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Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

Markets anxiously await key interest rate decisions this week - Euro currency news daily 18 March 2024, 13:43 CET
In Europe the ECB could be seen as the first Central Bank to start cutting rates from June. Expectations are for the Euro to move lower in the coming weeks as markets increase expectations for additional interest rate cuts through the rest of 2024.

Madrid region has highest life expectancy in EU 16 March 2024, 00:31 CET
The region with the highest life expectancy at birth in the European Union in 2022 was the Spain's region of Comunidad de Madrid at 85.2 years, the EU's statistics agency Eurostat reported Thursday.

Global AI in cybersecurity market to skyrocket to USD 60.6bn by 2028 05 March 2024, 18:14 CET
The global market for AI in cybersecurity is poised to witness remarkable growth, surging from USD 22.4 billion in 2023 to a staggering USD 60.6 billion by 2028, according to a new report.

EU adopts 13th package of sanctions against Russia 26 February 2024, 23:18 CET
Two years on from Russia's brutal invasion of Ukraine, the EU adopted Friday its thirteenth package of sanctions against Putin’s regime, those responsible for perpetuating its war and those lending it their support.

23 pct of EU enterprises engaged in online sales in 2022 26 February 2024, 23:17 CET
22.9 per cent of EU enterprises conducted sales online in 2022, according to figures released Monday by Eurostat, 0.1 per cent higher compared with 2021 and 6.5% higher that in 2012 (16.4%).

EU adopts instant 10-second payments regulation 26 February 2024, 22:23 CET
The EU Council adopted Monday a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

EU-Russia trade remains at low levels 22 February 2024, 23:59 CET
EU trade with Russia has been strongly affected by import and export restrictions imposed following Russia's invasion of Ukraine, dropping considerably below levels prior to the invasion, Eurostat reports.

EUR 83m EU humanitarian aid to support people in Ukraine and Moldova 20 February 2024, 18:51 CET
The European Commission announced Tuesday an initial EUR 83 million in humanitarian aid to support the people affected by Russia's war against Ukraine for 2024.

EU growth, inflation set for further falls: winter forecast 16 February 2024, 23:43 CET
Europe's economy entered 2024 on a weaker footing than expected, the European Commission said Thursday, revising growth down to 0.5% in 2023, as inflation slows faster than projected in the autumn.

MEPs look to bring an end to greenwashing claims 16 February 2024, 19:49 CET
A European Parliament committee adopted new rules Wednesday on how firms can validate environmental marketing claims, and the information they need to provide to justify these claims.

Consumers could be fully reimbursed for payment fraud according to European Parliament vote 14 February 2024, 23:47 CET
Consumers could be fully reimbursed if they become a victim of an impersonation scam according to a vote in the European Parliament’s ECON Committee today.

Substantiating Green Claims: Retailers and wholesalers call for practicality 14 February 2024, 23:42 CET
Today, the European Parliament's Committee on the Environment, Public Health and Food Safety and the Committee on Internal Market and Consumer Protection adopted their draft report on the Substantiating Green Claims Directive proposal.

Euro money transfers to arrive 'within ten seconds' 08 February 2024, 00:11 CET
The European Parliament adopted new rules Wednesday to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU.

Clearing package deal boost for EU capital markets 08 February 2024, 00:01 CET
The European Parliament and EU Council reached political agreement Wednesday on new rules to help make EU clearing services more attractive and robust and preserve financial stability.

EU reaches provisional deal on environmental, social and governance ratings 06 February 2024, 19:03 CET
The EU institutions reached provisional agreement Monday on a regulation on environmental, social and governance rating activities to boost investor confidence in sustainable products.

Listing Act deal: A twofold win for investors & the environment 06 February 2024, 00:41 CET
Following extensive negotiations, the Listing Act trilogues concluded on 2 February, reaching a deal that contains specific wins for sustainable finance and investors alike: it improves the sustainability disclosures of stocks and bonds to better inform investors buying them.

EU, IFC to unlock EUR 500m private sector investment for Ukraine reconstruction 05 February 2024, 18:35 CET
The European Commission and the International Finance Corporation signed a guarantee agreement Monday to support investments to help drive an inclusive and sustainable reconstruction in Ukraine.

EU Council and Parliament agree new stock listings act 02 February 2024, 23:09 CET
The EU institutions reached provisional agreement Thursday on a package to make EU public capital markets more attractive for EU companies and easier for companies to list on European stock exchanges.

Brussels to offer derogations to ease pressure on EU farmers 02 February 2024, 00:26 CET
The European Commission proposed Wednesday to allow EU farmers to make use of derogations for 2024 from Common Agricultural Policy rules which oblige them to keep certain areas non-productive.

EU reliance on fossil fuels increased slightly in 2022 30 January 2024, 18:32 CET
The EU’s reliance on fossil fuels for its overall energy supply in 2022 showed a slight increase on 2021, from 69.9 to 70.9 per cent, according to figures released Tuesday by the EU statistics agency.

EU renews economic sanctions against Russia for 6 more months 29 January 2024, 23:02 CET
The EU Council renewed its restrictive measures against Russia for a further 6 months Monday, until 31 July 2024, in view of the country's continuing actions destabilising the situation in Ukraine.

Economic Security Package: EuroCommerce asks for cautious approach to guard the competitiveness of businesses in Europe 24 January 2024, 23:49 CET
The European Commission is addressing increasing geopolitical tensions, geo-economic fragmentation and technological shifts that are posing challenges for the European economy and Europe's economic security in a new Economic Security Package issued today.

Battery-only electric cars in Europe continue advance in 2022 24 January 2024, 23:42 CET
The number of battery-only electric passenger cars in the EU reached nearly 3 million in 2022, data released Tuesday by Eurostat said - a 55 per cent increase compared with 2021 (1.9 million).

EU beefs up fight against money laundering, terrorist financing 18 January 2024, 23:03 CET
The European Parliament finalised a deal with the EU Council Thursday on new measures to beef up an EU toolkit to fight money laundering, terrorist financing and sanctions evasion.

$1 billion EU finance for Sweden's Northvolt's battery gigafactory 17 January 2024, 17:52 CET
The European Investment Bank announced Tuesday the financing of Northvolt's circular battery gigafactory in northern Sweden, with a total lending package to slightly over $1.038 billion.