European Union Business News from EUbusiness.com
The euro held firm despite a weak German ZEW survey, which showed investor sentiment slipping to 38.5 from 39.3 (below expectations of 40+). The single currency stayed above 0.8800 against sterling, supported by optimism for stronger Eurozone growth into 2026.
Around 33.1 million enterprises in the EU employed 162.2 million people in 2023, generating a net turnover of over €38.5 trillion, leading to €10.5 trillion in value added.
The European Commission has initiated first investigative actions against Snapchat, YouTube, Apple App Store and Google Play following the Guidelines on Protection of Minors under the EU’s Internet rules.
The EU’s Member States will start progressively introducing Europe’s new digital border system, the Entry/Exit System (EES), across their external borders from 12 October.
Sending money across the euro area will be faster and safer from today, as new EU rules on instant payments come into force, allowing people and businesses to transfer money in euros across the euro area within seconds.
The European Commission has published calls for projects to award EU funds worth a total of just over €204 million to propel the deployment and take up of innovative digital technologies across Europe.
The latest figures on EU Ecolabel-certified products and licences, released today, show the EU Ecolabel gaining momentum and appearing on more and more environmentally friendly products.
