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European Union

EU plans three-year extension to euro clearing in London

The European Union will extend permission for banks in the bloc to continue using clearing houses in London for a further three years from...

Romania sees biggest daily jump in COVID-19 cases in three months

Romania reported 16,760 new cases of COVID-19 on Tuesday, more than double on the day and the biggest single-day rise since October, as the...

France urges EU to adopt global minimum tax in coming weeks

French Finance Minister Bruno Le Maire said the European Union must adopt new rules for a global minimum corporate tax of 15% in the...

EU prepares to cut billions in funds to anti-democratic members

The European Union may move in a matter of weeks to punish countries that don’t uphold the bloc’s democratic standards by withholding emergency pandemic...

Romanian minister says EU funds to drive green energy surge

European Union support schemes will drive a surge in renewable energy projects in Romania to replace outdated coal-fired power plants and help the country...

EU Defends airline slot rules over Lufthansa ghost flights row

The European Union defended its airport slots rule following complaints by some airlines including Deutsche Lufthansa AG that the requirement forces it to fly...

EU will demand Poland to pay fine for disciplining judges

The European Union executive is set to demand that Poland pay around 70 million euros of fines for failing to scrap a contentious system...

PM Ciuca argues Romania should produce, not import green technologies

The Romanian Government discussed on Monday, how can it best use the EUR 16 bln that the country can get from the European Union...

EU replaces Southern Africa travel ban with testing requirements

European Union member states have agreed to lift the air travel ban on southern African countries, which will allow more travel to resume, according...

Romania’s trade gap increases 30% y/y in Jan-Nov

Romania’s National Institute for Statistics (INS) announced on Monday that the country's trade deficit rose by €4.92bln year-on-year in the first eleven months of 2021 to...