Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

Markets await Fed, BoE interest rate decisions this week - Euro currency news daily — 16 September 2024, 11:07 CET

Markets are anticipating a historic Federal Open Market Committee interest rate decision later this week from the US, with the central bank expected to cut interest rates for the first time since 2020.

EU sends first EUR 4.2 bn reconstruction payment to Ukraine — 16 August 2024, 23:25 CET

Ukraine is set to receive close to EUR 4.2 billion in funds after EU states gave the green light to the first regular payment of grants and loans under the EU's Ukraine Facility.

Brussels clarifies EU corporate sustainability reporting rules — 07 August 2024, 23:56 CET

The EU Commission published a set of frequently asked questions Wednesday designed to support stakeholders in implementing the EU's corporate sustainability reporting rules.

EBRD-EU launch EUR 100m equity investment facility for critical raw materials — 05 August 2024, 23:58 CET

The EU and the European Bank for Reconstruction and Development launched a joint facility Wednesday to provide equity investments for the exploration of critical and strategic raw materials.

EU countries produced 34.3 bn litres of beer in 2023 — 03 August 2024, 23:37 CET

Germany was Europe's top producer of beer in 2023, while the Netherlands was the top exporter of beer, and the United Kingdom the top destination for EU beer exports, the EU's statistics agency reports.

Brussels proposes one-year delay for Basel bank oversight rules — 31 July 2024, 01:07 CET

The European Commission proposed Wednesday to postpone by one year application of the market risk prudential requirements of the Basel III international regulatory framework for banks.

EU paves way for EUR 4.2 bn Ukraine support — 18 July 2024, 17:00 CET

The Commission gave a positive assessment Wednesday for the EU's first regular payment under the EU's Ukraine Facility to support the country's financial stability and public administration.

EU states agree 'realistic' EU Budget for 2025 — 18 July 2024, 00:00 CET

The EU Council reached agreement on the EU's 2025 draft budget Wednesday for an EU budget for next year amounting to EUR 191.53 billion in commitments and EUR 146.21 bn in payments.

Financial sector must wake up to risks linked to deforestation, says WWF — 17 July 2024, 23:48 CET

Central banks, financial regulators and supervisors must urgently put in place adequate measures to lessen the finance sector's significant contribution to global deforestation and ecosystem conversion, warns a new WWF guidance document.

EU population back on the increase in 2024 — 13 July 2024, 00:34 CET

After declines in 2020 and 2021 due to the impact of COVID-19, the EU’s population increased for the second consecutive year in 2023, from 447.6m on 1 January 2023 to 449.2m people on 1 January 2024.

Independent Science Based Taxonomy: A New Tool for Sustainable Finance — 12 July 2024, 12:17 CET

Categorising sustainable economic activities just became clearer. The Independent Science Based Taxonomy (ISBT) provides businesses, financial institutions and other stakeholders with a free tool that categorises economic activities while ensuring they are entirely backed by climate and environmental science.

EU to provide EUR 77m emergency aid to farmers — 10 July 2024, 19:08 CET

The EU responded to major climatic and market disturbances to the fruit, vegetables and wine sectors in Austria, Czechia, Poland, and Portugal with a programme of much-needed aid to farmers.

EUR 1.2 bn EU funding for W. Balkans infrastructure, entrepreneurship — 04 July 2024, 00:16 CET

The European Commission announced Tuesday the sixth investment package under the EU's Economic and Investment Plan for the Western Balkans expected to mobilise €1.2 billion in investments.

Bulgaria makes most progress on euro convergence — 30 June 2024, 19:31 CET

Bulgaria has fulfilled all but one of the conditions for adoption of the euro single currency, the European Commission found Wednesday, as it published its 2024 Convergence Report.

LNG energy measures in latest EU sanctions package against Russia — 25 June 2024, 19:09 CET

The EU adopted a 14th package of sanctions against Russia Monday, with new energy-related measures targeting liquified natural gas (LNG), and measures targeting vessels supporting Russia's war.

EU Spring Package focuses on competitiveness, recovery and resilience — 20 June 2024, 11:52 CET

The European Commission put forward its European Semester Spring Package Wednesday, with guidance to enhance the EU's competitiveness and resilience and maintain sound public finances.

Natural gas demand drops by 7.4% in 2023 — 29 May 2024, 00:12 CET

The EU's demand for natural gas fell by another 7.4 per cent in 2023, according to figures released Tuesday by the EU's statistics agency, to a total of 12.72 million terajoules.

EU agrees use of profits on Russian assets for Ukraine — 22 May 2024, 00:18 CET

As Russia continues its war of aggression against Ukraine, the EU adopted Tuesday a set of legal acts to use net profits from Russian sanctions for military support to Ukraine, as well as for reconstruction.

Q1 2024: bankruptcies in EU down, registrations up — 16 May 2024, 23:42 CET

The number of bankruptcy declarations of EU businesses decreased in the first quarter of 2024 by 0.8 per cent compared with the fourth quarter of 2023, EU statistics agency Eurostat reported Thursday.

EU economy set for gradual expansion, high risks remain — 16 May 2024, 18:18 CET

Following economic stagnation in 2023, better-than-expected growth at the start of 2024 and reductions in inflation set the scene for a gradual expansion of activity, the EU Commission said Wednesday in its Spring Forecast.

EU employment rate exceeds 75 pct in 2023 — 25 April 2024, 23:23 CET

More than 75 per cent of the EU's 20 to 64-year-olds were employed in 2023, according to figures released Thursday by Eurostat, the highest share recorded since the start of Eurostat's time series in 2009.

Green light for EU rules to combat money-laundering — 24 April 2024, 23:39 CET

The EU Parliament adopted a package of laws Wednesday to strengthen the EU’s fight against money-laundering and terrorist financing, including a new agency to oversee riskiest entities.

Oil import dependency at highest point in 2022 — 17 April 2024, 22:37 CET

EU import dependency for the entire family of crude oil and petroleum products surged to a new record high of 97.7% in 2022, according to figures published Tuesday from EU statistics agency Eurostat.

Brussels opens probes into two Chinese solar companies — 09 April 2024, 00:41 CET

The European Commission launched two probes Wednesday under foreign subsidies rules into the potentially market distortive role of foreign subsidies to bidders in a public procurement procedure.

Intel expects losses in contract manufacturing for years to come — 04 April 2024, 18:59 CET

The US chip manufacturer Intel expects years of losses in its contract manufacturing. Last year, the operating loss of the newly restructured division grew from $5.2bn to $7.0bn, as the company announced on Tuesday evening in Santa Clara, California.