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Business news and information from the European Union
- Russia's war hits EU economy, hikes inflation — 14 July 2022, 18:12 CET
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Russia's war of aggression against Ukraine continues to negatively affect the EU economy, as Thursday's interim Summer Economic Forecast points to lower growth and higher inflation.
- Euro-MPs call for 45 pct renewables by 2030 — 13 July 2022, 22:47 CET
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The European Parliament's environment committee voted Wednesday to accelerate substantially the deployment of renewable energy, and also reductions in energy consumption, by 2030.
- EU's PEACE programme to bring EUR 1.1 bn to Nth Ireland and borders — 13 July 2022, 22:40 CET
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The EU Commission adopted PEACE PLUS Wednesday, a new cross-border programme to strengthen peace and reconciliation and cooperation between Ireland and Northern Ireland.
- EU supports clean tech projects with EUR 1.8 billion funding — 12 July 2022, 23:35 CET
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The European Union launched over EUR 1.8 billion of awards Tuesday to 17 large-scale innovative projects to bring breakthrough technologies to the market in energy-intensive industries.
- Brussels looks for more flexible, resilient airline slot regime — 12 July 2022, 23:27 CET
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Responding in part to disruption from the war in Ukraine, the EU Commission adopted Tuesday a proposal to allow the airline slot regime to respond more flexibly to unexpected future developments.
- Croatia given final approval to join euro — 12 July 2022, 23:15 CET
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The EU Council adopted the last three legal acts to enable Croatia to become a member of the euro area Tuesday, paving the way for Croatia to introduce the EU's common currency on 1 January 2023.
- MEPS push to decarbonise aviation with cooking oil — 12 July 2022, 00:04 CET
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Used cooking oil, synthetic fuel or even hydrogen should become the norm as aviation fuel, the European Parliament said Thursday as the EU looks for sustainable fuel to reach climate neutrality by 2050.
- 2nd Covid booster vaccines recommended for Europe — 12 July 2022, 00:00 CET
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Second booster doses of COVID-19 vaccines should be considered for people between 60 and 79 years old and those with high risk conditions, European health agencies recommended Monday.
- EU to recognise driving docs of Ukrainian refugees — 07 July 2022, 23:19 CET
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The European Parliament gave its backing Thursday to a proposal to allow Ukrainian refugees to keep their national driving licences, exempting them from the obligation to exchange them for EU ones.
- Ukraine inevitable focus for new Czech EU presidency — 07 July 2022, 19:18 CET
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The preparation of the post-war reconstruction of Ukraine as well as projects to free the EU from its dependence on Russia will be important tasks for the Czech Presidency, its PM said Wednesday.
- Brussels confirms raids in online food delivery sector — 06 July 2022, 22:51 CET
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The Commission carried out unannounced inspections Wednesday at the premises of companies in online ordering and delivery of food, groceries and other goods in two EU Member States.
- New EU road safety rules to enable driverless cars — 06 July 2022, 22:38 CET
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A range of mandatory advanced driver assistant systems came into force Wednesday, establishing a legal framework for the approval of automated and fully driverless vehicles in the EU.
- EU innovation agenda boost for startups — 06 July 2022, 18:46 CET
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The European Commission adopted a New European Innovation Agenda Tuesday with the aim of positioning Europe at the forefront of the new wave of deep tech innovation and start-ups.
- MEPs fail to reject gas, nuclear from EU Taxonomy guidebook — 06 July 2022, 18:46 CET
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Euro-MPs failed Wednesday to oppose the inclusion of nuclear and gas as environmentally sustainable economic activities, voting instead in favour of labelling them as green activities in the EU Taxonomy.
- Amazon Prime changes cancellation practices to comply with EU — 05 July 2022, 23:10 CET
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Following a dialogue with the European Commission and national consumer protection authorities, Amazon committed Friday to bringing its cancellation practices in line with EU consumer rules.
- EU greenlights landmark rules for internet platforms — 05 July 2022, 23:08 CET
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The European Parliament gave the final go-ahead Tuesday to a new EU digital rulebook setting out tougher standards on the accountability of online companies, within an open and competitive digital market.
- 55 pct car rental brokers' websites violate EU law — 04 July 2022, 18:26 CET
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More than half the websites of car rental brokers' websites screened violate EU law, according to the results, published Monday, of an EU-wide website screening ('sweep') of websites brokering car rentals.
- EU traveller can 'roam like at home' for 10 more years — 01 July 2022, 00:19 CET
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The European Union's new, improved roaming regulation entered into force on 1 July, under which travellers in the EU and the European Economic Area can call, text and surf abroad without extra charges.
- EU states agree deal on reducing gas emissions — 30 June 2022, 22:37 CET
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The EU Council adopted its negotiating positions on key proposals to enable the EU to reduce its net greenhouse gas emissions by at least 55% by 2030 and achieve climate neutrality in 2050.
- EU moves to stop illicit flows of crypto assets — 30 June 2022, 22:17 CET
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The EU Parliament and Council reached a provisional deal Thursday to ensure transfers of crypto-assets can be traced and identified to prevent money laundering, terrorist financing and other crimes.
- G7 leaders pledge stronger support for Ukraine against Russian aggression — 29 June 2022, 22:33 CET
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The leaders of the G7 nations at this year’s summit in Bavaria sent out a powerful signal of unity to Russia Tuesday, pledging to strengthen action against its war of aggression against Ukraine.
- EU allocates EUR 5.4 bn to projects to improve infrastructure links — 29 June 2022, 22:32 CET
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The European Commission selected some 135 transport infrastructure projects for EU grants Wednesday from among 399 project proposals submitted under the Connecting Europe Facility (CEF).
- EU states agree higher targets for renewables — 28 June 2022, 22:56 CET
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EU ministers adopted a general approach on two legislative proposals that tackle energy aspects of the EU’s climate transition, the renewable energies directive and the energy efficiency directive.
- United Europe grants EU candidate status to Ukraine, Moldova — 27 June 2022, 23:18 CET
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At a summit on Thursday, EU leaders made a historic decision to grant the status of European Union candidate to Ukraine and Moldova in the face of Russia's continuing war of aggression against Ukraine.
- MEPs approves plans to restock gas reserves before winter — 23 June 2022, 23:47 CET
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In response to Russia’s war against Ukraine, the EU Parliament approved Thursday a proposal which sets a mandatory minimum level of gas in storage facilities at 80 per cent by 1 November.