EU farmers and hauliers to get up to €50,000 to cover extra costs of Iran war

Fishing companies can also access up to 70% subsidies, in loosening of state aid rules for ‘most exposed sectors’ Business live – latest updates The EU is to subsidise up to 70% of the extra cost of fuel and fertilisers caused by the Iran war for farmers, fishing businesses and road hauliers as part of a package of emergency measures unveiled on Wednesday. Individual companies can claim up to €50,000 each between now and the end of the year with minimum paperwork, a measure the EU hopes wil...

By Lisa O’Carroll

How the Iran war is hitting the UK

The likelihood of economic woes and unrest grows as the conflict shows no sign of ending.

Von der Leyen confirms Ukraine will receive €6bn from EU for drones in Q2 2026

The first defence package from the EU’s €90 billion loan for Ukraine will amount to around €6 billion and is expected to be disbursed in the current quarter, with a focus on Ukrainian-made drones.

By Tetyana Vysotska,STANISLAV POHORILOV

Hungary's Magyar meets EU's von der Leyen in high-stakes Brussels visit

Even before Peter Magyar takes office as Hungary's prime minister, he is looking to unlock €10 billion in EU funding ahead of an August deadline. Talks with Ursula von der Leyen come as part of a post-Orban EU reset.

EU chief warns billions could be wasted if energy aid is not well targeted as the Iran war bites

European Commission President Ursula von der Leyen is warning EU countries to focus their energy aid on vulnerable households and industries

By Lorne Cook

People linked to top Orban aide were blocked trying to send funds abroad, Hungary's Magyar says

Peter Magyar is due to be sworn in as Orban's successor on May 9.

EU enlargement is often deeply political – as Ukraine and Montenegro show

By Iveri Kekenadze Gustafsson, PhD Candidate in European Studies, Lund University The EU formally unblocked a €90 billion (£78 billion) loan for Ukraine on April 23 after Hungary and Slovakia dropped their opposition. This move came over a week after defeat in parliamentary elections brought the 16-year tenure of Hungary’s prime minister, Viktor Orbán, to […]

By newsroom

Von der Leyen confirms first EUR 6 billion tranche for Ukraine to procure drones

Ukraine will receive EUR 6 billion by the end of the second quarter 2026 to purchase domestically produced drones for its Defense Forces as part of a €90 billion loan.