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EUROPEAN UNION

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EP President Metsola at EUCO: The Single Market is Europe’s greatest economic driver

Doubling down on the Single Market ensures Europe’s long-term competitiveness, prosperity and leadership on the global stage, said President Metsola at the Special European...

European Parliament approves key budgetary support for Ukraine, EU

The European Parliament on Tuesday approved long-term funding for Ukraine, the Strategic Technologies for Europe Platform (STEP), and associated major changes to the multi-year...

EU ski and snowboard production up by 37% in 2022; 45% were produced in Austria

In 2022, EU countries produced 4.8 million pairs of skis and snowboards, an increase of 37% when compared with 2021. Almost half of these items (2.2...

European Parliament wants to end impunity of reckless driving

Serious traffic offences, such as excessive speeding or drink driving, should lead to EU-wide driving disqualifications, said MEPs on Tuesday. Currently, if a driver loses...

Stopping greenwashing: how the EU regulates green claims

The EU aims to put an end to greenwashing, when companies claim to be greener than they are, and provide more information to consumers...

A new era for corporate taxation in the EU enters into force

Ground-breaking new EU rules come into effect in 2024 introducing a minimum rate of effective taxation of 15% for multinational companies active in EU...

EU residents held €9 382 billion in stocks abroad in 2022 – USA absorbed 28%, UK – 18%, Switzerland – 10%

Net foreign direct investment (FDI) stocks held in the rest of the world by investors resident in the EU amounted to €9 382 billion (bn) in 2022, reflecting a 1.4% decrease...

Driving disqualification in one EU country should be valid across EU

To make Europe’s roads safer Transport MEPs want driving disqualification decisions to apply in all EU member states and for more offences to trigger...

Germany, Baltics to collaborate on innovation to compete with China and other innovation giants

Germany will collaborate with Lithuania, Latvia and Estonia in the field of innovation through the new Innovation Club, an initiative launched by German Minister...

Eurostat: Business bankruptcies down, registrations up in Q3 2023

In the third quarter of 2023, the number of bankruptcy declarations of EU businesses decreased by 5.8% compared with the previous quarter. Overall, the number of...

EU will ban on third country entities from sponsoring political advertising in the three-month period before an election or referendum

EU co-legislators reached a provisional deal on new rules to make election and referenda campaigns more transparent and resistant to interference. The new rules will...

EU sees increase of tourist bed places in 2022

In 2022, the EU had an estimated total of 28.9 million bed places available across more than 620 000 tourist accommodation establishments. Data showed a complete recovery in terms...

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