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Business news and information from the European Union

EU offers Ukraine unprecedented arms support package — 27 February 2022, 23:57 CET

With the war in Ukraine raging, the European Union stepped up late Sunday evening with a EUR 450m package of lethal weapons and new sanctions to counter the brutal Russian aggression against Ukraine.

EU to freeze Putin, Lavrov assets — 26 February 2022, 23:28 CET

The European Union imposed sanctions against Russia's president Vladimir Putin and its foreign minister Sergey Lavrov Friday, and adopted wide ranging individual and economic sanctions.

Russia will 'pay a heavy price' for unprovoked military aggression: EU — 25 February 2022, 17:10 CET

European leaders at a summit Thursday agreed sanctions on Russia for its 'unprovoked and unjustified' military aggression against Ukraine, which they condemned in the strongest possible terms.

New Data Act to boost Europe's digital economy — 25 February 2022, 17:09 CET

A new EU Data Act with rules on who can use and access data generated in the EU across all economic sectors will unlock a wealth of industrial data in Europe, the European Commission said Wednesday.

EU due diligence law to make corporate governance more sustainable — 25 February 2022, 17:09 CET

The European Commission unveiled its long-awaited proposal Wednesday for an EU law that establishes a corporate sustainability due diligence duty on companies over a certain size.

EU eases requirements on non-essential travel from third countries — 24 February 2022, 17:36 CET

The EU further facilitated travel into the EU Tuesday, updating a recommendation on temporary restriction of non-essential travel into the EU, taking into account increased vaccination and booster uptake.

EU condemns 'illegal and unacceptable' Russian action in Ukraine — 23 February 2022, 00:39 CET

The EU condemned Russia's recognition Tuesday of the Donetsk and Luhansk oblasts of Ukraine as independent entities and their invasion by Russian troops, outlining a number of financial and trade sanctions.

Investment funds: single market benefits 'unrealised', say EU auditors — 22 February 2022, 21:01 CET

The EU has a framework to establish a single market for investment funds, but not all of its goals have been achieved, the EU's Court of Auditors said Tuesday, with many potential benefits still 'untapped'.

EU challenges China at WTO to defend high-tech sector — 18 February 2022, 22:50 CET

The European Union filed a case against China at the World Trade Organization (WTO) Friday for restricting EU companies from going to a foreign court to protect and use their patents.

Lift-off for satellite-based EU internet system — 18 February 2022, 22:50 CET

The EU set out ambitious plans Tuesday for a space-based secure communication system, which would deliver high-speed internet access and provide connectivity to Europe and Africa.

MEPs give green light to reform of road haulage charging — 18 February 2022, 22:50 CET

The EU Parliament gave its final approval Thursday to new rules on road charges for trucks, which will move from time-based to distance-based charging, making polluter-pays principles work better.

Rising inflation checks Europe's recovery — 17 February 2022, 23:06 CET

Inflation and energy prices are expected to hold back growth in the European economy, which is reaching pre-pandemic levels of GDP, according to the EU's winter economic forecast.

House cricket makes it to list of EU novel foods — 15 February 2022, 23:07 CET

The house cricket received EU authorisation as a novel food Friday, becoming the third insect approved for consumption by European gourmets, following the dried yellow mealworm and migratory locust.

MEPs look to strengthen new EU rules for batteries — 11 February 2022, 16:59 CET

MEPs in committee called Thursday for stronger sustainability, performance and labelling requirements for batteries, as well as more stringent targets for waste collection and recycling efficiency.

Regional inequalities shrink through EU cohesion policy — 10 February 2022, 18:29 CET

GDP per capita of less developed regions in the EU is expected to increase by up to 5% by 2023, as regional disparities narrow as a result of its cohesion policy, an EU report said on Wednesday.

EU implementing decisions ready radio spectrum for 5G — 09 February 2022, 23:39 CET

The EU Commission adopted Wednesday a number of implementing decisions to ensure that the EU's radio spectrum policy meets the growing demand for broadband and for innovative digital applications.

New EU Chips Act aims for 'digital sovereignty' — 09 February 2022, 23:39 CET

The European Commission proposed Tuesday a comprehensive package it says will ensure the EU's security of supply, resilience and technological leadership in semiconductor technology.

EU aspires to global leadership on standards — 08 February 2022, 18:05 CET

The EU Commission presented a new standardisation strategy Thursday to set global standards which protect EU values and counter external dependencies and threats from artificial intelligence and hacking.

EU launches first calls for proposals to support audiovisual industry — 08 February 2022, 18:05 CET

The European Commission published the first three calls for proposals under the Creative Europe MEDIA 2022 programme Thursday, with a total of EUR 226 million of EU funding available this year.

EU taxonomy: gas, nuclear are 'environmentally sustainable' — 03 February 2022, 22:28 CET

The EU Commission published a set of sustainable finance rules Wednesday designed to attract green investment which environmentalists warn could do huge damage to EU environmental action.

EU tables EUR 1.2 bn emergency aid package for Ukraine — 02 February 2022, 17:43 CET

The Commission tabled a proposal Tuesday for a new emergency macro-financial assistance (MFA) programme for Ukraine of up to EUR 1.2 billion, following a request from Ukrainian authorities.

New rules on EU Covid certificates apply from 1 February — 02 February 2022, 17:39 CET

As of 1 February, new Europe-wide rules started to apply on a standard acceptance period of 270 days for EU Digital COVID vaccination certificates used for travel within the EU.

Energy taxation fails to square with EU climate goals: auditors — 01 February 2022, 23:43 CET

Energy taxation can support efforts to combat climate change, but current tax levels do not reflect the extent to which different energy sources pollute, according to a review Monday by EU auditors.

'EU Business Register' scam returns to threaten firms' wallets — 01 February 2022, 01:05 CET

Fraudsters behind the 'EU Business Register' scam are causing havoc once again, cybersecurity technology company Bitdefender warned Thursday, targeting businesses and organisations across the globe.

EU urges stronger action against online Covid vaccine disinformation — 01 February 2022, 01:05 CET

Google, Facebook, Microsoft, TikTok and Twitter continue to improve efforts against coronavirus disinformation under an EU code of practice, an EU survey reported Thursday, but more effort is needed.