Finance and Monetary Affairs in the EU

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

Consumer credit: EU Member States propose to prevent overindebtedness but fail to capture new forms of lending — 09 June 2022, 12:26 CET

EU Member States have just adopted their position on updated rules for consumer credit. This follows a strong European Commission proposal to modernise the bloc's outdated Consumer Credit Directive, which covers all types of credit, including peer-to-peer lending and deferred debit cards.

Brussels proposes EUR 185.6 bn EU Budget for recovery — 08 June 2022, 23:14 CET

Finance for green and digital investments, as well as recent and current crises, continue to head the priorities in the EU's EUR 185.6 billion Budget for 2023 proposed Wednesday by the EU Commission.

Draft annual budget 2023 - background guide — 08 June 2022, 22:56 CET

The European Commission proposed on 8 June an annual EU budget of EUR 185.6 billion for 2023, to be complemented by an estimated EUR 113.9 billion in grants under NextGenerationEU.

Croatia set to adopt euro on 1 January — 04 June 2022, 00:05 CET

Croatia is ready to adopt the euro on 1 January 2023, the European Commission concluded on Wednesday in a review of the country's preparedness to join the single currency area.

VAT in the Digital Age: Single VAT ID Registration Roundtable — 02 June 2022, 22:59 CET

Ecommerce Europe and EuroCommerce jointly held a hybrid roundtable in Brussels yesterday to discuss the upcoming ‘VAT in the Digital Age’ proposal and focus on the Single VAT Registration.

EU climate spending overstated: auditors — 01 June 2022, 23:04 CET

The EU missed a self-imposed target of spending at least 20 per cent of its 2014-2020 budget on climate action, according to a report published Monday by the European Court of Auditors.

European Commission's Convergence Report 2022 — 01 June 2022, 23:02 CET

The European Commission concluded on 1 June that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of euro area Member States to twenty.

Croatia and the euro — 01 June 2022, 22:46 CET

Croatia joined the European Union on 1 July 2013 and has been in ERM-II since 10 July 2020.

EU maps path away from Russian fossil fuels, Covid — 24 May 2022, 22:11 CET

The European Commission issued its spring semester package Monday, providing guidance for EU Member States' economies to break free from the impact of COVID and Russia's invasion of Ukraine.

European Semester 2022 Spring Package guide — 23 May 2022, 17:23 CET

The European Commission's 2022 European Semester Spring Package provides Member States with support and guidance two years on from the first impact of the COVID-19 pandemic and in the midst of Russia's ongoing invasion of Ukraine.

Russia's war with Ukraine hits EU growth outlook — 18 May 2022, 22:43 CET

The European Union downgraded its forecasts for economic growth Monday, as Russia's invasion of Ukraine leads to a surge in energy prices and drives inflation to record highs.

Europe Cements Lead in Global IGaming Industry — 16 May 2022, 22:00 CET

Globally, one of the fastest-growing sectors within the entertainment industry is online gambling or iGaming, one that is already worth tens of billions of euros a year.

EU to bolster financial sector's defence against cyber-attacks — 12 May 2022, 22:48 CET

EU Parliament and Council provisionally agreed Tuesday to strengthen the IT security of Europe's financial sector, to ensure it can maintain resilient operations in any severe operational disruption.

EU consults on Payments Services Directive review — 10 May 2022, 23:23 CET

The European Commission launched a public consultation Tuesday to gather evidence for the revised Payment Services Directive review and to inform its work on open finance.

EU moves to regulate 'distortive' foreign subsidies — 09 May 2022, 23:06 CET

EU institutions adopted their position Thursday on a regulation on foreign subsidies distorting the internal market, aiming to ensure a level playing field for all companies operating in the market.

Renewed strategy for the outermost regions - guide — 06 May 2022, 00:08 CET

The European Commission adopted on 3 May a renewed Strategy for the most remote parts of the EU, the so-called outermost regions, aiming to unlock their potential through appropriate investment and reforms.

Apple 'restricted access to key payments technology' — 05 May 2022, 23:22 CET

The EU Commission informed Apple Tuesday of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices by limiting access to contactless payments technology.

EU stands ready to help rebuild Ukraine and its economy — 05 May 2022, 23:07 CET

The EU stands ready to help rebuild Ukraine after the war, Commission president Ursula von der Leyen said at a donor's conference Thursday, proposing the EU start working on an ambitious recovery package.

EU moves to suspend import duties for Ukraine exports — 03 May 2022, 23:38 CET

The Commission proposed Wednesday a one-year suspension of import duties on all Ukrainian exports to the EU, as well as anti-dumping and safeguard measures in place on Ukrainian steel exports.

Brussels proposes new measures to support fisheries sector — 14 April 2022, 23:52 CET

The European Commission proposed Thursday a package of additional crisis measures to support the EU fishery and aquaculture sectors in the context of Russia's invasion of Ukraine.

New EU sanctions hit Russian exports — 13 April 2022, 00:20 CET

In light of Russia's brutal war of aggression against Ukraine, and reported atrocities committed by Russian troops, the EU imposed Friday a fifth set of economic and individual sanctions against Russia.

Brussels proposes ban on Russian coal in new round of sanctions — 05 April 2022, 22:11 CET

As more gruesome pictures emerge from Ukrainian regions vacated by Russian troops, the EU Commission proposed Tuesday new sanctions on Russia's economy, including a ban on imports of Russian coal.

EU to clamp down on crypto assets' transfers — 04 April 2022, 20:43 CET

Transfers of crypto assets would need to be traced and identified under new rules to prevent their use in money laundering and terrorist financing, a European Parliament committee voted Thursday.

EU reaches draft agreement on funding of European political parties — 23 March 2022, 22:27 CET

EU ministers reached a provisional political agreement Tuesday on a recast of the regulation on the statute and funding of European political parties and European political foundations.

New PEPP European pension plan takes effect — 22 March 2022, 22:48 CET

A pan-European personal pension product ('PEPP') Regulation started to apply Tuesday, paving the way for a new voluntary EU-wide scheme for people to save for their retirement.