Latest News

European Commission clears €1 billion capital boost for Romania's investment and development bank

European Commission clears €1 billion capital boost for Romania's investment and development bank European Commission clears €1 billion capital boost for Romania's investment and development bank
The European Commission has approved Romania's plans to strengthen its national investment and development bank, Banca de Investiții și Dezvoltare...
Read More...

Seven detained in terror probe over Liège synagogue blast

Seven detained in terror probe over Liège synagogue blast Seven detained in terror probe over Liège synagogue blast
  Belgian authorities have arrested seven people following a series of house searches linked to the investigation into the explosion that...
Read More...

EU unveils €10 billion boost for Ukraine's defence and reconstruction at Recovery Conference

EU unveils €10 billion boost for Ukraine's defence and reconstruction at Recovery Conference EU unveils €10 billion boost for Ukraine's defence and reconstruction at Recovery Conference
  The European Union announced a major package of financial support for Ukraine's defence, recovery and reconstruction at the Ukraine Recovery...
Read More...

EU residential building construction prices up 48% since 2015

EU residential building construction prices up 48% since 2015 EU residential building construction prices up 48% since 2015


The cost of constructing new residential buildings across the European Union has increased by 48.2% since 2015, according to data...
Read More...

EU moves to bolster Europol and Eurojust in crackdown on cross-border crime and terrorism

EU moves to bolster Europol and Eurojust in crackdown on cross-border crime and terrorism EU moves to bolster Europol and Eurojust in crackdown on cross-border crime and terrorism
  The European Commission has unveiled a sweeping package of reforms aimed at strengthening the European Union's ability to combat organised...
Read More...

EU releases €846 million to Spain as Brussels steps up support for Valencia flood recovery

EU releases €846 million to Spain as Brussels steps up support for Valencia flood recovery EU releases €846 million to Spain as Brussels steps up support for Valencia flood recovery
  The European Union has approved a fresh €846 million payment to Spain to help finance reconstruction efforts following the catastrophic...
Read More...

EU services sector energy use climbs slightly in 2024, driven by electricity and natural gas

EU services sector energy use climbs slightly in 2024, driven by electricity and natural gas EU services sector energy use climbs slightly in 2024, driven by electricity and natural gas
  Energy consumption in the European Union’s services sector rose modestly in 2024, reaching 4,971 petajoules (PJ), according to recent...
Read More...

Controversial draft bill on home raids for undocumented migrants faces broad institutional pushback

Controversial draft bill on home raids for undocumented migrants faces broad institutional pushback Controversial draft bill on home raids for undocumented migrants faces broad institutional pushback
  A draft legislative proposal that would enable authorities to enter private residences in order to detain undocumented migrants facing...
Read More...

EU greenlights €76 million German subsidy to bolster strategic semiconductor independence

EU greenlights €76 million German subsidy to bolster strategic semiconductor independence EU greenlights €76 million German subsidy to bolster strategic semiconductor independence
  The European Commission has approved €76 million in German state aid for QuantumDiamonds GmbH to establish a pioneering semiconductor...
Read More...

Must Read

Most Popular Stories

VIDEO AND audio news:

Features, views, analysis

business

Latest News

European Commission clears €1 billion capital boost for Romania's investment and development bank

European Commission clears €1 billion capital boost for Romania's investment and development bank European Commission clears €1 billion capital boost for Romania's investment and development bank
The European Commission has approved Romania's plans to strengthen its national investment and development bank, Banca de Investiții și Dezvoltare...
Read More...

Seven detained in terror probe over Liège synagogue blast

Seven detained in terror probe over Liège synagogue blast Seven detained in terror probe over Liège synagogue blast
  Belgian authorities have arrested seven people following a series of house searches linked to the investigation into the explosion that...
Read More...

EU unveils €10 billion boost for Ukraine's defence and reconstruction at Recovery Conference

EU unveils €10 billion boost for Ukraine's defence and reconstruction at Recovery Conference EU unveils €10 billion boost for Ukraine's defence and reconstruction at Recovery Conference
  The European Union announced a major package of financial support for Ukraine's defence, recovery and reconstruction at the Ukraine Recovery...
Read More...

EU residential building construction prices up 48% since 2015

EU residential building construction prices up 48% since 2015 EU residential building construction prices up 48% since 2015


The cost of constructing new residential buildings across the European Union has increased by 48.2% since 2015, according to data...
Read More...

EU moves to bolster Europol and Eurojust in crackdown on cross-border crime and terrorism

EU moves to bolster Europol and Eurojust in crackdown on cross-border crime and terrorism EU moves to bolster Europol and Eurojust in crackdown on cross-border crime and terrorism
  The European Commission has unveiled a sweeping package of reforms aimed at strengthening the European Union's ability to combat organised...
Read More...

EU releases €846 million to Spain as Brussels steps up support for Valencia flood recovery

EU releases €846 million to Spain as Brussels steps up support for Valencia flood recovery EU releases €846 million to Spain as Brussels steps up support for Valencia flood recovery
  The European Union has approved a fresh €846 million payment to Spain to help finance reconstruction efforts following the catastrophic...
Read More...

EU services sector energy use climbs slightly in 2024, driven by electricity and natural gas

EU services sector energy use climbs slightly in 2024, driven by electricity and natural gas EU services sector energy use climbs slightly in 2024, driven by electricity and natural gas
  Energy consumption in the European Union’s services sector rose modestly in 2024, reaching 4,971 petajoules (PJ), according to recent...
Read More...

Controversial draft bill on home raids for undocumented migrants faces broad institutional pushback

Controversial draft bill on home raids for undocumented migrants faces broad institutional pushback Controversial draft bill on home raids for undocumented migrants faces broad institutional pushback
  A draft legislative proposal that would enable authorities to enter private residences in order to detain undocumented migrants facing...
Read More...

EU greenlights €76 million German subsidy to bolster strategic semiconductor independence

EU greenlights €76 million German subsidy to bolster strategic semiconductor independence EU greenlights €76 million German subsidy to bolster strategic semiconductor independence
  The European Commission has approved €76 million in German state aid for QuantumDiamonds GmbH to establish a pioneering semiconductor...
Read More...

Must Read

Most Popular Stories

 

The European Commission has approved Austria’s fourth payment request under the EU’s Recovery and Resilience Facility, clearing the way for €325 million in funding tied to

reforms and investment projects under the bloc’s post-pandemic recovery programme, NextGenerationEU.

The Commission said Austria had successfully met the required nine milestones and eight targets linked to the payment request, which focuses on green transition measures, healthcare, education and innovation.

Among the flagship projects supported are the installation of 17,800 residential photovoltaic systems and subsidies for 2,767 zero-emission buses and 167 lorries. The programme has also financed green investments in 13,500 businesses.

Austria has further expanded its circular economy initiatives, supporting around 500,000 electronic device repairs, including 250,000 carried out through the country’s repair bonus scheme aimed at reducing electronic waste.

In healthcare and education, funding has been used to support 155 primary healthcare centres and distribute 240,000 laptops and tablets to schoolchildren. Investments have also been directed towards expanding early childhood education and care services.

The package also includes measures to strengthen research and innovation, including financing digital research infrastructure at universities, digitising cultural assets, and implementing Austria’s Research, Technology and Innovation Pact for 2027–2029, which sets funding priorities for the next three years.

The Commission has now forwarded its preliminary assessment to the Council’s Economic and Financial Committee, which has four weeks to issue its opinion before the payment can be formally approved.

Austria submitted the payment request on 24 March 2026. Its national recovery and resilience plan, financed through €3.96 billion in EU grants, includes reforms and investments aimed at accelerating climate and digital transition goals, including building decarbonisation, sustainable transport, rural broadband expansion and digital public services.

Once the latest payment is completed, Austria will have received €3.66 billion under the Recovery and Resilience Facility, equivalent to 92% of the country’s total allocation. According to the Commission, 89% of the milestones and targets in Austria’s recovery plan have now been fulfilled.

EU member states must complete all remaining reforms and investments under the facility by 31 August 2026 and submit final payment requests by the end of September 2026. Photo by Paasikivi, Wikimedia commons.