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Business news and information from the European Union

EU and G7 set price cap on Russian petroleum products — 05 February 2023, 23:00 CET

The European Union - together with the G7+ Price Cap Coalition - on Saturday adopted further price caps for seaborne petroleum products (such as diesel and fuel oil) originating in, or exported from Russia.

EU adopts stringent residue limits for pesticides to protect pollinators — 02 February 2023, 22:31 CET

The EU continued its battle to address pollinator decline Thursday with new rules on pesticides which will, once applicable, lower the maximum residues levels (MRLs) of two pesticides in food.

Green Deal Industrial Plan boost for Europe's net-zero industry — 02 February 2023, 22:31 CET

The Commission presented its 'Green Deal Industrial Plan' Wednesday with the aim of enhancing the competitiveness of Europe's net-zero industry and supporting fast transition to climate neutrality.

EU Commission travels to Kyiv in show of support for Ukraine — 02 February 2023, 22:19 CET

In a visit to the Ukraine capital Thursday, European Commission president Ursula von der Leyen, accompanied by 15 of her Commissioners, announced a new EUR 450 million assistance package for 2023.

Lung cancer Europe's most common cause of death from cancer — 01 February 2023, 21:50 CET

Lung cancer is by far the most common cause of death from cancer in Europe, the Commission reported Wednesday in the first country cancer profiles under the European Cancer Inequalities Registry.

Progress towards internal electricity market slow: EU auditors — 31 January 2023, 22:50 CET

Despite ambitious projections, the EU has made slow progress towards its goal of connecting electricity markets to ensure access to cheap power for citizens and businesses, EU auditors said Tuesday.

EUR 657m awards for researchers across Europe — 31 January 2023, 22:16 CET

The European Research Council announced Tuesday the winners of its latest round of 'Consolidator Grants', aimed at supporting mid-career researchers for pioneering research across all scientific disciplines.

10 pilot services to boost European cross-border rail — 31 January 2023, 22:06 CET

The EU Commission announced Tuesday support for 10 pilot projects to establish new cross-border rail services or improve existing connections between large EU cities including Paris, Munich and Rome.

40 pct of online shops engaged in manipulative practices - EU report — 30 January 2023, 23:26 CET

148 out of 399 online shops screened by the EU in a "sweep" of online retail websites were found to engage in 'manipulative online practices, the European Commission announced on Monday.

New EU rules on dedicated airspace for drones in force — 30 January 2023, 23:25 CET

EU rules establishing a dedicated airspace for drones known as the U-space became applicable as from 26 January, allowing operators to provide a wider range of services.

Google introduces changes to comply with EU rules — 30 January 2023, 23:25 CET

With a view to aligning its practices with EU law - mainly on lack of transparency and clear information to consumers - Google committed Thursday to introduce changes in several of its products and services.

EU boost for investment in enlargement regions — 26 January 2023, 23:18 CET

The European Fund for Sustainable Development plus endorsed Thursday a package of 24 guarantee programmes to support investments in the EU's neighbourhood and enlargement countries.

Brussels steps up action to save Europe's bees — 26 January 2023, 22:27 CET

With one in three bee, butterfly and hoverfly species disappearing in the EU, the EU Commission set out Tuesday a 'new deal for pollinators' to tackle the alarming decline in Europe's wild pollinating insects.

EU Parliament beefs up political advertising rules — 24 January 2023, 23:55 CET

A European Parliament committee adopted numerous changes to political advertising rules Tuesday, with the aim of making EU elections more transparent and resistant to interference.

MEPs adopt legislation to boost EU chips industry — 24 January 2023, 20:31 CET

A European Parliament committee backed plans Tuesday to secure the EU supply of chips by boosting production and innovation, and setting up emergency measures against shortages.

EU extends Iran sanctions over human rights — 23 January 2023, 23:57 CET

The EU Council decided Monday to add 18 individuals and 19 entities to the list of those subject to restrictive measures in the context of the existing Iran human rights sanctions regime.

Brussels mulls revision of Late Payment Directive — 23 January 2023, 23:55 CET

The European Commission launched an open public consultation Friday to collect information on late or unfair payment practices and payment behaviour in commercial transactions.

Affordable clean energy the goal as EU eyes electricity market reform — 23 January 2023, 23:41 CET

The EU launched a consultation Monday on reform of Europe's electricity market design to protect against price volatility, support access to secure clean energy, and make the market more resilient.

MEPs look to tackle gaming addiction, and boost video games growth — 20 January 2023, 23:18 CET

The EU Parliament called Wednesday for gamers to be better protected from addiction and other manipulative practices, while emphasising the growth potential of this innovative sector.

EU pledges EUR 1m for landmark WTO agreement on fisheries subsidies — 20 January 2023, 23:15 CET

The European Union pledged EUR 1 million Friday for the Fisheries Funding Mechanism, which forms part of the World Trade Organization Agreement on Fisheries Subsidies reached last year.

EU strengthens resilience against cybercrime — 18 January 2023, 23:44 CET

Two EU directives on critical and digital infrastructure entered into force Monday to strengthen EU resilience against online and offline threats from cyberattacks to crime, risks to health or natural disasters.

MEPs push for tighter EU rules on waste shipments — 18 January 2023, 23:44 CET

The European Parliament adopted its negotiating position Tuesday for talks with EU governments on a new law to revise EU procedures and control measures for waste shipments.

Croatia completes euro changeover — 17 January 2023, 18:56 CET

Croatia has successfully completed its changeover to the euro single currency, with a 14-day dual circulation period (when both the kuna and the euro could be used) ending on Saturday.

EU foreign subsidies regulation comes into effect — 16 January 2023, 23:45 CET

The European Union's Foreign Subsidies Regulation entered into force Thursday, a new set of rules which addresses the distortions caused by foreign subsidies and ensures fair and open EU markets.

European drinking water receives upgrade — 12 January 2023, 22:35 CET

Europeans are assured of improved quality and access to drinking water as of Thursday, when new requirements from the revised Drinking Water Directive became the norm across the EU.