european-commission
Top StoriesEU Plan to Curb Gas Use Faces Opposition From Countries
Top StoriesEU Asks Countries to Cut Gas Demand by 15% Until Spring
Top StoriesEU Says Full Russian Gas Halt Would Slash GDP
Top StoriesEU Executive Proposes Import Ban on Russian Gold, Tweaks on Food Trade
Amazon Acts to End EU Antitrust Investigations, Avoid Fine
Date: July 14, 2022
By Foo Yun Chee BRUSSELS (Reuters) -Amazon has offered to halt online selling and marketing practices EU antitrust regulators regard as anti-competitive to try to end two investigations and avoid a possible hefty fine, ahead of EU rules that will target such methods from next year. The European Commission in 2020 charged Amazon with using...
Lithuania to Keep Kaliningrad Trade Restrictions While Working Out New Rules
Date: July 14, 2022
By Andrius Sytas VILNIUS (Reuters) -European Union member Lithuania will keep restrictions on trade flows to the Russian enclave of Kaliningrad while it works out new rules, Prime Minister Ingrida Simonyte said on Thursday. The European Commission said on Wednesday that sanctioned Russian goods could transit through the bloc’s territory by rail to the enclave,...
EU Cuts Euro Zone Growth Forecasts, Revises up Inflation Outlook
Date: July 14, 2022
By Francesco Guarascio BRUSSELS (Reuters) -The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine. In its quarterly forecasts, Brussels confirmed its more downbeat outlook, which it had...
EU to Urge Countries to Curb Gas Use to Buffer Against Russian Cuts
Date: July 13, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Union will encourage member countries to cut gas demand by incentivising industries to use less, in a bid to prepare for possible further cuts to Russian supply, according to a draft plan seen by Reuters. Brussels is bracing for potential further cuts to Russian gas deliveries, a...
‘Amazing Journey’: EU Accepts Croatia as 20th Euro Zone Member
Date: July 12, 2022
By Philip Blenkinsop BRUSSELS (Reuters) -European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of an “amazing journey” for a Balkan nation once at war. European Commission Vice President Valdis Dombrovskis said Croatia’s accession confirmed...
Spanish Gas Grid Operator Enagas Aims to Invest $4.7 Billion by 2030
Date: July 12, 2022
MADRID (Reuters) -Spanish gas grid operator Enagas said on Tuesday it expects to invest 4.76 billion euros ($4.77 billion) by 2030 on projects to ensure security of energy supply and decarbonisation. Under its strategic plan to 2030, the company aims to spend nearly 2.8 billion euros on projects including gas infrastructure, renewable hydrogen and biomethane...