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Inflation across the eurozone reaches new all-time high of 8.9%
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Euro reaches parity with dollar for the first time in 20 years
The value of the common currency has plunged since Russia launched the invasion of Ukraine.
Inflation in the eurozone reaches new record high of 8.6%
Soaring energy prices are still the main driver behind inflation, but fresh food is also becoming more expensive.
Hungary blocks EU deal on 15% minimum corporate tax
Budapest argues the new tax would deal a "low blow" for European competitiveness and put jobs at risk.
Eurozone to get its first interest rate hike in 11 years next month
The European Central Bank will hike interest rates in July in a bid to tame inflation.
Mixed fortunes as three European economies reveal post-Ukraine invasion GDP
It's good news for some and bad for others as France, Italy and Switzerland published GDP growth figures today.
Ukraine war is 'a wake-up call' for faster transition to green energy
"No country controls the wind and the sun. Let’s make sure that this is the last time that the global economy is held hostage to the hostile actions of those who produce fossil fuels."
Explained: Just how dependent is the EU on Russian oil?
The bloc gets over 25% of its oil from Russia through a vast network of ports and pipelines.
After coal, the EU faces an uphill battle to ban Russian oil and gas
As EU countries agree to ban Russian coal, all eyes turn to oil and gas, Moscow's most profitable exports.
Watch: Spain & Netherlands strike surprising alliance on fiscal reform
The two countries want the EU fiscal rules to become more simple, transparent and realistic.
As the war in Ukraine rages on, Europe braces itself for stagflation
The war in Ukraine has sent inflation in the eurozone soaring, threatening the post-pandemic recovery.
Ukraine war pushes eurozone's inflation to a record 7.5%
Energy prices are once again the main drivers behind soaring inflation, recording a 44.7% rise on an annual basis.
EU relaxes state aid rules for companies impacted by war in Ukraine
Brussels first relaxed its strict state aid rules to mitigate the economic impact of COVID-19. Now it's doing it again because of Russia's invasion of Ukraine.
Public health key priority for EU citizens, reveals poll
The survey was carried out between November and December last year.
EU agriculture reforms clear final hurdle, but doubts still remain
On Thursday the European Council rubberstamped the Common Agricultural Policy (CAP) reforms legislation, which will come into force on January 1, 2023.
Brussels urges caution despite strong economic growth forecasts
The EU Commissioner for the Economy Paolo Gentiloni delivered the European Semester Autumn Package on Wednesday. While he insisted that the worst is behind us, he still warned against the possible negative effects of the pandemic on the economy.
EU parliament gives green light to agricultural reforms
MEPs voted overwhelmingly in favour of changes to the bloc's Common Agricultural Policy (CAP).
Eurozone inflation hits 13-year high amid persistent energy crunch
Prices across the eurozone rose by 4.1% in October, up from 3.4% in September.
Strict or flexible? Brussels kicks off debate to reform fiscal rules
The European Commission is calling for a gradual reduction of public debt but estimates the green transition will need €650 billion in annual investments until 2030.
Vaccines and lifting of restrictions speed up EU's economic recovery
Both the EU and the eurozone are set to expand by 4.8% in 2021, with 12 member states already offsetting all their economic losses this year.
OECD: Much of Europe to take three years to recover from pandemic
Many of Europe’s economies are expected to take nearly three years to recover to pre-pandemic levels, despite global prospects improving as countries open up and roll out vaccination programmes.
EU economy set to grow faster than expected thanks to vaccination
The European Commission estimates that this year the EU and the eurozone will grow by 4.2% and 4.3%, respectively.
Brussels wants to cut down EU's dependence on key imports
The European Commission has identified 137 products in strategic sectors, like healthcare and high tech, where the EU is highly dependent on imports.
Europe’s economy slid back into recession as US roared ahead
The European economy officially entered a double-dip recession in the first quarter of the year, as the continent paid the price for slow vaccine rollouts and extended lockdowns.
state of the union
Europe's week: Orban leaves the EPP, as Brexit makes a dramatic return
While Hungarian Prime Minister Viktor Orban left the EPP Group after it changed its internal rules, MEPs delayed a decision on when to vote on the Brexit deal.
Eurozone's rising debt 'likely to equal its GDP for first time'
The 100% debt-to-GDP ratio will be the legacy of the huge borrowing undertaken to cushion the impact of the coronavirus lockdowns.
Economic forecast: Some EU countries will recover in 2021, others must wait until 2022
Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021.