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Business news and information from the European Union

EU auditors call for greater financial accountability 16 February 2018, 22:59 CET
The European Court of Auditors called Thursday for an increased emphasis on value added in the EU Budget, along with more flexibility and transparency, and greater accountability.

Social media giants still not doing enough to protect users, says EU 15 February 2018, 17:39 CET
Social media giants, including Facebook and Twitter, are dragging their feet in responding to requests from the EU Commission and national consumer authorities to comply with EU consumer rules.

Employment in EU better than expected in 2017 12 February 2018, 17:47 CET
Backed by robust economic growth, employment in the EU continued to rise more strongly than expected in the third quarter of 2017, while unemployment figures declined further according to new figures.

MEPs call on Turkey to lift state of emergency, denounce arrests 08 February 2018, 18:30 CET
MEPs denounced Thursday the arrests by the Turkish government as it attempts to censor criticism over its military assault of Afrin, and expressed serious concern about its humanitarian consequences.

EU slaps anti-dumping duties on Chinese corrosion resistant steel 08 February 2018, 18:30 CET
The EU Commission imposed definitive anti-dumping duties on corrosion resistant steel from China Thursday, after a probe confirmed that Chinese producers were dumping the product on the EU market.

Euro economy shows robust growth as forecasts revised upwards 08 February 2018, 16:47 CET
Growth rates for the eurozone and the EU beat expectations last year as the transition from economic recovery to expansion continues, according to Wednesday's EU Winter Interim Economic Forecast.

Electricity backup systems given EC green light 08 February 2018, 14:33 CET
The European Commission approved Wednesday under EU State aid rules six electricity capacity mechanisms in Belgium, France, Germany, Greece, Italy and Poland, to safeguard security of electricity supply.

Louboutin loses 'red sole' case in EU's top Court 08 February 2018, 14:30 CET
A trade mark combining colour and shape may be refused or declared invalid on the grounds set out under EU trade mark law, the advocate-general of the EU's top Court declared Wednesday.

Size of Euro-Parliament to shrink after Brexit 07 February 2018, 18:19 CET
The European Parliament should shrink from 751 to 705 MEPs when the UK leaves the EU, whilst leaving room for possible new countries joining in the future, following a vote by MEPs on Wednesday.

MEPs agree reform of EU emissions trading system 06 February 2018, 23:17 CET
Members of the European Parliament approved Tuesday a law to strengthen EU curbs on CO2 emissions from industry, with a view to delivering on pledges made under the Paris climate accord.

MEPs vote to end barriers to cross-border shopping 06 February 2018, 21:04 CET
The European Parliament ratified an agreement Tuesday to make it easier for consumers to buy from a website based in another EU country, without the obstacle of unjustified geo-blocking practices.

EU moves to upgrade Europe's drinking water 06 February 2018, 18:16 CET
The EU Commission proposed Thursday a revision of the EU Drinking Water Directive, in an effort to improve the quality and people's access to drinking water, as well as reduce consumer use of plastic.

Dual quality food testing procedure ready in April 06 February 2018, 18:16 CET
The common testing methodology for dual quality of food, developed by the EU's Joint-Research Centre, is to be ready in April, European Commissioner Vera Jourova announced on Friday.

EU enlargement door opens for Western Balkans 06 February 2018, 18:14 CET
The EU Commission set out a new strategy for the Western Balkans Tuesday, spelling out priorities and areas for closer cooperation, and areas for reform with a view to 'a credible enlargement perspective'.

Commission boost for European blockchain effort 05 February 2018, 22:58 CET
The Commission gave its backing Thursday to efforts to develop blockchain technology, with the launch of an EU Blockchain Observatory for a technology seen as an economy 'gamechanger'.

EU Court upholds air freight forwarding cartel fines 02 February 2018, 00:41 CET
The European Court of Justice upheld Thursday fines imposed by the Commission on a number of companies for their participation in cartels in the international air freight forwarding services sector.

EU credibility on tax avoidance undermined: MEPs 01 February 2018, 19:29 CET
Leading MEPs hit out at EU finance ministers Thursday for removing eight countries from the EU's blacklist of tax havens, saying it will hamper the fight against tax evasion and avoidance.

Funding deal secures future for EU Youth Orchestra 01 February 2018, 15:18 CET
EU ambassadors endorsed Wednesday a provisional agreement reached with the European Parliament on 25 January on future financing of the European Union Youth Orchestra.

EEA and Norway Grants Fund for Regional Cooperation-First call for proposals 31 January 2018, 23:32 CET
The Financial Mechanism Office (FMO) - the secretariat of the EEA and Norway Grants - has announced the first call for proposals for transnational projects under the new EEA and Norway Grants Fund for Regional Cooperation.

Brussels looks to boost health technology cooperation 31 January 2018, 23:00 CET
A proposal to boost cooperation amongst EU Member States for assessing health technology will boost innovation and improve the competitiveness of Europe's medical industry, says the Commission.

EU states endorse deal on energy efficient buildings 31 January 2018, 22:59 CET
EU states confirmed Wednesday a political agreement on the revised directive on the energy performance of buildings, to improve energy efficiency in buildings and encourage building renovation.

EU plans first 'Counterfeit and Piracy' watch list 31 January 2018, 19:33 CET
As part of EU plans for an intellectual property enforcement system, the European Commission launched Wednesday a public consultation to establish a first worldwide 'Counterfeit and Piracy' watch list.

EU Farm Council ends minimum intervention price for skimmed milk powder 29 January 2018, 23:52 CET
EU agriculture ministers intervened to stabilise dairy markets Monday with an amendment to the so-called Fixing regulation for public intervention to halt the automatic buying-in of skimmed milk powder.

France-Spain energy link receives EUR 578m EU funding 29 January 2018, 23:11 CET
EUR 578 m of EU money is to be channelled into a major electricity interconnection project between Spain and France, as part of the EU's Connecting Europe Facility infrastructure investment instrument.

EU27 agree negotiating stance on Brexit transition 29 January 2018, 23:07 CET
EU27 ministers adopted a new set of Brexit negotiating directives Monday, detailing their position on a transition period after Brexit, and allowing the EU Commission to start talks with the UK on the issue.