Category: luxtimes.lu

Ukrainian Foreign Minister Andrii Sybiha accused Hungary of unlawfully detaining seven employees of its state-owned Oschadbank in Budapest, the latest in a series of disputes between the neighbouring states. The Ukrainian citizens were stopped as they were taking two vehicles carrying cash between Austria and Ukraine “as part of regular services between state banks,” Sybiha […]

The European Investment Bank (EIB) plans to pump more money into a fund backing companies developing new defence technologies as the EU pushes to become more independent and competitive, the Luxembourg-based EU institution’s chief said Tuesday. EIB President Nadia Calviño opened the bank’s annual conference in Luxembourg outlining its plans for this year. Its projects include […]

The prime ministers of five European Union countries have called on the European Commission to act on a citizen-led initiative seeking funding to support access to abortion across the bloc. “No individual should be forced to carry a pregnancy against their will due to legal, financial, geographical, or broader socio-economic barriers that undermine equal access […]

German Finance Minister Lars Klingbeil said Germany sees no need to revise its stance on common European debt, backing Chancellor Friedrich Merz in opposing recent calls for more joint borrowing. “There are currently sufficient funds available,” Klingbeil said in an interview with Frankfurter Allgemeine Zeitung published on Sunday. “I don’t see any need for the […]

Luxembourg’s love affair with cars continues, with the country boasting the second-highest rate of cars relative to population anywhere in the EU in 2024, according to data published on Friday by the bloc’s official statistics agency Eurostat. Only Italy, with 701 cars per 1,000 inhabitants in 2024, had a higher rate of car ownership than […]

Bank of France Governor François Villeroy de Galhau said his successor must be independent and committed to Europe after his early resignation gave President Emmanuel Macron a surprise opportunity to pick the next central bank chief. “Competence is of course necessary, and the independence that underpins credibility and expertise, and independence has several dimensions,” Villeroy […]

“In light of recent geopolitical events in our current geopolitical context, there are risks that the international financial and monetary system is being used as a political tool,” said Greek Finance Minister Kyriakos Pierrakakis, who chairs the meetings of his euro-area peers. “It is thus existential for us to safeguard the international role of the […]

The planned reform of the European Union’s carbon market should involve a slower annual pace of emissions reductions for industries from chemicals to cement, according to a member of the biggest political group in the bloc’s parliament. Peter Liese, a German lawmaker of the European People’s Party and its lead on environmental issues, said his […]

The European Central Bank will assess the effects of the euro’s recent rally on consumer-price growth in its quarterly forecasts due in March, but recent moves have been rather limited, Executive Board member Piero Cipollone told Cyprus News Agency. Officials consider the exchange rate as one element “to project inflation dynamics,” the Italian policymaker said, […]