European Court of Auditors

The European Commission will propose next week a law requiring all European Union member states to scrutinize foreign investments in order to determine whether they pose a security risk, as part of the bloc's efforts to boost its economic security, Reuters has reported.

The European Union's scrutiny of foreign investment suffers from blind spots because some EU members do not carry out screening and those that do have widely different approaches, the European Court of Auditors (ECA) said on Wednesday.

"The European Parliament is at the heart of my commitment to the European idea of my years as a MEP in 2009 and as a member of the European Court of Auditors.

The European Union is at risk of failing to meet its 2030 climate change targets, owing to uncertainty over whether sufficient funds are being invested in the low-carbon transition, auditors said on Monday.

Insufficient checks and safeguards on how EU member countries spend a massive aid program designed to help them bounce back from the crisis caused by the Covid-19 pandemic are creating possibilities for fraud and mismanagement, the bloc's financial watchdog warned on Wednesday.

As the United States grapples with the fifth generation (5G) technology standard of wireless communications rollout affecting airlines, a European Union watchdog has warned the EU faces much bigger economic and security threats unless member countries step up cooperation.

Strasbourg – The European Parliament has endorsed Jorg Kristijan Petrovič, Slovenia’s candidate for the European Court of Auditors. Wednesday’s non-binding vote was 487 in favour and 196 against with 11 abstentions.

Ljubljana – Jorg Kristijan Petrovič, first deputy president of the Slovenian Court of Audit, has been put forward as Slovenia’s candidate for European Court of Auditors once again, after the parliamentary EU Affairs Committee turned down his nomination without debate in mid-October.

The European Court of Auditors (ECA) is on high alert about the risk of fraud and abuse associated with the €750 billion EU Pandemic Recovery Fund, DPA informs.

The faster the money flows, the higher the risks. This is inevitable," the president of the court, Klaus-Heiner Lehne, told DPA. It is crucial to have an effective inspection system, the German expert added.

The European Court of Auditors (ECA), which monitors European Union spending and management, announced that it is launching an audit to assess whether the European Commission took sufficient steps to ensure air passenger rights were upheld during the COVID-19 pandemic.