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Business news and information from the European Union

Russia, Ukraine agree gas delivery deal until end March 03 March 2015, 00:42 CET
Moscow and Kiev agreed a gas delivery deal until the end of March after EU-brokered talks in Brussels Monday, securing supplies to Europe after a row over supplies to rebel-held eastern Ukraine, the EU said.

Spain says third bailout for Greece seen at EUR 30-50 bn 03 March 2015, 00:42 CET
Spanish Economy Minister Luis de Guindos on Monday said European Union officials are estimating that a hypothetical third bailout for Greece could amount to between 30 and 50 billion euros.

RWE wraps up EUR 5.1 bn sale of gas unit to Russian-controlled fund 02 March 2015, 22:25 CET
German power giant RWE said Monday it has wrapped up the sale of its oil and gas unit Dea to a Russian-controlled investment fund, LetterOne.

ECB to unveil details of QE programme 02 March 2015, 17:35 CET
The European Central Bank will unveil the details of the bond purchase programme it is embarking on later this month at its next meeting, but is unlikely to announce any new policy measures, analysts said.

EU hopes for 'positive outcome' in Russia-Ukraine gas talks 02 March 2015, 17:35 CET
The EU said it hoped for a "positive outcome" Monday as the Russian and Ukrainian energy ministers held talks in Brussels aimed at resolving gas supply dispute threatening deliveries to Europe.

EU pushing for unity to end row over Greek PM comments 02 March 2015, 15:12 CET
The EU said Monday it is trying to mediate in a simmering row between Greece and its eurozone partners Spain and Portugal after Prime Minister Alexis Tsipras accused them of undermining debt talks with Brussels.

Eurozone prices, jobs firm but deflation threat remains 02 March 2015, 15:09 CET
The eurozone's consumer price downturn eased and jobless figures picked up slightly Monday but the modest improvements were not enough to dispell all fears of a deflationary spiral.

Greece not to vote on EU deal 02 March 2015, 14:52 CET
Greece will not submit to a parliamentary vote an EU loan deal that has reportedly split the ruling hard-left Syriza party, a government official said Monday.

Ireland looks forward to dairy boom once EU quotas go 02 March 2015, 12:13 CET
Four weeks from the lifting of European Union milk quotas, Ireland is looking forward to a radical shake-up of its farming sector that would boost dairy output by 50 percent over the next five years.

Varoufakis urges 'intelligent' debt restructuring 02 March 2015, 12:11 CET
Greek Finance Minister Yanis Varoufakis called Monday for "intelligent" restructuring of Greece's debt, while acknowledging that a write-down would be unacceptable for the country's creditors.

Spanish PM hits back at Greece's Tsipras in austerity row 01 March 2015, 20:20 CET
Spanish Prime Minister Mariano Rajoy on Sunday called on his Greek counterpart to get "serious" about his country's debt-wracked economy, after Alexis Tsipras accused eurozone partners of undermining its negotiations with Brussels.

France gets until 2017 to meet EU deficit rules 01 March 2015, 13:10 CET
The EU has given France two more years until 2017 to bring its budget deficit back into line, meaning the eurozone's second biggest economy avoids an embarrassing fine for now.

Ireland passes EU's first tobacco plain packaging law 01 March 2015, 13:09 CET
Ireland on Thursday became the first European Union Member State to pass a law introducing mandatory plain packaging for tobacco products, prompting the tobacco industry to threaten legal action.

Italian anti-euro, anti-immigrant party holds rally in Rome 01 March 2015, 13:09 CET
The rising star of the Italian right, Matteo Salvini, led a mass rally in support of his anti-immigration, anti-EU Northern League party in central Rome Saturday, as a counter-rally took place nearby.

EU voices 'indignation' over Nemtsov murder 28 February 2015, 12:02 CET
EU foreign policy chief Federica Mogherini voiced "indignation" Saturday over the assassination of Russian opposition leader Boris Nemtsov, calling for a "full, rapid and transparent" probe.

Eight jailed in EUR 100m double Paris jewellery heist 28 February 2015, 10:41 CET
A French court has sentenced eight men to jail over a double heist at a Harry Winston jewellery shop in Paris in which they made off with gems and watches worth more than 100 million euros.

EU sets France tough deficit targets 27 February 2015, 17:15 CET
The EU set France tough new targets on Friday to get its budget deficit back within Brussels rules, keeping up the pressure after giving Paris two more years until 2017 to toe the line.

British claim to have cut EU charge false: report 27 February 2015, 16:23 CET
A British government claim to have negotiated the halving of a GBP 1.7 billion payment demanded by the European Union is "not supported by the facts", lawmakers said in a Friday report.

Russia confirms will attend gas talks with EU, Ukraine 27 February 2015, 11:00 CET
Russia has confirmed that it will attend talks with the European Union and Ukraine on Monday aimed at resolving a bitter gas supply dispute which threatens deliveries to Europe.

European left seeks balance between austerity and responsibility 26 February 2015, 23:20 CET
Leaders of embattled mainstream European left parties met in Madrid on Saturday seeking to regain lost ground as they tried to strike a balance between "suicidal austerity" and financial "responsibility" at a time when debt-racked Greece is trying to renegotiate a bailout deal.

Google unveils reorganization in Europe 26 February 2015, 22:30 CET
Google said on Wednesday that it was launching a reorganisation of its European operations in the face of a tougher regulatory environment.

ExxonMobil says Russia sanctions could cost it $1 bn 26 February 2015, 20:12 CET
ExxonMobil said Thursday in a securities filing that US and European Union sanctions against Russia could cost the US oil giant as much as $1 billion.

EU invites Russia, Ukraine to fresh gas talks 26 February 2015, 20:09 CET
The EU said it has invited the Russian and Ukrainian energy ministers to Brussels on Monday for talks on resolving a bitter gas supply dispute which threatens deliveries to Europe.

EU asks WTO to help settle trade dispute with Russia 26 February 2015, 16:54 CET
The European Union has asked the World Trade Organization to help settle a dispute with Russia over "excessive import duties" on refrigerators and other products.

EU calls on Russia to free Ukraine pilot 'urgently' 26 February 2015, 15:13 CET
The European Union called on Russia Thursday to "urgently" release Ukraine military pilot Nadia Savenchko on humanitarian grounds after 75 days on hunger strike to protest her detention.