Budget of the European Union

The European Commission on Tuesday proposed a new 1.5-billion-euro ($1.63 billion) defense industry program, which would be financed from the European Union budget for the period between 2025 and 2027.

The European Public Prosecutor's Office has revealed startling figures regarding investigations into suspected fraud involving European Union funds in Bulgaria, with a staggering 203 cases under scrutiny, amounting to €884.9 million. According to a report for the year, the investigations shed light on concerning misuse of EU budget allocations within the country.

Deputy Foreign Minister Mehmet Kemal Bozay and EU Commissioner for Cohesion and Reforms Elisa Ferreira signed the official authorization agreement for a 400 million euro aid package to be provided to Türkiye through the EU Solidarity Fund for the region affected by the Feb. 6 earthquakes last year.

Today, EU leaders reached a rapid consensus on a €50 billion support package for Ukraine, breaking a deadlock that threatened crucial financial assistance for Kyiv. The breakthrough came after Hungarian Prime Minister Viktor Orbán, who had been obstructing the release of funds, conceded during intense negotiations at the extraordinary summit.

Leaders agree an additional €50 billion support package for Ukraine under the EU budget

Greece has received nearly 15 billion euros ($16 billion) in grants and loans from the European Union's Recovery Fund since 2021, a sum which is equivalent to about 8% of its economic output, the government said on Monday.

The European Commission on Thursday announced a disbursement of payments to Greece and five other EU member-states.

According to a press release, the Commission made the third payment to Greece under the Recovery and Resilience Facility (RRF).

Greece is among 13 EU member-states that have requested loans through the European Recovery Fund's Recovery and Resilience Mechanism (RRF), the European Commission announced on Friday.

The European Commission announced that the EU budget's capacity to support Ukraine has been exhausted and new options should be sought to continue it. This happened during the presentation of the draft EU budget for 2024 on Wednesday.

A general view of the European Anti-Fraud Office (OLAF) headquarters in Brussels, Belgium. EPA/JULIEN WARNAND