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Business news and information from the European Union
- EU mulls update for mortgage credit directive — 23 November 2021, 18:35 CET
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The European Commission launched a public consultation on the Mortgage Credit Directive review Monday, seeking views on the functioning of, and possible improvements to the existing framework.
- Brussels outlines more adaptable EU competition policy — 23 November 2021, 18:35 CET
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The EU Commission adopted a Communication Thursday on a competition policy fit for new challenges, framing the key role of competition policy for Europe's path towards a 'green' recovery.
- EU institutions reach provisional deal on 2022 Budget — 22 November 2021, 22:55 CET
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EU ministers reached an informal agreement with the European Parliament on the 2022 EU budget late on Monday, setting total commitments at EUR 169.5 billion and payments at EUR 170.6 billion.
- Council welcomes new EU forest strategy for 2030 — 18 November 2021, 17:55 CET
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In their conclusions adopted Monday, EU farm ministers welcomed the Commission's new EU forest strategy for 2030 and recognised the need for forests to contribute more to Europe's 'Green Deal'.
- COP26 deal keeps alive 1.5C global warming target — 16 November 2021, 16:24 CET
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The COP26 UN Climate Conference came to an end in Glasgoqw Saturday with a deal to keep alive Paris' 1.5°C target but without a comprehensive package to support climate vulnerable countries.
- EU Court confirms Google EUR 2.42 bn antitrust fine — 14 November 2021, 16:07 CET
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The EU's General Court upheld Wednesday the EUR 2.42bn fine imposed on Google by the Commission in 2017 for abusing its market dominance to favour its own comparison shopping service.
- Virus uncertainty, energy prices threaten EU recovery — 14 November 2021, 16:03 CET
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Europe's economy is rebounding from the pandemic recession faster than expected, says an EU forecast Thursday, but faces uncertainty from surging energy prices and an increase in COVID cases.
- EU digital rules can be global 'game changer': Facebook whistleblower — 11 November 2021, 19:00 CET
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The EU’s future Digital Services Act can set the global standards in transparency, oversight and enforcement, Facebook whistleblower Frances Haugen told MEPs at a public hearing Monday.
- EU road charging reform to reduce CO2 emissions — 10 November 2021, 17:59 CET
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European Union ministers gave the green light Tuesday to stronger and wider road charging rules (the Eurovignette directive) to incentivise cleaner and more efficient transport operations.
- EU, United States agree steps to decarbonise steel — 09 November 2021, 16:26 CET
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The European Union and the United States agreed Sunday to suspend bilateral WTO disputes on steel and aluminium and start discussions on a Global Arrangement on Sustainable Steel and Aluminium.
- EU pledges EUR 1 bn to protect world forests — 09 November 2021, 16:25 CET
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Commission president Ursula von der Leyen announced a EUR 1 billion contribution to the Global Forests Finance Pledge at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow.
- MEPs strengthen EU-wide requirements against cyber threats — 04 November 2021, 18:18 CET
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A new draft law, agreed Thursday by a European Parliament committee, would set tighter cybersecurity obligations in terms of risk management, reporting obligations and information sharing.
- EU moves to strengthen banks' resilience — 01 November 2021, 18:01 CET
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The EU Commission said Wednesday its review of EU banking rules will ensure EU banks become more resilient to potential future economic shocks and contribute to Europe's recovery post-COVID.
- EU agrees provisional deal on use of hired lorries — 28 October 2021, 22:45 CET
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Negotiators from the EU Council and European Parliament reached a provisional agreement Tuesday on revised rules to ease current restrictions on the use of hired vehicles for goods transport.
- Renewables overtake fossil fuels as top EU power source — 28 October 2021, 22:45 CET
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Renewables overtook fossil fuels as the EU's leading power source for the first time in 2020, according to Tuesday's energy reports, generating 38% of electricity compared to 37% for fossil fuels.
- No EU money for gov'ts who undermine EU values, say MEPs — 23 October 2021, 23:23 CET
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EU money should be withheld from governments who 'flagrantly' undermine EU values, the European Parliament said Thursday, as MEPs condemned Poland for undermining the primacy of EU law.
- EU leaders search for solutions to soaring energy prices — 23 October 2021, 23:23 CET
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EU countries and the European Commission should urgently use the tools available to rein in surging energy prices, EU leaders affirmed Friday at the end of their two-day summit in Brussels.
- MEPs back plans for healthier and more sustainable food — 23 October 2021, 23:23 CET
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MEPs presented plans Wednesday for a revamp of the EU's food systems to produce healthier food, ensure food security, a fair income for farmers and reduce agriculture's environmental footprint.
- Euro-Parliament's Sakharov Prize goes to Alexei Navalny — 21 October 2021, 18:45 CET
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The European Parliament on Wednesday awarded Russian opposition politician and anti-corruption activist Alexei Navalny the European Parliament’s 2021 Sakharov Prize for Freedom of Thought.
- EU and Qatar sign aviation agreement — 20 October 2021, 22:48 CET
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The European Union and the State of Qatar signed a comprehensive air transport agreement Monday, upgrading rules and standards for flights between Qatar and the EU.
- EU's digital COVID certificate sets global standard — 20 October 2021, 22:40 CET
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More than 591 million EU Digital COVID Certificates - seen as a crucial part of Europe's response to the pandemic - have been generated, the EU said Monday in a report covering its implementation across the EU.
- Brussels adopts its work programme for 2022 — 20 October 2021, 22:38 CET
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The European Commission adopted its 2022 Work Programme Tuesday, setting out the next steps in an agenda for a post-COVID-19 Europe that is 'greener, fairer, more digital and more resilient'.
- EU 'toolbox' to tackle rising energy prices — 14 October 2021, 22:28 CET
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The EU Commission presented Wednesday a 'toolbox' of measures to help Europe's people and businesses tackle the exceptional rise in global energy prices, projected to last through the winter.
- Brussels funds innovative start-ups with EUR 363m — 14 October 2021, 22:26 CET
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65 innovative European start-ups and smaller businesses are to receive EUR 363 million of funding for breakthrough innovations, the EU announced Thursday, under its new 'innovation accelerator'.
- EU sets out new proposals to save NI Protocol — 14 October 2021, 22:14 CET
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The European Commission proposed Wednesday a number of bespoke arrangements to respond to the difficulties that people in Northern Ireland have been experiencing because of Brexit.