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European Union foreign ministers reached a landmark agreement on January 29, 2026, to formally designate the Islamic Revolutionary Guard Corps as a terrorist organization, while simultaneously imposing immediate sanctions on 21 individuals and entities linked to Iran’s security apparatus. The decision includes the freezing of all assets held within the bloc’s 27 member states by Iran’s Minister of the Interior, the Prosecutor General and the Chief of Police. European official

Household real consumption per capita in the euro area rose by 0.4 per cent during the third quarter of 2025, maintaining the same pace of growth recorded in the previous quarter, according to data released by Eurostat.   Over the same three-month period, household real income per capita in the euro area increased by a more modest 0.1 per cent, following a stronger rise of 0.5 per cent in the second quarter of 2025.   Across the European Union as a whole, household real consu

The European Anti-Fraud Office has coordinated an extensive multinational investigation that has uncovered the unlawful export of 766 transport vehicles to Russia in direct breach of existing trade restrictions. The inquiry was launched after Polish authorities detected irregular patterns in the export of used vehicles, which prompted deeper scrutiny into the destinations declared by exporters. Investigators ultimately uncovered a highly organized logistics operation that rel

The European Banking Authority (EBA) and the Authority for Anti-Money Laundering and Countering the Financing of Terrorism have finalized the full transfer of all anti-money laundering and counter-terrorist financing mandates and responsibilities, marking a major step forward in the European Union’s efforts to combat financial crime. The completion of this handover brings to a close the stand-alone AML/CFT mandate that the EBA has held since 2020 and represents a key mileston

The Cyprus Securities and Exchange Commission (CySEC) carried out extensive supervisory work in 2025, resulting in administrative sanctions totaling €2.3 million, President George Theocharides said at a press conference on Wednesday, reviewing the Commission’s activities over the year. The regulatory authority conducted approximately 600 on-site and remote inspections of Cyprus Investment Firms (CIFs), alongside extensive reviews of Collective Investment Managers and Undertak

The European Union is preparing a sweeping package of retaliatory measures against the United States, including tariffs worth up to €93 billion ($107.71 billion), in response to threats by US President Donald Trump to annex Greenland, according to a Financial Times report published on Sunday evening.   Brussels is also examining the possibility of limiting access for US companies to the European market as part of a broader response. The measures were discussed during a meetin

Denmark has formally submitted proposed new controls on gambling advertising to the European Commission for scrutiny, as part of an effort to expand the regulatory and enforcement powers of the country’s gambling watchdog.   On 13 January, Spillemyndigheden, Denmark’s Gambling Authority, filed a notification with the European Commission’s Technical Regulation Information System (TRIS), triggering the EU’s mandatory review procedure for draft technical regulations. The process

Hourly labour costs in Cyprus rose by 3.5 per cent in the third quarter of 2025, placing the country close to the European Union average and reflecting ongoing wage and cost pressures faced by employers across Europe, according to the latest figures released by Eurostat.   Data from the EU’s statistical office show that during the same period, hourly labour costs increased by 3.3 per cent in the euro area and by 3.7 per cent across the EU as a whole, compared with the third q

Millions of people across the European Union continued to move in and out of work in mid-2025, despite overall labour market indicators suggesting relative stability.   New figures published by Eurostat this week reveal substantial flows between employment, unemployment and economic inactivity between the second and third quarters of the year, shedding light on the scale and direction of labour market movements beneath the surface.   Eurostat reported that “3.1 million unempl