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An important part (95.5 billion euros) of the budget goes to the framework programme for research and development Horizon Europe. Around 25 billion euros are dedicated to Excellent Science (Pillar I), 53,5 billion euros to Global Challenges and European Industrial Competitiveness (Pillar II), and 13,5 billion euros to Innovative Europe (Pillar ...
The euro is the second-largest reserve currency in the world. Beginning in the year 1999 with some EU member states, now 20 out of 27 EU states use the euro as official currency in a currency union. The remaining 7 states continue to use their own currency with the possibility to join the euro later. The euro is the most widely used currency in ...
BRUSSELS (Reuters) -The European Union on Monday pledged to spend an initial 7.7 billion euros ($8.39 billion) on humanitarian aid in 2024, less than last year despite soaring needs in Gaza and ...
Italy is planning to spend just under 7.5 billion euros ($8.1 billion) over the next 11 years on 24 new Eurofighter jets, according to a document by the Ministry of Defence seen by Reuters on Monday.
Romania imported in 2006 food products of 2.4 billion euros, up almost 20% versus 2005, when the imports were worth slightly more than 2 billion euros. The EU is Romania's main partner in the trade with agri-food products. The exports to this destination represent 64%, and the imports from the EU countries represent 54%.
Ukraine received a new 1.5-billion-euro ($1.6 billion) tranche of financial support from the European Union on Wednesday and hopes to get another 10 billion euros later this year, officials said.
The euro remains underweight as a reserve currency in advanced economies while overweight in emerging and developing economies: according to the International Monetary Fund [82] the total of euro held as a reserve in the world at the end of 2008 was equal to $1.1 trillion or €850 billion, with a share of 22% of all currency reserves in ...
The funds generate 2.5 billion-3.5 billion euros a year in profit, which the EU says is not contractually owed to Russia and therefore represents a windfall. Explainer-How G7, EU plan to leverage ...