European Union

The Foreign Economic Relations Board (DEİK) will be lobbying for the modernization of the customs union between Türkiye and the European Union, says Nail Olpak, the president of DEİK.

The upcoming elections for EU Parliament pose a risk as the elections may slow down the process, Olpak told a group of journalists in Istanbul.

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.

Prime Minister Nikolai Denkov's strategic diplomacy at the European Council has yielded promising results as Bulgaria gears up for full acceptance into the Eurozone and Schengen by January 1, 2025.

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

The roadblocks are taking place near the European Quarter, where EU leaders are expected to attend an extraordinary meeting of the European Council.
The plan is for them to present their complaints about exorbitant prices, rules and bureaucracy to the EU's leaders at a summit scheduled to discuss aid to Ukraine.

EU leaders will grapple with Hungary's Prime Minister Viktor Orban at a crunch summit meeting Thursday to try to overcome his veto on 50 billion euros in financial aid for Ukraine.

The new 10-year bond issued on Tuesday by the Greek state made history, as it achieved three parallel records.

The European Union will fall far short of its target of sending one million artillery shells to Ukraine by March, it said on Wednesday, adding that just over half that number would be delivered by the deadline.

Europol's Operational Task Force (OTF) in Limassol, Cyprus uncovered a criminal network orchestrating sham marriages in Cyprus for irregular migration into the EU on Monday.

The investigation suggested that the criminal network was also involved in human trafficking and money laundering activities, as well as forcing victims into bogus marriages for immigration purposes.

Defense Minister Nikos Dendias said on Wednesday that Greece will propose taking command of a forthcoming EU naval mission in the Red Sea aimed at safeguarding ships from attacks by Yemen's Iran-backed Houthi militia. He further mentioned that the military base in Larissa, located in central Greece, could serve as the operational headquarters for this mission.