Brussels, May 29 (IANS) Hungarian Prime Minister Peter Magyar announced on Friday that Hungary had reached a political agreement with the European Union on the release of 16.4 billion euros (19.1 billion US dollars) in previously frozen European Union (EU) funds. The agreement was reached following talks with European Commission President Ursula von der Leyen in Brussels and would unlock approximately 6,000 billion forints in EU resources, equivalent to about 13 percent of Hungary’s gross domest…
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Warsaw, May 28 (IANS) Poland plans to sign agreements with the European Union (EU) by the end of May to finance military equipment purchases worth 100 billion Polish zlotys (about 27.49 billion US dollars), Prime Minister Donald Tusk said Thursday.At a signing ceremony at the Cyber Defence Forces Component Command in Legionowo, near Warsaw, Tusk said that by the end of May, 100 billion Polish zlotys would be allocated under approximately 40 agreements. More than 10,000 Polish companies are set t…
New Delhi, May 26 (IANS) Major EU member countries are working towards taking stronger measures to prevent their economies from being hit by the flood of cheap goods from countries with “industrial overcapacity” such as China, according to a media report. “A paper signed by Spain, Italy, the Netherlands, France, and Lithuania, days before a major China-focused debate in Brussels, said the bloc must respond more aggressively to ‘systemic and structural industrial overcapacity’ – phrases often…
Brussels, May 22(IANS) The Council of the European Union (EU) announced on Friday a one-year suspension of customs duties on key nitrogen-based fertilisers such as urea and ammonia, aiming to alleviate the impact of the Iran war on EU farmers.The nearly complete closure of the Strait of Hormuz has disrupted about one-third of global fertiliser trade, driving up prices sharply. In April, the Food and Agriculture Organisation of the United Nations warned that a prolonged blockade could trigger an …
New Delhi, May 21 (IANS) Prime Minister Narendra Modi returned to New Delhi on Thursday morning after concluding a high-profile five-nation diplomatic tour that covered the United Arab Emirates (UAE), the Netherlands, Sweden, Norway, and Italy. The Prime Minister began his overseas visit on May 15 from the UAE and completed the final leg in Italy on May 20, marking a closely watched diplomatic outreach aimed at strengthening India’s global partnerships.The tour was strategically focused on sec…
New Delhi, May 18 (IANS) Prime Minister Narendra Modi has said that India emerged as one of the world’s most attractive destinations for investment, innovation and manufacturing, while inviting European companies to deepen engagement with the country as a trusted and reliable economic partner, according to an official statement issued on Monday.Addressing the European Round Table for Industry (ERT) in Gothenburg, PM Modi highlighted the growing strategic convergence between India and Europe an…
Gothenburg, May 18 (IANS) Prime Minister Narendra Modi addressed the European Round Table for Industry (ERT) in Sweden’s Gothenburg on Sunday and said that the “partnership between India and Europe is not just limited to economic figures only but it is guided by common values, democracy and diversity”. Swedish Prime Minister Ulf Kristersson, President of the European Commission Ursula von der Leyen, senior European industry leaders, and representatives from leading European and Indian companies …
Gothenburg (Sweden), May 18 (IANS) Prime Minister Narendra Modi on Sunday met the European Commission President Ursula von der Leyen and expressed complete agreement with her over the “strong potential of India-Europe ties, especially in the wake of the signing of India-EU Free Trade Agreement (FTA)”. Earlier in the day, Prime Minister Narendra Modi held a meeting with his Swedish counterpart Ulf Kristersson and European Commission President Ursula von der Leyen in Sweden.Addressing the European…
Gothenburg, May 18 (IANS) Ursula von der Leyen, President of the European Commission, on Sunday hinted at an investment agreement with India at a joint press meet at the European Round Table for Industry in Sweden’s GothenburgUrsula von der Leyen joined the joint press meeting along with Swedish Prime Minister Ulf Kristersson and Prime Minister Narendra Modi.“We succeeded indeed in concluding our landmark trade agreement. We call it the mother of all Deals,” von der Leyen said, referring to …
Gothenburg (Sweden), May 17 (IANS) Prime Minister Narendra Modi received a warm welcome from members of the Indian community as he landed in Sweden’s Gothenburg on Sunday. The PM met members of the Indian community who had gathered in large numbers to welcome him. Members of the Indian community carrying flags of Sweden and India were chanting ‘Modi Modi’ while welcoming PM Modi.PM Modi and his Swedish counterpart, Ulf Kristersson, witnessed cultural performances and an orchestra performance. Sw…