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Business news and information from the European Union

Commission and Bill Gates launch EUR 100m clean energy investment fund 19 October 2018, 00:22 CET
The EU and Breakthrough Energy signed an agreement Wednesday to set up an investment fund to help innovative European companies develop and bring new clean energy technologies to the market.

MEPs look to boost workers' rights in the gig economy 19 October 2018, 00:21 CET
New rules on minimum rights for workers in on-demand, voucher-based or platform employment, such as Uber or Deliveroo, were approved by a European Parliament committee on Thursday.

EU leaders ready to extend Brexit transition period 18 October 2018, 22:51 CET
EU leaders at a summit in Brussels to review progress on Brexit talks declared their readiness Thursday to consider any British proposal to extend the two-year transition period once the UK leaves the EU.

Family cop-out no excuse for copyright infringement: EU Court 18 October 2018, 18:11 CET
Blaming another family member for illegal file-sharing does not exonerate the owner of an internet connection used for copyright infringements through file-sharing, the EU Court ruled on Thursday.

EU-Vietnam trade deal ready for signing, says Brussels 18 October 2018, 00:42 CET
The EU Commission adopted the EU-Vietnam trade and investment agreements Wednesday, paving the way for their signature and reflecting EU will to put such trade deals in place as soon as possible.

Free ticket for 18-yr-olds in EU to discover Europe 18 October 2018, 00:14 CET
Following the success of the first round of DiscoverEU, the Commission announced Wednesday it will launch a second competition for free tickets for students to travel around Europe on 29 November.

EU makes progress in fight against travel document fraud 17 October 2018, 23:46 CET
The EU Commission took stock of measures to combat identity fraud Tuesday, implemented under a 2016 action plan to improve security of travel documents as part of the fight against terrorism.

Ministers agree 2019 fishing quotas for Baltic Sea 17 October 2018, 23:44 CET
After day-long talks, EU fisheries ministers agreed Monday on next year's total allowable catches (TACs) and member states' quotas for the ten commercially most important fish stocks in the Baltic Sea.

Green light for Singapore-EU trade deal 16 October 2018, 18:25 CET
EU Member States authorised Tuesday the signature and conclusion of the trade and investment agreements between the EU and Singapore, as well as a partnership and cooperation agreement.

Brussels boost for European battery industry 16 October 2018, 18:23 CET
The EU Commission claimed progress Monday in efforts to establish the EU as a lead player in battery innovation and manufacturing, as it struggles to catch up with China with plans for clean energy transition.

Ministers reach political agreement on business restructuring rules 14 October 2018, 23:45 CET
A new approach to business insolvency in Europe, agreed Thursday by EU justice ministers, will help companies in financial difficulties to restructure early on to prevent bankruptcy and avoid laying off staff.

Clearer fuel pump labels appear across Europe 14 October 2018, 23:45 CET
A new harmonised set of fuel labels took off across Europe on 12 October, with the aim of giving drivers better information on the suitability of fuels for their vehicles wherever they travel in the EU.

EU Council agrees on new emissions targets for cars and vans 11 October 2018, 21:24 CET
EU environment ministers reached agreement Wednesday on a proposed regulation to set stricter CO2 emission standards for new passenger cars and light commercial vehicles.

MEPs back EU ban on single-use plastics from 2021 11 October 2018, 21:24 CET
Single-use plastic items such as plates, cutlery or cotton buds, making up over 70% of marine litter, will be banned under plans backed Wednesday in the EU Parliament's environment committee.

EU urged to step up climate action after UN report 08 October 2018, 23:25 CET
Environmental groups urged the EU to take urgent action over climate change Monday, following the release of the Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5°C.

Brussels okays Slovakia state aid to Jaguar Land Rover 05 October 2018, 00:17 CET
The EU Commission gave its approval Thursday to Slovakia's EUR 125 million investment aid to Jaguar Land Rover, saying it is in line with EU State aid rules, and will not unduly distort competition.

ECB bonds purchase valid, says EU Court adviser 04 October 2018, 23:10 CET
The decision of the European Central Bank to establish a programme for the purchase of government bonds on secondary markets is valid, in the Opinion of the top EU Court's Advocate-General.

MEPs vote to raise CO2 emissions targets for cars 04 October 2018, 18:24 CET
Market uptake of electric and low- emission cars would be expected to accelerate following a vote Wednesday by the European Parliament to lower CO2 emissions by 20% by 2025, and 40% by 2030.

Boost for joint European assessment of medicines 04 October 2018, 18:23 CET
A new law adopted by the European Parliament on Wednesday aims to avoid duplicating national assessments to determine a medicine's added value that help EU countries decide on pricing.

EU finance ministers agree lower VAT for e-publications 04 October 2018, 18:23 CET
Ministers agreed to allow EU states to apply reduced, 'super-reduced' or zero VAT rates to electronic publications Tuesday, thereby allowing alignment of VAT rules for electronic and physical publications.

MEPs vote for 30 pct European content for on-demand TV 03 October 2018, 23:15 CET
Members of the European Parliament voted Tuesday on updated rules on audiovisual media services, protecting children better, with stricter rules on advertising, and 30% European content in video-on-demand.

MEPs look to protect farmers against unfair trading practices 02 October 2018, 23:47 CET
New rules to protect farmers against buyers’ unfair trading practices, approved Monday by the EU Parliament's agriculture committee, have been criticised as a witch hunt against retailers and wholesalers.

Ministers make progress on VAT reform and fight against fraud 02 October 2018, 23:46 CET
EU finance ministers agreed Tuesday on new rules to exchange more information and boost cooperation on criminal VAT fraud, as well as measures to cut VAT compliance burdens for companies.

Ministers give backing to European supercomputer project 02 October 2018, 15:57 CET
Research ministers gave their backing Friday to the setting up of a new European joint undertaking with the aim of overseeing the pooling of resources into high-performance computing.

31m fake goods seized at EU borders in 2017 01 October 2018, 22:57 CET
Customs authorities detained over 31 million fake and counterfeit products at the EU's external border with a street value of over EUR 580m, according to figures released Thursday by the EU Commission.