Economy of the European Union

Finance Minister Christos Staikouras will be attending the Europgroup and Ecofin meetings in Brussels on Monday and Tuesday, respectively.

Former finance minister Yanis Varoufakis has blamed "hired thugs" for the assault on him on in an Athens restaurant in which his nose was fractured.

"They were not anarchists, leftists, communists or members of any movement," Varoufakis said in a tweet.

The Competition Commission has in its sights two multinationals, Unilever and P&G, which hold the largest market shares in the washing detergent category. 

The European Bank for Reconstruction and Development on Thursday announced it would invest up to 1.5 billion euros ($1.6 billion) in Turkey's earthquake-hit region over the next two years.

Cyprus' gross domestic product andemployment increased during the fourth quarter of 2022 compared to the previous quarter, while in the eurozone GDP remained stable and employment rose and in the European Union GDP fell and employment went up, according to estimates released by Eurostat, the statistical service of the EU.

Greece achieved the second highest growth rate in the eurozone in the fourth quarter of 2022, compared to the same period in 2021, according to data published by Eurostat on Wednesday.

There were calls for flexibility but also for a clear set of rules as the Finance Ministry and the European Commission Representation in Slovenia hosted a high-profile event to discuss efforts for the EU's new economic governance framework at Brdo pri Kranju on 9 March.

The Greek economy outperformed the European Union average for a second year in succession in 2022, securing a growth rate of 5.9%, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. According to Eurostat's provisional data, the growth rate in the eurozone was 3.5% and in the European Union 3.6%.

The process of Ukraine's accession to the EU will progress "much faster" than usual, predicts Margrethe Vestager.

"Core inflation in the Eurozone will remain high for the foreseeable future, so a European Central Bank (ECB) interest rate hike of up to 50 basis points later this month looks increasingly certain", ECB President Christine Lagarde told the Spanish media group Vocento.