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European Commission

Brussels keeps debt rules lifted, but recommends fiscal prudence

The European Commission on Monday proposed to extend a moratorium on EU fiscal rules until the end of 2023, but kept the option to...

EU slashes growth, increases inflation forecast

The war in Ukraine pushed the European Commission to slash its annual growth expectation to 2.7% for both the EU and eurozone this year,...

EU Commission to end relaxed COVID-19 state aid scheme

The European Commission said on Thursday it will gradually put an end to the temporary rules that allowed the 27 EU member countries to...

EU Commission working on proposal for joint borrowing to help finance Ukraine

The European Commission is considering new joint debt issuance by the 27-nation bloc, two EU officials said, to cover Ukraine's liquidity gap of 15...

EU tweaks Russia oil sanctions plan in bid to win over reluctant states

The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to...

EU plans phased oil ban on Russia, also targeting more banks

The European Union's chief executive on Wednesday proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning Russia's...

EU to suspend tariffs on Ukraine imports for one year, Kyiv grateful

The European Commission proposed on Wednesday a one-year suspension of import duties on all Ukrainian goods not covered by an existing free trade deal...

EU ‘ready’ to set up fast-track trade routes for Ukraine

The European Commission is prepared to set up special trading routes between Poland and Ukraine to make sure food products and live animals can...

EU Commission to relax energy tax rules to fend off inflation

The European Commission will propose derogations to the bloc's existing energy taxation rules to protect households and businesses from inflation, Economy Commissioner Paolo Gentiloni...

EU loosens state aid rules for companies affected by sanctions on Russia

EU companies affected by sanctions imposed on Russia can get up to 400,000 euros in state support and compensation up to 30% of energy...