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Business news and information from the European Union

Leuven is Europe's Capital of Innovation 2020
The city of Leuven in Belgium is the European Capital of Innovation 2020, in recognition of its excellent innovation concepts as well as its processes and governance models that enable ideas come to life.

Brussels to appeal Apple tax state aid case in Ireland
The EU Commission decided Friday to appeal a European Court of Justice judgement which annulled a 2016 EC decision finding that Ireland granted illegal State aid to Apple through selective tax breaks.

EUR 87.4 bn to support workers through COVID-19
The EU Council approved Friday financial support of EUR 87.4 bn to 16 Member States in the form of EU loans under SURE - a temporary EU instrument to mitigate unemployment risks during the COVID-19 crisis.

EU provisionally agrees to reduce Baltic fishing fleet
The EU Council and European Parliament provisionally agreed Tuesday on measures to support fishermen affected by difficult stocks situations in the Baltic Sea including scrapping vessels.

Record levels of cocaine in Europe: EU drugs agency
Increase in cocaine availability with seizures at a record high, a near doubling of heroin seizures and high availability of high purity drugs are the stand-out points of the European Drug Report published Tuesday.

Digitalisation of European industry lagging: EU auditors
Europe's industry is not fully benefiting from advanced technologies to innovate and remain competitive, EU auditors said Tuesday, with some countries still lacking national digitalisation strategies.

Brussels to improve workers' protection against cancer-causing chemicals
The EU Commission proposed a new revision of the Carcinogens and Mutagens Directive Tuesday, with new or revised limit values limiting workers' exposure to three important cancer-causing chemicals.

New Single European Sky proposal to cut aviation emissions up to 10 pct
The EU Commission put forward a proposal Tuesday to upgrade the Single European Sky regulatory framework, with more modern management of European airspace and more sustainable and efficient flightpaths.

Brussels revises guidelines for EU Emission Trading
The EU Commission adopted Monday revised guidelines for the EU Emission Trading System in the context of the system for greenhouse gas emission allowance trading post-2021 (the ‘ETS Guidelines').

EUIPO, EBAN agreement to empower SMEs
The EU Intellectual Property Office (EUIPO) and EBAN, the early-stage investors network, signed a collaboration agreement Monday to promote and encourage activities to support smaller businesses.

EU outlines measures to achieve new climate goal
The EU Commission set out details Thursday of its plan, announced by EC chief Ursula von der Leyen, to reduce EU greenhouse gas emissions by at least 55 per cent by 2030, compared to 1990 levels.

MEPs approve EUR 6.2 bn to tackle crisis, speed up vaccine deployment
The EU Parliament gave the go-ahead to an increase in the EU budget of EUR 6.2 billion Thursday, to improve the chances of an effective and safe vaccine, and to step up COVID-19-related cohesion funding.

EU launches EUR 1 billion call for green and digital transition
The European Commission launched Thursday a EUR 1 billion call for research and innovation projects that respond to the climate crisis and help protect Europe's unique ecosystems and biodiversity.

Europe needs to be a player, not a playing field, EU tells China
The EU needs a balanced relationship with China, EU president Charles Michel told Chinese president Xi Monday in a summit which underlined differences over human rights, climate and trade issues.

EU agrees interoperability for mobile tracing apps
EU Member States agreed Monday on a set of technical specifications to ensure a safe exchange of information between national contact tracing apps based on a decentralised architecture.

EU Commission to target 55 pct emissions reductions
EU Commission president Ursula Von der Leyen in her first state of the union speech announced an increase to the 2030 climate target, to 'at least 55%' emissions reductions, up from the previous 40% target.

Free emissions allowances must be better targeted: EU auditors
Free allowances under the EU's 'cap and trade' emissions trading system, distributed to industry, aviation and sometimes electricity sectors, were not well targeted, says an EU auditors' report.

EU signs geographical indications deal with China
The EU and China signed a bilateral agreement Monday to protect 100 European Geographical Indications in China and 100 Chinese GIs in the European Union against usurpation and imitation.

Brussels mulls regulatory action against fake news
Online platforms need to show more accountability, responsibility and transparency, the EU Commission said Thursday, as it presented its assessment of the effectiveness of the EU Code of Practice on Disinformation.

EU forecasts big increase in VAT gap due to coronavirus
Forecasts for 2020 VAT revenues to EU Member States show a potential loss in the region of EUR 164 billion due to effects of the coronavirus pandemic on the economy, as well as fraud and tax evasion.

EU aims for resilience with new foresight strategy
Resilience is the keyword of a new strategic policy direction outlined by the EU Commission Wednesday, pointing to more evidence-based strategic choices that are aimed at strong and lasting recovery.

Brussels prepares to implement EU-U.S.tariff cuts
The EU Commission published a proposal Tuesday for a regulation to scrap duties on certain imports from the United States to the EU, with the U.S. in return to reduce duties on certain EU exports to its market.

Poor environment causes one in eight deaths in Europe
Heatwaves, air and noise pollution contribute to 13 per cent of all deaths in Europe, according to a major assessment on health and environment released Tuesday the EU Environment Agency (EEA).

New raw materials strategy to lead Europe's green transition
A new raw materials strategy, proposed Thursday by the EU Commission, would reduce Europe's dependency on third countries, diversify supply and promote responsible sourcing worldwide.

New car type-approval rules in force across Europe
New EU type-approval rules for cars, which came into force across Europe on 1 August, significantly overhaul and tighten the previous type approval and market surveillance system.