The US dollar appears to be struggling in the global market. Given this decline in the most widely used currency in international trade, the President of the European Central Bank, Christine Lagarde, urged the bloc's governments to strengthen the economic foundations of the euro.
In her speech in…
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European Union
Eurozone inflation surpasses expectations
In September, eurozone inflation exceeded analysts' projections, closing the month with a 2.2 % increase. This trend was driven by rising prices for goods and services, particularly energy costs.
According to the European Central Bank…
EU imposes multi-million-dollar fine on Google
The European Union imposed a €2.9 billion fine on the US technology company. The charges against Google include violating regional competition rules and favoring its own digital advertising services.
"The European Commission also ordered…
European Union suspends tariff countermeasures against the US for six months
The US president had announced a package of 30 % tariffs on imports of European Union products starting August 1.
Following the agreement reached between the parties, it was learned that the EU will pause for six months "the two packages…
The United States and the EU signed a mutually beneficial trade agreement
The United States and the European Union signed a trade agreement on a unified 14 % tariff to be applied to most sectors, including automotive, semiconductors, and pharmaceuticals.
"According to the EU, this unified tariff provides greater…
Germany requests a cyberattack protection law
Germany wants to make the protection of important equipment and companies against cyberattacks a law, and has therefore submitted the corresponding request to the European Union.
According to Claudia Plattner, President of the Federal…
EU ministers voted for Bulgaria’s entry on the Eurozone in 2026
Bulgaria will become a member of the European Union on January 1, 2026, following a rigorous process that culminated in the approval of the Eurozone's Economy and Finance Ministers.
With this decision, the country becomes the 21st member…
Mercosur optimistic about signing free trade agreement with the EU
Mercosur representatives held a meeting in Buenos Aires, Argentina, on Thursday, July 3, and signed an agreement with the European Free Trade Association (EFTA) as a further step toward signing the Free Trade Agreement with the European…
Pension payments remain a challenge for EU countries
When they reach retirement age, workers become dependent on the income represented by their pension. In the European Union countries, the highest allowance is in Luxembourg, where retirees receive €31,385. The lowest is in Bulgaria, where…
EU car manufacturers have until 2027 to meet CO2 reduction target
The proposal launched in March by European Commission President Ursula von der Leyen to extend the deadline for car manufacturers to meet their annual CO2 reduction target was recently accepted by the EU-27, which set the deadline for 2027.…
EU-China bilateral summit to be held in China
The EU-China bilateral summit could be held in China in the second half of July to commemorate the 50th anniversary of diplomatic relations.
This was stated by a spokesperson for the President of the European Council, António Acosta, when…
EU fined 15 major automakers for collusion in recycling of used units
A total of 15 automakers in Europe are subject to fines amounting to €458 million for collusion in recycling of used units.
There is talk of a cartel in which Stellantis, Mitsubishi, Ford, BMW, Hyundai/Kia, Jaguar Land Rover/Tata, Mazda,…