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European Union

Political and economic union
The European Union (EU) is a political and economic union created after World War II to ensure peace and economic cooperation on the European continent. It evolved from the European Economic Community, founded in 1957, and was officially established as the European Union in 1993 with the entry into force of the Maastricht Treaty, guided by the values of democracy, freedom, equality, and the rule of law. The EU is the largest trading bloc in the world, actively works to protect the environment, and plays an important global role in promoting peace and development.
1957
Founding of the European Economic Community, which promoted economic integration
1985
Signing of the Schengen Agreement, which laid the foundation for free movement without border controls
1986
Adoption of the Single European Act, which laid the groundwork for the creation of a single market
1993
Official creation of the European Union by the Maastricht Treaty
1993
Launch of the single internal market, ensuring the free movement of goods, services, capital, and people
2002
Introduction of euro banknotes and coins as a single currency for many member states
2004
Largest enlargement, with ten new member states joining, contributing to peace and stability
2012
Awarded the Nobel Peace Prize for its long-standing work in promoting peace and reconciliation in Europe
2022
Granting Ukraine candidate status for accession, confirming its European perspective
News by theme
Orban believes that if peace is achieved, Russia can be reintegrated into the world economy

The Hungarian prime minister said that Russia could be reintegrated into the global economy after a peace deal with the assistance of the United States. Orban also called on Hungary to become independent from the EU and strengthen relations with Asia and the United States.

Politics • February 14, 10:11 AM • 23057 views
Trump calls on Europe to increase financial support for Ukraine

US President Donald Trump has called on European countries to increase financial support for Ukraine. According to him, the United States plans to allocate another $200 billion, while Europe is not investing enough.

Politics • February 14, 08:01 AM • 27294 views
Ukraine is not ready to peg the hryvnia to the euro - Pyshnyi

NBU Governor Andriy Pyshnyi spoke about a possible change in the exchange rate from the dollar to the euro. No final decision has been made yet, but the issue is being considered due to the strengthening of economic ties with the EU.

Economy • February 13, 06:01 PM • 44558 views
Apple returns to advertising on X after more than a year of boycott

Apple has resumed advertising on the X platform after a year-long break due to the Elon Musk scandal. The company promotes Safari features and the Severance series, joining other major brands that have returned to the platform.

News of the World • February 13, 05:53 PM • 31555 views
The NBU is ready to regulate virtual assets: what does Pyshnyi propose

The National Bank of Ukraine is ready to assume part of the responsibility for regulating the virtual asset market. The NBU will work to ensure that the market functions without the risk of uncontrolled regulatory arbitrage.

Economy • February 13, 04:04 PM • 29853 views
Trump and Putin to try to reach ceasefire in Ukraine by Easter or May 9 - FT

The Financial Times reports on a possible ceasefire in Ukraine by Easter or May 9 at the initiative of Trump and Putin.

War in Ukraine • February 13, 03:08 PM • 37143 views
NBU Head: Tax authorities will not get uncontrolled access to banking secrecy

NBU Governor Andriy Pyshnyi has stated that uncontrolled access to bank secrecy is unacceptable. According to him, this is a fundamental institution of trust in banks, which should be regulated by appropriate procedures.

Economy • February 13, 02:58 PM • 24819 views
EU Commissioner: Ukraine's will must be central to any peace deal

European Commissioner for Justice Michael McGrath said that the will of Ukraine should be central to any peace agreement. He emphasized that aggression cannot be rewarded.

War in Ukraine • February 13, 01:03 PM • 36174 views
A sad testimony: Orbán criticises Brussels' “worthless” stance in support of Ukraine

The Hungarian prime minister criticised Brussels' position on supporting Ukraine. Orban compared the EU's statements to ‘support for murder’ and said, that a place in the negotiations must be earned.

Politics • February 13, 12:59 PM • 29047 views
Business urges authorities to declassify information on Ukrainian subsoil

The EBA called on the government to remove the classification of information on mineral deposits in Ukraine. The restrictions hinder international cooperation and investment in the extractive industry.

Economy • February 13, 12:17 PM • 52096 views
“Peace in Europe is at stake": the EU reacted harshly to Trump's talks with Putin

European leaders express concern over Trump's phone call with Putin about Ukraine. European foreign ministers insist on EU participation in future peace talks.

Politics • February 13, 10:41 AM • 38884 views
US State Department announces Kellogg's visit to Ukraine

Keith Kellogg will visit Germany, Belgium, and Ukraine on February 13-22 to promote a plan to end the war. At the Munich conference, he will present an offer of military support in exchange for resources.

War in Ukraine • February 13, 03:23 AM • 112991 views
Europe demands participation in negotiations and is ready to strengthen support for Ukraine

The foreign ministers of Ukraine and seven European countries declared their readiness to increase support for Ukraine. Europe insists on participating in future peace talks and providing Ukraine with strong security guarantees.

War in Ukraine • February 12, 11:13 PM • 83696 views
Germany has started to refuse entry to Ukrainians: who is affected

German border guards may refuse entry to Ukrainians who have already received protection in other EU countries. The visa-free regime for short-term travel remains in effect, but it is necessary to prove the tourist purpose of the visit.

Society • February 12, 05:46 PM • 62057 views
Ukraine and Estonia start a new stage of tax system digitalization: Kravchenko gives details

Ukraine has signed a memorandum of understanding with Estonia on cooperation in the digitalization of tax administration. The project will last for two years and includes digitalization of services, data protection, and integration with EU systems.

Economy • February 12, 03:11 PM • 27566 views
NATO Secretary General: no repeats of Minsk agreements, Ukraine must start negotiations from a position of strength

NATO Secretary General Mark Rutte said that future peace talks to end the war in Ukraine should be conducted from a position of strength. According to him, the EU and the US should increase assistance to Ukraine to achieve this goal.

War in Ukraine • February 12, 01:17 PM • 27096 views
“The reaction will be simply devastating": Rutte warns Putin against attacking NATO

Mark Rutte said that NATO would respond with a devastating response in the event of a Russian attack on the Alliance. The Secretary General emphasized the importance of helping Ukraine and strengthening its own defense capabilities.

War in Ukraine • February 12, 12:54 PM • 34903 views
Rada adopts law on simplified registration of medicines: what will change for Ukrainians

The Verkhovna Rada has passed a law on simplified drug registration and transparent pricing. The new rules provide for price control of medicines and simplified registration of drugs from the EU, the UK and the US.

Politics • February 12, 11:59 AM • 66527 views
Survey: Ukrainians' attitude to the suspension of USAID project funding

69% of Ukrainians believe that the suspension of USAID funding will have negative consequences for the country. At the same time, 59% see this as an element of justice due to the ineffectiveness of some projects.

Society • February 12, 11:38 AM • 101533 views
Armenia begins historic EU accession process: what is happening in the country

The National Assembly of Armenia has passed in the first reading a bill to start the EU accession process. The draft law was voted in favor by 63 deputies and supported by a public initiative and the government.

News of the World • February 12, 10:25 AM • 22261 views
Artificial intelligence may inhibit human cognition and harm critical thinking skills - study

A study by Microsoft and Carnegie Mellon University has shown that overconfidence in AI impairs people's cognitive abilities. A survey of 319 IT professionals revealed a direct correlation between confidence in AI and a decrease in critical thinking.

Technologies • February 12, 07:24 AM • 28164 views
European winemakers are adapting to changing consumer habits: what is involved

Wine producers in the EU are adapting to falling demand due to changing consumer habits, especially among young people. Experts recommend developing the market for non-alcoholic wines, which will grow to 14 billion euros by 2031.

Economy • February 12, 07:23 AM • 41355 views
Currency exchange rate for February 12: The National Bank has lowered the hryvnia exchange rate

The NBU sets the official exchange rate at 41. 66 UAH/USD and 43.01 UAH/EUR. Ukraine will receive the second tranche of EUR 1.9 bn from frozen Russian assets in April.

Economy • February 12, 07:09 AM • 30662 views
Japan asks the US to exempt it from duties on steel and aluminum

The Japanese government has asked the United States to exempt Japanese companies from the new 25% tariffs on steel and aluminum. In 2024, Japan exported more than 480 billion yen worth of steel and non-ferrous metals to the United States.

News of the World • February 12, 04:02 AM • 28136 views
Smuggling of medicines worth more than UAH 1.3 million detected at the border with the EU

At the Krakivets checkpoint, two attempts to smuggle medicines from Italy and Germany were detected. Psychotropic drugs and medicines for diabetes and obesity were found in Mercedes cars.

Crimes and emergencies • February 11, 08:25 PM • 30198 views
Ukraine has lost a point in the Corruption Perceptions Index: Transparency International cites scandalous appointment of ARMA head among reasons

Ukraine received 35 points out of 100 in the Corruption Perceptions Index for 2024, losing one point compared to last year. One of the main reasons for this is the scandalous appointment of the head of the ARMA.

Politics • February 11, 03:37 PM • 243657 views
Exclusive
Ukraine is preparing to legalize cryptocurrency: what will change for businesses and citizens

The draft law on cryptocurrency legalization in Ukraine is ready for consideration by the Verkhovna Rada. The document is based on the European MiCA regulations and provides for the creation of a transparent market for virtual assets.

Society • February 11, 03:29 PM • 130167 views
Polish EU Presidency announces another €1.9 billion from Russian assets for Ukraine and the 16th package of sanctions against Russia: deadlines announced

The Polish Minister of European Affairs announces the second tranche of funds from frozen Russian assets for Ukraine. The EU also plans to introduce the 16th package of sanctions against Russia on the anniversary of the invasion.

Economy • February 11, 02:12 PM • 33205 views
Ukraine is creating a single logistics space with the EU: the government explained why and how

Ukraine is implementing joint customs control with the EU and modernizing its border infrastructure. By 2030, it is planned to upgrade 29 and build 17 new checkpoints.

Economy • February 11, 11:27 AM • 30776 views
“They will not go unanswered": von der Leyen reacts to the US decision on duties on steel and aluminum

Ursula von der Leyen promised to introduce tough measures in response to the new US duties on European steel and aluminum. The European Commission intends to protect the economic interests of the EU, workers and consumers.

Economy • February 11, 10:00 AM • 27897 views