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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.