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Business news and information from the European Union

MEPs raise targets for energy efficiency and renewables 18 January 2018, 16:10 CET
The EU Parliament signalled its readiness Wednesday to negotiate with ministers on binding targets to boost energy efficiency by 35% and the share of renewables in the total energy mix by 35%, by 2030.

Brussels proposes more flexibility over VAT rates 18 January 2018, 16:10 CET
The European Commission proposed Thursday new rules which would give EU Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish.

New initiative seeks to boost Europe's digital skills 18 January 2018, 00:14 CET
The EU Commission adopted Wednesday new initiatives to improve key and digital competences of European citizens and to promote common values and pupils' awareness of the functioning of the EU.

MEPs demand controls on cyber-surveillance tools 17 January 2018, 23:47 CET
EU export controls should be extended to cyber-surveillance tools to avoid human rights violations, MEPs said in a vote Wednesday, setting the Parliament's position for negotiations with EU ministers.

EU sets out strategy to tackle scourge of plastic waste 17 January 2018, 23:02 CET
The EU made a bid for leadership in the global battle against plastic waste Tuesday by setting out a bold strategy to get rid of the single-use plastics that pollute Europe's seas, rivers and countryside.

EDF must repay EUR 1.37 bn state aid: EU Court 16 January 2018, 23:47 CET
The EU Court of Justice upheld Tuesday a decision by the European Commission which ordered France to recover EUR 1.37 billion in the context of state aid granted to French energy giant EDF.

MEPs demand ban on pulse fishing 16 January 2018, 23:12 CET
Members of the European Parliament voting Tuesday on new EU rules on how, where and when fish can be caught, demanded in an amendment a ban on the use of pulsed electric current for fishing.

Revised rules to revolutionise EU payment services 16 January 2018, 18:23 CET
Cheaper, easier and safer electronic payments should result from the revised Payment Services Directive (PSD2), which applies as of 13 January, and aims to modernise Europe's online payment services.

EU mulls action to halt decline of pollinators 12 January 2018, 17:56 CET
The EU Commission launched a consultation Thursday on a European initiative to halt the decline of bees and other pollinators, warning that future generations would pay a heavy price if the EU fails to act.

EU looks to spend EUR 1bn on supercomputer plan 12 January 2018, 17:55 CET
The European Commission unveiled Thursday its plans to invest jointly with the EU's Member States up to EUR 1 billion in building a world-class European supercomputers infrastructure.

EU offers Iraq support towards more stable future 09 January 2018, 23:20 CET
EU foreign policy chief Federica Mogherini and the European Commission proposed Monday a strategy for Iraq to address the challenges the country faces following the territorial defeat of Da'esh.

Bulgaria EU presidency promises unity in face of Brexit 09 January 2018, 23:20 CET
"United We Stay Strong" is the motto of Bulgaria's presidency of the EU Council, which began 1 January 2018, and underlined the EU's focus on solidarity as pivotal to the EU's future in the face of Brexit.

EU Novel Food regulation applies from 1 January 04 January 2018, 00:06 CET
Significant improvements and changes to the novel food authorisation procedure are promised from the European Union's new Regulation on Novel Food which is applicable from 1 January 2018.

New EU rules against tax evasion, money laundering enter into force 03 January 2018, 23:37 CET
New rules which oblige EU Member States to give tax authorities access to data collected under anti-money laundering legislation entered into force on 1 January 2018.

EU begins action against Poland over independence of judiciary 24 December 2017, 12:57 CET
Despite repeated efforts to engage with Polish authorities over judicial independence, the European Commission concluded Wednesday that there is a clear risk of a serious breach of the rule of law in Poland.

EU moves to protect worker conditions 24 December 2017, 12:56 CET
With a renewed focus on social rights, the European Commission adopted on 22 December a proposal for a new Directive for more transparent and predictable working conditions across the EU.

Uber is a transport company, rules EU's top Court 20 December 2017, 23:09 CET
Uber's taxi service to connect customers with non-professional drivers is covered by services in the field of transport, and is liable to national regulation, the European Court of Justice ruled on Wednesday.

Talks set to remove barriers to free flow of data in Europe 20 December 2017, 23:07 CET
A draft proposal to allow non-personal data to move freely across borders, removing unjustified restrictions on the geographical location for storing and processing data, was agreed Wednesday by EU states.

Commission moves to strengthen product safety 20 December 2017, 17:59 CET
Legislative proposals tabled Tuesday by the EU Commission would make it easier for smaller companies to sell products across Europe, and strengthen national controls against the sale of unsafe products.

EU energy reforms disappoint critics 20 December 2017, 12:07 CET
Member States agreed four legislative proposals under the EU's Clean Energy Package Monday, mapping Europe's energy transition over the coming decade, but disappointing environmental groups.

Brussels opens probe into IKEA's tax affairs 20 December 2017, 12:06 CET
The EU Commission opened an in-depth investigation Monday into the Netherlands' tax treatment of Inter IKEA, one of the two groups operating the IKEA business, the world's largest furniture retailer.

EU reaches deal on energy performance of buildings 19 December 2017, 23:44 CET
The EU presidency secured provisional agreement with the European Parliament on new rules on the energy performance of buildings Tuesday, with final approval expected at the start of next year.

EU adopts track and trace system for tobacco 18 December 2017, 23:22 CET
The European Union took an important step forward in combating the illicit trade in tobacco products Friday with an EU-wide track and trace system to ensure tobacco products in the EU are easily traceable.

EU waste deal another step towards 'circular economy' 18 December 2017, 22:39 CET
The EU institutions reached a provisional agreement in the early hours of Monday morning on four legislative proposals of a 'waste package', representing another step in Europe's transition to a 'circular economy'.

European forests to help tackle climate change 14 December 2017, 23:59 CET
The European Parliament and Council reached a provisional agreement Thursday on plans to cut greenhouse gas emissions and boost absorption from forests as a way to tackle climate change.