EU loses 168 billion euros in sales tax fraud, errors

Last Updated: Friday, September 4, 2015, 22:40

EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.

India ready to talk with EU on FTA: Nirmala

Last Updated: Monday, March 23, 2015, 20:16

Negotiations for the proposed free trade agreement with the European Union may resume as India on Monday said that it is "ready to talk" with the EU on the pact.

EU loses 200 bn euros in sales tax fraud, error

Last Updated: Thursday, September 19, 2013, 21:42

EU countries lose nearly 200 billion euros in sales-tax revenue every year due to fraud and errors, the European Commission said Thursday.

Horsemeat found in Europe’s supermarkets ‘could have been donkeys’

Last Updated: Monday, February 11, 2013, 12:48

A law banning horses from Romanian roads could have led to the surge in the illegal sale of horse meat on the European beef market, a French politician has said.

Iran stops oil exports to six EU countries: State TV

Last Updated: Wednesday, February 15, 2012, 18:12

Press TV said Iran has stopped exporting oil to Netherlands, Greece, France, Portugal, Spain and Italy.

Bill Gates calls on EU to maintain aid to world's poor

Last Updated: Wednesday, January 25, 2012, 09:37

Microsoft founder and billionaire philanthropist Bill Gates has told European lawmakers here not to cut aid to poor countries despite the economic and budgetary problems facing EU countries.

Greece, creditors move closer to deal in race against time

Last Updated: Friday, January 20, 2012, 15:37

Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens.

EU chides S&P for ratings downgrades, promises reform

Last Updated: Saturday, January 14, 2012, 10:24

The EU's top economic official criticised Standard & Poor's downgrades as "inconsistent" on Friday and said the currency area was taking action to resolve its debt crisis.

Euro crisis deepens as S&P downgrades France, eight others

Last Updated: Saturday, January 14, 2012, 09:00

Standard & Poor's downgraded the credit ratings of nine eurozone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.

Eurozone rating decision in coming days: S&P

Last Updated: Saturday, December 10, 2011, 09:06

Standard and Poor's will decide whether or not to downgrade eurozone countries in the coming days following an EU agreement to forge tougher fiscal rules, the rating's agency's head in France said on Friday.