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Stories from Brussels · Belgium

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economy 16d ago Brussels

China Submits Formal Comments On EU Industrial Accelerator Act

China's Ministry of Commerce submitted formal comments to the European Commission regarding the EU Industrial Accelerator Act on April 24. China's submission specifically cites concerns regarding intellectual property agreements and potential discrimination against Chinese investors under new subsidy rules. Beijing expressed concerns that the act includes discriminatory requirements for foreign investors and local content mandates. The Chinese government also flagged potential forced technology and intellectual property transfer requirements. China warned that these measures could impact investment expectations and hinder the EU's green transition process. Beijing suggests the European Union remove requirements that mandate local content, forced technology transfers, and intellectual property transfers.
CNR Voice of China
economy 16d ago Brussels

Gulf Crisis Costs Europe 500 Million Daily

The energy crisis triggered by ongoing conflict is costing Europe approximately $600 million USD every day. The European Commission has presented the Accelerate EU plan to address the energy crisis. The framework utilizes energy vouchers to support sectors most exposed to price volatility. It also aims to reduce electricity taxes for vulnerable households. Brussels announced an additional plan for next May to reduce fiscal pressure on energy-intensive industries and fragile households. European Commissioner for Energy Danjorgensen stated that the war's cost is approximately 500 million euros per day. The impact of the conflict extends beyond travelers and airports, potentially keeping energy prices high for months or years. According to Kepler estimates, even if the strait is opened tomorrow, supply returns to normal levels may not occur until at least July.
RTHK Radio 3 HK
politics 16d ago Brussels

European Commission Demands Social Media Design Changes

The European Commission is evolving its position on age restrictions for social media users. The European Commission has assessed that age verification controls on Instagram and Facebook are currently insufficient. While the platforms maintain a minimum age requirement of 13 years, users are permitted to self-report their birthdates. The Commission indicated it could impose fines if these measures are deemed inadequate. The Bundestag is still required to vote on related regulatory changes in Germany. The Commission may use specific data to exert pressure on these platforms, according to a Brussels correspondent. Potential fines for non-compliance could reach up to 6% of the company's global annual turnover. Analysts suggest a solution may be emerging through the use of specific apps designed for more secure age verification. The investigation remains ongoing as of today.
SWR Aktuell
economy 16d ago Brussels

Hungary Risks Losing €10B In EU Funds

The European Commission is reviewing whether Serbia meets necessary conditions to access funds from the €6 billion Western Balkans growth initiative. Officials expressed concern regarding the current situation in Serbia. The Commission is currently evaluating if the state satisfies the requirements to obtain these financial resources. The Serbian government is utilizing strategic reform documents adopted in October 2024 to access funds from the EU Growth Plan. Serbia is actively pursuing these funds by implementing a strategic reform agenda adopted in October 2024 to facilitate EU accession. Serbia has already received approximately 110 million euros in pre-financing from the EU Growth Plan. The European Commission transferred 51.7 million euros in the first half of 2025 as a concessional loan. Denial of further funds would represent a loss for the country.
Radio Radicale
environment 16d ago Brussels

EU Nations Debate Nuclear Energy Expansion

Only 12 of the 27 European Union member states currently maintain active nuclear power plants. Countries such as Poland and Estonia are evaluating nuclear energy to improve power grid sustainability. Proponents argue that domestic nuclear production increases energy independence and provides predictable, environmentally friendly supply. The average age of the approximately 100 active reactors in the EU is 40 years. Countries like France are planning to extend reactor lifespans to 50 or 60 years. Some nations, including Poland and Estonia, are currently reviewing nuclear energy options. Emmanuel Macron leads a nuclear alliance consisting of 15 EU member states that positions nuclear energy alongside renewables. Environmental historian Frank Ükert from Ruhr University Bochum criticized the move, citing unresolved issues regarding waste disposal, radiation risks, and environmental damage.
MDR Aktuell
politics 16d ago Brussels

EU Discusses Mutual Defense and Security Measures

EU representatives and Middle East nations have agreed on three urgent action priorities for the region. These include restoring maritime freedom in the Strait of Hormuz through multilateral coordination and promoting a sustainable ceasefire as a foundation for peace. The plan also aims to prevent the proliferation of nuclear weapons in the area. A coalition of over 50 nations, led by France and the United Kingdom, is currently advancing a multilateral mission plan. Iranian Foreign Minister Abbas Araghchi called for the establishment of a collective security mechanism in the Middle East that operates without United States intervention. Araghchi met with Omani Sultan Haitham bin Tariq in Muscat on Sunday to discuss regional mediation efforts. The Iranian official stated that the presence of US military forces in the region leads to instability and division.
VOV1 Vietnam
economy 16d ago Brussels

EU Urges Reduced Fossil Fuel Dependency

European Commission President Ursula von der Leyen noted that Middle East conflicts and the closure of the Armus Strait are negatively impacting the EU economy. The European Union is evaluating strategies for modular nuclear reactors and extending the lifespan of existing plants. The average age of the approximately 100 active reactors in the EU is 40 years. Countries like France are planning to extend operational lifespans to 50 or 60 years. Concerns exist regarding rising operating costs for older reactors. This debate occurs 40 years after the Chernobyl disaster. The European Union's new strategy to promote nuclear energy faces potential financial challenges due to rising operational costs. Experts warn the strategy could become a financial burden as maintenance costs for aging infrastructure increase.
Radio Sputnik
politics 16d ago Brussels

EU Negotiates Release Of Frozen Funds For Hungary

Tisza party leader Péter Magyar plans to meet European Commission President Ursula von der Leyen to discuss unfreezing EU funds for Hungary. The deadline to utilize these funds expires in August. The head of the European mission described a meeting in Brussels as very good. Discussions focused on necessary steps to unblock European Union funds previously frozen for Hungary due to corruption and rule of law concerns. The funds were withheld due to concerns regarding corruption and judicial independence under Viktor Orban. It remains unclear how quickly Prime Minister Viktor Orban can secure the funds for Hungary. The European Commission and the Hungarian government maintain tensions over migration policy. The source did not specify the outcome of the talks.
Radio Sputnik
politics 16d ago Brussels

EU Infrastructure Funds Require Reforms Amid Crisis

French President Emmanuel Macron and Greek Prime Minister Kyriakos Mitsotakis are advocating for an extension of the EU Recovery Fund repayment period. Brussels is discussing whether member states can extend a deadline set for the end of August. The discussion involves whether a majority of member states can postpone the deadline or if funds could be parked in the Hungarian Development Bank. Current EU rules suggest that without these reforms, necessary funds may be lost. Implementing complex reforms within a few months is described as technically difficult. Approximately 70 million euros of EU infrastructure and development funds are subject to pending reforms. These reforms are being addressed in the context of an ongoing political and stability crisis. The implementation of these reforms is expected to occur in June.
Mastodon
economy 16d ago Brussels

EU-Africa Trade Surpassed $450B in 2025

The European Union remains the primary commercial partner for African nations. In 2025, total trade flows, including both exports and imports, exceeded $450 billion.
Europe 1