The economic crisis caused by the coronavirus is also threatening the aviation industry. While Boeing's production of commercial aircraft is virtually at a standstill, Airbus intends to downsize production. EURACTIV's partner La Tribune reports.
EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.
European leaders battling a deadly coronavirus outbreak are facing the "biggest test" to their union, Germany's leader said Monday (6 April), as the United States braced for what authorities warned would be its hardest week in living memory.
More than 400 founders and leaders of Belgian start-ups have launched a call on the country's federal and regional governments to support startups and scaleups with additional government aid to avoid their decline during and after the coronavirus pande...
In the face of the ongoing crisis, European Parliament lawmakers must make it clear that negotiations for the EU’s long-term budget are starting at 2% of GDP and will not go below 1.5%, and that the EU budget for 2020 will be at least 2% of the Union's GDP, writes MEP Radan Kanev.
Ukrainian lawmakers voted on Tuesday (31 March) to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund.
The head of the European Commission warned Wednesday (25 March) that the economic aftermath of the coronavirus could leave strategic private sector firms exposed to foreign takeovers.
The death toll from an outbreak of coronavirus in Italy was of 602 on Monday (23 March), the smallest increase for four days, while the number of new cases also slowed, raising hope that the most aggressive phase of the epidemic may be passing.
Eurogroup chief Mario Centeno warned on Monday (16 March) that under the coronavirus outbreak the European economy is experiencing the equivalent of a war, and that a long struggle lies ahead. “We know the virus hasn’t reached its peak. We...
The coronavirus pandemic will plunge the European Union into recession this year, the EU’s internal market Commissioner Thierry Breton said, estimating the bloc’s economy risked a 2-2.5% hit.