Defence aircraft - Photo © NATO

The EU Parliament and Council agreed key updates to EU cohesion policy, enabling Europe’s states and regions to reallocate funds towards new strategic priorities, such as defence, sustainable housing, water resilience, and energy transition.

EU agrees EUR 1.8 trillion long-term recovery budget

EU Budget (BRUSSELS) – The EU Council adopted a regulation Thursday laying down the EU’s multiannual financial framework for 2021-2027, providing for a long-term budget of EUR 1,074.3 billion for…

EU institutions agree funding for investment recovery

Renewable energy (BRUSSELS) – The EU Parliament and Council reached a political agreement Monday night on the InvestEU flagship investment programme for sustainable recovery of the European economy from the…

EU prepares for end of LIBOR financial benchmark

Markets (BRUSSELS) – The European Parliament and EU Council reached provisional agreement Tuesday on key amendments to EU rules on financial benchmarks, in preparation for the end of LIBOR on…