EU Finance Ministers at Ecofin approved recommendations for Italy, urging targeted spending on energy, debt control, and increased defense allocation.

EU Finance Ministers are expected to approve Hungary's revised national recovery plan at the ECOFIN meeting, which would unblock 10 billion euros in post-pandemic funds.

Eurogroup and ECOFIN meetings are taking place in Brussels, with Artificial Intelligence, digital finance, and Europe's technological sovereignty at the forefront of discussions.

Bulgarian Vice Prime Minister and Finance Minister Galab Donev addressed the ECOFIN Council, attributing the country's excessive budget deficit to international events and permanent expenditures committed by previous administrations. He pledged fiscal consolidation moving forward.

During an informal Ecofin meeting in Nicosia, Cyprus warned that Europe cannot afford complacency given current geopolitical instability, rising defense needs, and the imperative to strengthen the continent's competitiveness and resilience.

Finance ministers from across the European Union are convening in Nicosia, Cyprus, for an informal Ecofin meeting as part of Cyprus's presidency of the Council of the EU.

N. Papathanasis announced that Greece has successfully completed the loan component of the Recovery Fund with a 100% absorption rate. This achievement aligns with the plans approved by ECOFIN last December.

Cypriot Finance Minister Makis Keravnos chaired the Ecofin council meeting in Brussels, where he highlighted growing uncertainty in the European and global economy and focused discussions on its impact.

At the Eurogroup and ECOFIN meetings, Pierrakakis emphasized that Europe cannot constantly remain in crisis management mode and must transcend immediate crises. He called for common decisions and coordinated action on critical economic issues, setting aside national divisions.

During an ECOFIN meeting overshadowed by escalating tensions in the Middle East, Greek Minister of National Economy and Finance Kyriakos Pierrakakis emphasized the enormous cost of delays in integrating European markets.

Lithuanian Finance Minister Kristupas Vaitiekūnas will participate in the European Union's Economic and Financial Affairs Council (ECOFIN) meeting in Brussels, where discussions will focus on reducing bureaucracy within the EU financial market regulatory system.

The Ecofin Council in Brussels has approved the revised recovery and resilience plans for Cyprus, Lithuania, Finland, Luxembourg, Germany, Latvia, Slovenia, and the Netherlands, alongside Hungary’s new €10 billion plan.

Eurozone finance ministers have advised countries with high budget deficits to implement further reduction measures, ahead of the ECOFIN Council's decision on whether to launch an excessive deficit procedure against Bulgaria.

Cyprus Finance Minister Makis Keravnos is traveling to Brussels to participate in Eurogroup and ECOFIN Council meetings, where EU finance ministers will discuss fiscal policy, digital finance, and artificial intelligence.

Kostas Pierrakakis is in Luxembourg to attend the Eurogroup and ECOFIN meetings, where discussions will focus on energy and fiscal policy. These sessions are crucial for addressing key economic challenges facing Europe.

Romania has absorbed over 60% of its PNRR funds, and the EcoFin Council is expected to give final approval for the fourth payment request on Friday, June 5th, according to the Minister of Investments and European Projects.

The host of the ECOFIN meeting has issued a call for greater investment, indicating a focus on economic growth and financial stability discussions.

Kyriakos Pierrakakis, Minister of National Economy and Finance and President of the Eurogroup, is traveling to Nicosia to participate in Eurogroup and informal ECOFIN meetings, with housing and the economic impact of the Middle East crisis as central agenda items.

Συντονισμένη δράση στα κρίσιμα ζητήματα της οικονομίας, βάζοντας στην άκρη εθνικούς διαχωρισμούς και συμφέροντα, ζητεί ο πρόεδρος του Eurogroup και υπουργός Εθνικής Οικονομίας και Οικονομικών,…

The Italian government has postponed discussions on fuel excise duties and a housing plan, with the European Council (ECOFIN) urging caution on economic interventions due to an evolving situation.

Pierrakakis emphasized the international role of the euro as a strategic response to Europe's economic challenges during Eurogroup and ECOFIN meetings in Brussels.

Greek Economy Minister Kyriakos Pierrakakis stated at an ECOFIN meeting that Greece supports reaching an agreement on the unification and supervision of markets (MISP) by October.

K. Pierrakakis is in Brussels for the Eurogroup and ECOFIN meetings, where discussions will focus on Artificial Intelligence, digital finance, and technological sovereignty.

European Central Bank President Christine Lagarde is scheduled to attend next week's Ecofin meeting, stepping in for Boris Vujcic.

Cyprus business news covers updates in banking, shipping, space, and trade. The Cyprus Presidency of the Council of the EU advanced key transport and maritime files, discussing European shipping, ports, cleaner mobility, and supply chain resilience.

The Ecofin summit in Cyprus concluded with discussions on debt flexibility, revealing continued divisions among countries. Economic Commissioner Dombrovskys stated that an equilibrium between discipline and spending would be found.

Lithuania's Finance Minister Kristupas Vaitiekūnas expressed interest in deepening cooperation with Cyprus, particularly in the tourism and defence sectors, during an ECOFIN meeting in Nicosia.

Kyriakos Pierrakakis, Greece's Minister of National Economy and Finance and President of the Eurogroup, stated during his intervention at the open ECOFIN meeting that political courage is essential to achieve economic transformation.

An investment expert from Zurich-based Ecofin expresses concern over the significant decrease in liquidity in financial markets since the outbreak of the Iran-War, though notes that investors have remained surprisingly calm so far.

Finance minister Makis Keravnos, who currently serves as president of the EU Economic and Financial Affairs Council (ECOFIN), on Tuesday reassured the international community that life in Cyprus continues normally and safely, despite the island’s indirect involvement in the ongoing war in the Middle East. Speaking upon his arrival at the ECOFIN council meeting, Keravnos […]