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Euro area annual inflation was 0.7% in October 2013, down from 1.1% in September. A year earlier the rate was 2.5%. Monthly inflation was -0.1% in October 2013.
The European Commission today presented a major package of budgetary surveillance announcements, covering 13 euro area Member States and 3 non-euro Member States, with a special focus also on the euro area as an economic entity in its own right.
On 15 November the EU finance ministers discussed outstanding questions relating to the creation of the single resolution mechanism.
The new Cinema Communication allows aid for a wider scope of activities, highlights Member States' discretion in defining cultural activities worthy of support, introduces the possibility to give more aid to cross-border productions and promotes film heritage.
The European Globalisation Adjustment Fund (EGF) helped a total of 15 700 workers dismissed due to the economic crisis and the effects of globalisation find new job opportunities in 2012, according to a report today by the European Commission.
The biggest challenge now facing Europe's economy is how to sustain the recovery that is now underway.
On 11 November the Council and the European Parliament agreed on the 2014 EU budget and on the financing of € 400.5 million to redress damages from natural disasters in four member states.
The 7th EU-Republic of Korea summit, which took place in Brussels, celebrated 50 years of bilateral relations between the EU and South Korea. Leaders marked the occasion with the adoption of a joint declaration.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility will decrease to 0.25% and 0.75% respectively. The interest rate on the deposit facility will remain at 0.00%.
On the 26th September 2013, the General Court of the European Union delivered a ruling finding that the Commission failed to act on a GMO cultivation request which had been submitted twelve years ago in 2001. In line with this ruling, the Commission today acted by referring the cultivation request to the Council of Ministers.
In recent months, there have been encouraging signs that an economic recovery is underway in Europe. After contracting up to the first quarter of 2013, the European economy started to grow again in the second quarter and real GDP is set to continue growing in the remainder of this year.
As independent auditor, the ECA has signed off the 2012 accounts of the European Union, as it has done each year since the 2007 financial year. But in most spending areas of the EU budget the report finds that the legislation in force is still not fully complied with.
The European Commission adopted a proposal that requires Member States to reduce their use of lightweight plastic carrier bags. Member States can choose the measures they find most appropriate, including charges, national reduction targets or a ban under certain conditions.
The euro area seasonally-adjusted unemployment rate was 12.2% in September 2013, stable compared with August. The EU28 unemployment rate was 11%, also stable compared with August.
The Economic Sentiment Indicator increased by 0.9 points in the euro area and by 1.1 points in the EU. The Business Climate Indicator for the euro area continued the upward trend that started in May 2013. It increased by 0.18 points to 0.01.
This is the first of a new series of annual publications providing statistical analyses related to important European Commission policy frameworks or other phenomena in society.
At their meeting on 24-25 October 2013, EU leaders discussed the digital economy, economic and social policy, the Economic and Monetary Union, the Eastern Partnership and migration flows. They also issued a statement on recent developments concerning possible intelligence issues.
The EU should suspend its Terrorist Finance Tracking Program (TFTP) agreement with the US in response to the US National Security Agency's alleged tapping of EU citizens' bank data held by the Belgian company SWIFT, says a non-binding resolution voted by Parliament.
Parliament reversed the Council's proposed cuts in research and employment expenditure in 2014 in a plenary vote in Strasbourg. MEPs also reversed cuts in funding for international policy, such as humanitarian aid to the Middle East and Syrian refugees and added funds for the external border control agency Frontex.
A new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year, has been proposed by the Commission. The aim of this initiative is to slash red-tape for businesses, ease tax compliance and make tax administrations across the Union more efficient.