In the latest concession to European farmers, the 27 EU member states have decided to impose stricter tariff rules on imported Ukrainian agricultural products. European farmers, who protested in Brussels again this week, were angry about unfair competition resulting from cheap imports.
A leading German economic research institute has significantly lowered its economic forecast for Europe’s largest economy in the coming year.
The EU leaders’ decision to initiate negotiation talks with Bosnia and Herzegovina (BiH) marked a historic moment for the country. Seen as a political move amid shifting geopolitics, particularly after Ukraine was granted candidate status for EU membership, Bosnia still faces many hurdles on its path to EU accession.
The European Commission has continued to block German airline Lufthansa’s plans to acquire a minority stake in Italian airline ITA. The EU’s competition watchdog warns of negative effects for consumers due to reduced competition.
EU leaders in the eurozone expect falling inflation to bring an economic recovery but acknowledged “economic activity is subdued in the near term” in a statement on Friday.