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Business news and information from the European Union

Europe's gas supplies not at risk: EU Commissioner 20 April 2014, 14:40 CET
EU Energy Commissioner Guenther Oettinger said Sunday that he sees no danger of Europe's access to Russian gas falling victim to possible economic sanctions in the stand-off over Ukraine.

Nothing should impede normalisation of Russia-West relations: Putin 19 April 2014, 21:38 CET
President Vladimir Putin on Saturday said nothing should impede the normalisation of relations between Russia and the West, after ties hit a post-Cold War low due to the standoff over Ukraine.

EU urges Israel to reverse West Bank moves 18 April 2014, 23:36 CET
EU foreign affairs chief Catherine Ashton called on Israel Friday to reverse recent actions, such as announcing new settlements in the occupied West Bank, to bolster faltering peace talks.

Portugal gets another IMF bailout payment 18 April 2014, 23:26 CET
The International Monetary Fund released a bailout payment of 851 million euros ($1.18 billion) to Portugal on Thursday as the debt-riddled country gets close to exiting its three-year IMF-European Union rescue.

Russia, West still far from breakthrough in Ukraine crisis: analysts 18 April 2014, 18:48 CET
The four-way agreement on Ukraine thrashed out in Geneva is the first sign of progress between Russia and the West in a months-long standoff, but a litany of problems remain unresolved, analysts said.

Italian lender backs 5 bn-euro share sale 18 April 2014, 18:46 CET
Italian bank Monte dei Paschi di Siena gave the go-ahead on Friday to a 5.0 billion euro equity raising that will boost its capital and allow it to repay a government bailout this year.

Russia's Lavrov announces deal to "de-escalate tensions" in Ukraine 17 April 2014, 23:12 CET
Russia's Foreign Minister Sergei Lavrov on Thursday announced a deal had been reached with Ukraine, the United States and the European Union to "de-escalate" dangerously high tensions in the former Soviet republic.

Croatia extradites ex-top spy to Germany 17 April 2014, 23:09 CET
Croatia extradited a former Yugoslav spy chief to Germany on Thursday to face charges for the 1983 murder of a dissident on German soil.

European Parliament backs economic sanctions against Russia 17 April 2014, 22:39 CET
The European Parliament called on Thursday for the EU to reinforce sanctions on Russia over the Ukraine crisis and be prepared to target economic interests.

Italy asks EU for more time to meet deficit target 17 April 2014, 22:10 CET
Italy on Thursday asked the European Union to push back a deadline for cutting its public deficit to 2016, days after France reportedly tried and failed to get another extension.

Croatia sees no 2014 growth under new deficit cutting plan 17 April 2014, 22:05 CET
The EU's newest member Croatia on Thursday announced new measures to bring its deficit target in line with Brussels demands but warned they could hamper already anaemic economic growth.

Turkey may clinch bid to dismantle Italy shipwreck 17 April 2014, 14:36 CET
Turkey may clinch a bid to dismantle the wrecked Costa Concordia cruise ship, Italy's civil protection agency said Thursday, adding that the decision on which port will be used will be taken in May.

EU could boost sanctions on Russia if no progress in Geneva: Hollande 17 April 2014, 13:47 CET
French President Francois Hollande warned Thursday that EU sanctions on Russia could be strengthened if there is no progress at talks in Geneva on the Ukraine crisis.

Lithuania pushes ahead on euro amid insecurity over Russia 17 April 2014, 13:37 CET
Lithuania on Thursday moved one step closer to joining the eurozone, as concerns over Soviet-era master Moscow give it all the more reason to firmly root itself in the West.

EU agrees to talks with Russia on Ukraine gas supply: Barroso 17 April 2014, 13:17 CET
The European Union said it had agreed Thursday to hold talks with Russia on its gas supplies to Europe through Ukraine, warning Moscow its reliability as an energy source was at stake.

European auto market pulls away from crisis: trade data 17 April 2014, 11:47 CET
Demand for cars in Europe moved up another gear in March and struggling French group Peugeot Citroen did well, trade data showed on Thursday, but the market is still suffering badly from a recent slump.

Famine threatens people of South Sudan, UN chief warns 17 April 2014, 10:46 CET
UN Secretary General Ban Ki-moon warned Wednesday that more than one million people in South Sudan were at risk of famine.

Med nations urge EU partners to step up migration fight 16 April 2014, 22:16 CET
Seven European Mediterranean nations on Wednesday urged the EU to boost its financial support for member states bearing the brunt of the influx of African migrants in search of a better life.

Juncker wants politicians not bureaucrats in new Commission 16 April 2014, 19:37 CET
Jean-Claude Juncker, a front-runner in the race to become president of the European Commission, told AFP he was ready to fight to have politicians rather than bureaucrats on his team.

EU, Switzerland edge towards free movement accord: sources 16 April 2014, 19:36 CET
The European Union and Switzerland are close to reolving a spat over Swiss immigration curbs although Britain has asked for more time to consider the proposals, EU sources said on Wednesday.

'Danny the Red' brings down the curtain on 20 years as Euro-MP 16 April 2014, 19:35 CET
Daniel Cohn-Bendit, the firebrand May 1968 student leader in France who then made Germany's Greens the world's most powerful environmental party, brought down the curtain Wednesday on 20 years as an EU lawmaker.

MEPs back plans to slash use of plastic shopping bags 16 April 2014, 19:35 CET
The European Parliament on Wednesday backed plans to slash the use of plastic shopping bags which, carelessly thrown away, end up as unsightly litter and pollute the environment.

Transdniestr leader calls on EU to recognise breakaway region 16 April 2014, 19:23 CET
The leader of Moldova's breakaway region of Transdniestr on Wednesday called on the European Union to recognise the statelet as independent to ensure stability in the region amid the standoff between Ukraine and Russia.

German court orders nuclear fuel rod tax to be reimbursed 16 April 2014, 13:09 CET
A court in Hamburg ruled Monday that a nuclear fuel rod tax imposed on Germany's power suppliers must be reimbursed until its compatibility with European and domestic law is established.

Croatia court backs ex-top spy's extradition to Germany 16 April 2014, 12:00 CET
Croatia's Supreme Court has approved the extradition to Germany of a former Yugoslav spy chief wanted for the 1983 murder of a dissident on German soil, his lawyer said on Wednesday.