Valdis Dombrovskis

China overtakes U.S. as Europe’s main trading partner

China overtakes U.S. as Europe’s main trading partner

China dethroned the U.S. last year to become Europe’s top trading partner for the first time, data from the European statistics office has shown, CNBC informs. European Union exports to China grew by 2.2% last year and imports rose by 5.6%. In comparison, exports to the U.S. dropped by 8.2% and imports fell by 13.2%. The latest figures, released Monday by Eurostat, showed that China now has an even bigger role in how European economies perform

Europe adopts plan to fight financing of terrorism

Europe adopts plan to fight financing of terrorism

The Vice President of the European Commission, Valdis Dombrovskis, announced that the EC has adopted an action plan to strengthen the fight against the financing of terrorism. He noted that the actions were based on three ...