1st Jun 2023


EU plans to provide Ukraine €1.5bn per month next year

The EU plans to provide Ukraine with €1.5bn per month in financial aid next year, EU commission president Ursula von der Leyen said on Friday, after the meeting with EU leaders in Brussels. Ukraine, she said, needs approximately €3bn to €4bn per month for basic resources. The EU's overall figure will amount to €18bn next year. EU finance ministers will now work on "the appropriate mechanism," von der Leyen said.

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ECB: eurozone home prices could see 'disorderly' fall

The European Central Bank in its Financial Stability Review warned EU home prices could see a 'disorderly' fall as high mortgage rates are making houses unaffordable for households and unattractive for investors.

Adapting to Southern Europe's 'new normal' — from droughts to floods

Extreme weather events in recent months have worsened agricultural production in southern Europe, prompting concerns for authorities in Portugal, Spain, France and Italy. As countries will likely face dryer conditions, experts urge adaptation measures for the 'new normal'.

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