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Business news and information from the European Union

EU VAT reform to crack down on fraud 05 October 2017, 15:49 CET
The EU Commission set out plans Wednesday for the biggest reform of EU VAT rules in a quarter of a century, hoping to crack down on an estimated EUR 50 billion in tax revenue lost to cross-border VAT fraud.

MEPs put brake on pesticides plan 05 October 2017, 13:18 CET
The European Parliament blocked an EU Commission proposal Wednesday which would have exempted some chemicals in pesticides from being identified as endocrine disruptors.

Brussels takes legal action against Ireland over Apple taxes 04 October 2017, 23:34 CET
The EU Commission has decided to refer Ireland to the European Court of Justice for failing to recover from Apple illegal State aid worth up to EUR 13 billion, as required by an earlier Commission decision.

Amazon has to repay EUR 250m in tax benefits, says EU 04 October 2017, 22:58 CET
Luxembourg has to recover some EUR 250m of tax benefits granted to Amazon, the EU ruled Wednesday, deemed illegal under EU rules, which allowed the firm to pay markedly less tax than other companies.

EU looks to make procurement more efficient and sustainable 04 October 2017, 15:49 CET
As part of EU efforts to stimulate the economy and unlock investment, the European Commission put forward Tuesday an initiative for more efficient and sustainable procurement, exploiting digital technologies.

MEPs seek cheaper intra-EU phone calls 04 October 2017, 13:43 CET
Long-distance intra-EU calls should cost the same as calling within the same country, according to a draft law approved by a European Parliament committee on Monday.

EU appraises bids for agencies leaving Britain after Brexit 03 October 2017, 20:38 CET
The EU Commission published Monday its assessment of the 27 offers received from Member States to host the European Banking Authority and the European Medicines Agency - currently located in the United Kingdom.

Not enough progress on Brexit: EU Parliament 03 October 2017, 20:37 CET
There was not enough progress on withdrawal terms, particularly on citizen's rights, to start talks on the United Kingdom's future relationship with the EU, the European Parliament said on Tuesday.

EU sugar quotas come to an end 02 October 2017, 23:10 CET
The very last agricultural quota system in place, managing sugar production in the EU, were scrapped on 30 September, after nearly 50 years, part of a major CAP reform and restructuring process.

Tech giants under increased EU pressure over illegal content 02 October 2017, 23:07 CET
The Commission presented guidelines and principles Thursday for online platforms to step up efforts to proactively prevent, detect and remove illegal content inciting hatred, violence and terrorism online.

EUR 152 bn VAT gap points way to EU reform 29 September 2017, 18:18 CET
The EU Commission published a report Thursday showing that EU Member States lost an estimated total of EUR 152 billion in VAT revenues in 2015, as it readies for an overhaul of the VAT system.

LIFE programme: EUR 222 m for environment, nature and climate action 28 September 2017, 23:08 CET
The Commission approved Thursday an EU investment package of EUR 222 million to support Europe's transition to more sustainable and low-carbon future under the LIFE programme for the Environment and Climate Action.

MEPs call for EU-wide minimum income 28 September 2017, 22:37 CET
Introducing minimum income schemes in all EU Member States is one of the most effective ways to lift people out of poverty, Euro-MPs on the Parliament's Employment Committee said on Thursday.

EU fines VW's Scania EUR 880m for trucks cartel 28 September 2017, 18:01 CET
The EU Commission fined Scania EUR 880 million Wednesday for breaking EU antitrust rules by taking part in a truck pricing cartel and passing on new technologies costs to meet stricter emission rules.

Europeans start to roam like at home 27 September 2017, 23:17 CET
Europeans are aware of new EU mobile roaming rules and have started changing their habits when travelling abroad, a survey conducted after the first summer without the charges shows.

Schengen border controls could be extended under new EU plan 27 September 2017, 20:34 CET
The Commission proposed Wednesday that temporary internal border controls under the Schengen Borders Code could be extended in response to increased security and terrorist risks.

Commission supports EU states against substandard food 27 September 2017, 18:27 CET
The EU Commission issued a set of guidelines Tuesday to help Member States determine whether a company is breaking EU laws when selling food products of dual quality in different countries.

Brussels looks to extend scope of EU rules on work contracts 27 September 2017, 00:18 CET
The EU Commission is in talks with trades unions and employers' organisations on making rules on employment contracts fairer and more predictable for all types of workers.

Greece no longer in breach of EU budget deficit rules 26 September 2017, 23:26 CET
The European Union closed its excessive deficit procedure for Greece Monday, confirming that the country's deficit is now below 3 per cent of GDP, the EU's reference value for government deficits.

Green light for European sustainable development fund 26 September 2017, 18:04 CET
A European fund for sustainable development to support investments in African and neighbourhood countries will be set upo later this week, following Monday's agreement by the EU Council of Ministers.

Landmark EU-Canada trade deal enters into force 25 September 2017, 16:29 CET
The Comprehensive Economic and Trade Agreement between the EU and Canada (CETA), which aims to boost goods and services trade and investment flows, entered into force provisionally Thursday.

EU and US sign bilateral insurance deal 25 September 2017, 12:44 CET
After 20 years of discussion and a year of formal talks, the European Union and the US signed a landmark bilateral agreement on insurance and reinsurance Saturday.

Digital economy must gear up for EU tax reform 22 September 2017, 11:39 CET
The EU Commission launched its agenda to reform taxation of online business Thursday, paving the way for a legislative proposal on EU rules for taxation of profits in the digital economy.

Banks must inform clients of risks of foreign currency loans: EU Court 21 September 2017, 22:42 CET
Banks lending in foreign currencies are under an obligation to provide sufficient information to enable a borrower to take prudent and well-informed decisions, the EU's top Court ruled Wednesday.

EU targets end to data localisation 21 September 2017, 00:25 CET
The EU Commission proposed a framework for the free flow of non-personal data Tuesday, highlighting the removal of data localisation restrictions as key to unlocking the potential of Europe's data economy.