Finance and Monetary Affairs in the EU

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

French election deadlock creates a headwind for the euro - Euro currency news daily — 10 July 2024, 11:54 CET

Political paralysis continues in France with none of the main parties any closer to being able to form a government following France's snap election called last month by President Macron.

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.

54 pct of all EU deaths in 2021 due to circulatory diseases, cancer — 26 March 2024, 22:51 CET

There were 5.3 million deaths in the EU in 2021, according to figures from Eurostat, with the main causes of death across the EU being circulatory diseases, cancer and COVID-19.

Brussels selects 170 new projects for EUR 120m reform funding — 26 March 2024, 22:24 CET

The EU Commission selected a new round of 170 projects under its 'technical support' instrument Tuesday, to set up some 307 reforms to strengthen EU states' competitiveness and modernisation efforts.

2024 Technical Support Instrument - guide — 26 March 2024, 21:47 CET

The European Commission selected on 26 March a new round of 170 projects under the Technical Support Instrument (TSI), to support Member States to design and implement a total of 307 reforms in 2024, which will strengthen Member States' competitiveness, resilience, and modernisation.

MEPs edge towards mainstreaming responsible business conduct — 20 March 2024, 00:06 CET

Today, the European Parliament's Committee on Legal Affairs (JURI) approved the final agreement on the Corporate Sustainability Due Diligence Directive (CSDDD). The approved final text reflects the significant dilution that the EU Member States endorsed a few days earlier, breaking the agreement they themselves had reached with the Parliament in December.

59 pct of Europeans use social networks: Eurostat — 19 March 2024, 22:04 CET

59 per cent of the EU population took part in social networks such as Facebook, X, Instagram, Snapchat and TikTok in 2023, according to figures released Tuesday by the EU statistics agency.

Madrid region has highest life expectancy in EU — 16 March 2024, 00:31 CET

The region with the highest life expectancy at birth in the European Union in 2022 was the Spain's region of Comunidad de Madrid at 85.2 years, the EU's statistics agency Eurostat reported Thursday.

Global AI in cybersecurity market to skyrocket to USD 60.6bn by 2028 — 05 March 2024, 18:14 CET

The global market for AI in cybersecurity is poised to witness remarkable growth, surging from USD 22.4 billion in 2023 to a staggering USD 60.6 billion by 2028, according to a new report.

EU adopts 13th package of sanctions against Russia — 26 February 2024, 23:18 CET

Two years on from Russia's brutal invasion of Ukraine, the EU adopted Friday its thirteenth package of sanctions against Putin’s regime, those responsible for perpetuating its war and those lending it their support.

23 pct of EU enterprises engaged in online sales in 2022 — 26 February 2024, 23:17 CET

22.9 per cent of EU enterprises conducted sales online in 2022, according to figures released Monday by Eurostat, 0.1 per cent higher compared with 2021 and 6.5% higher that in 2012 (16.4%).

EU adopts instant 10-second payments regulation — 26 February 2024, 22:23 CET

The EU Council adopted Monday a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

EU-Russia trade remains at low levels — 22 February 2024, 23:59 CET

EU trade with Russia has been strongly affected by import and export restrictions imposed following Russia's invasion of Ukraine, dropping considerably below levels prior to the invasion, Eurostat reports.