Europe

Andrej Babis
EPP Group Calls For EU Anti-Oligarch Law

The EPP Group has condemned the self-dealing of EU subsidies by PM Babis and is taking steps to put an end to it. EPP announced plans to introduce an anti-oligarch law. The law will ensure the fair distribution of EU subsidies. It will be used as a tool to combat conflicts of interest among politicians. […]

V4 Leaders Meet In Prague To Discuss Energy, Migration and EU

The Visegrad Group (V4 – Czech Republic, Slovakia, Poland, Hungary) gathered in Prague today to discuss energy, migration, trade, and the EU. The parties confirmed their agreement on the issue of migration at the Summit in Prague. Still, they fundamentally differ in their view of Europe’s energy future.  Austria is opposed to nuclear power and […]

New EU Space Agency Will Be Based In Prague

A new EU Space Program Agency (EUSPA) will be based in the Czech Republic from 2021. It will be created by extending the GSA, which manages the European satellite system Galileo in Prague. The agency will grow from the current 100 to around 700 people. Representatives of the Ministry of Transport announced this at a […]

Andrej Babis Agrofert
EU Farm Subsidies Benefit Billionaires Over Farmers

The European Union farm subsidy system is broken and corrupt. The system now benefits billionaires instead of the farmers it’s meant to support. Prime Minister Andrej Babis’s companies received $49 million in subsidies last year. The New York Times examines the EU farm subsidy system, excerpt below. “Babis Amendment” For critics of the subsidy system, […]

Europe Dominates UNCTAD E-Commerce Index

Europe is the most e-commerce friendly region in the world, led by the Netherlands. According to the United Nations Conference on Trade and Development (UNCTAD) 2019 E-Commerce index. The Czech Republic finished 25th out of 152 countries and improved year-on-year by six places. The ranking takes into account the proportion of the population with Internet […]

Price Comparison Sites Demand EU Act Against Google

Dozens of European price comparison sites complain that Google continues to favor its own service in violation of competition rules. They demand that the European Commission (EC) take further action against the company. As early as 2017, the EC concluded that Google had abused its dominant position to favor its own service. The EC imposed […]

EU Reaches Deal On 2020 Budget

European Union governments, parliament and the executive Commission reached a deal late on Monday on the bloc’s 2020 budget that boosts spending on fighting climate change, EU border protection and setting up Europe’s own satellite system. The 2020 budget is the last annual spending plan of the EU’s seven-year budget, which is equal to 1% […]

Euro Area Confidence Slides To 4 Year Low

Economic confidence in the euro area declined further in October, close to a five year low.   The economic confidence in the euro area dropped for the second straight month. Reaching its lowest level since January 2015.   Pessimism is spreading from manufacturing to the service sector, and to consumers. A bad sign for the […]

US Hits EU With $7.5 Billion Tariffs

Ten percent retaliatory US tariffs on European aircraft and 25 percent European agricultural and industrial goods should enter into force today. The measure, in response to the illegal subsidization of the European aircraft manufacturer Airbus, has been approved by the United States. It will include products imported into the US with a total annual value […]