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Europe Daily Bulletin No. 13636
Contents Publication in full By article 39 / 43
NEWS BRIEFS / Companies

EFRAG submits its Endorsement Advice on ‘IFRS 18’ on financial statements to European Commission

08/05/2025 (Agence Europe) – In response to a request from the European Commission, the ‘European Financial Reporting Advisory Group’ (EFRAG) submitted its Endorsement Advice on IFRS 18 Presentation and Disclosure in Financial Reporting, on Tuesday 6 May. IFRS 18 aims to improve the usefulness of the information presented and published in the financial statements, by taking into account the comments of stakeholders, in particular users, who are asking for better information on the...

Contents

EXTERNAL ACTION
UNITED STATES: European Commission puts pressure on Washington by detailing potential consequences of its trade countermeasures
UKRAINE: EU to provide €1 billion for Ukraine’s defence industry
MIDDLE EAST: Europeans “frustrated” at not being able to change situation in Gaza, but divided on measures to be taken
HUMANITARIAN AID: European Commission’s services feel uneasy faced with humanitarian crisis in Gaza
INDIA/PAKISTAN: EU is following growing tensions between New Delhi and Islamabad “with great concern”
SYRIA: EU calls for end to violence
ALBANIA: EU accession negotiations – Tirana assured of opening third cluster of acquis communautaire
VATICAN CITY: EU leaders ready to work with Leo XIV to promote “peace and human dignity”
EUROPEAN PARLIAMENT PLENARY
TRADE: European Parliament adopts its position on regulation on screening foreign direct investments
UKRAINE: European Parliament approves Kyiv’s exemption from steel safeguard for another three years
UKRAINE: European Parliament calls on EU to punish those responsible for deportation of children
ENERGY: European Parliament ready to start negotiations with EU Council on extension of gas storage regulation
TRANSPORT/INDUSTRY: like EU Council, European Parliament approves proposal on CO2 emissions from motor vehicles without amendment
ENVIRONMENT: Parliament approves amendment to ‘Habitats’ Directive enabling lowering of level of wolf protection in Europe
JUSTICE: caught between EU law and island needs, Malta’s “golden passports” stir controversy in European Parliament
COHESION: MEPs call for decentralised decision-making for cohesion policy
DIGITAL: MEPs divided over how to deal with TikTok’s retrieval of European data
TANZANIA: European Parliament calls for immediate release of political opponent Tundu Lissu
TIBET: European Parliament condemns elimination of religious traditions and heritage in Tibet
SECTORAL POLICIES
AGRICULTURE: European Commission plans to adopt its proposal on post-2027 CAP in July
ENERGY: Polish Presidency of EU Council will have to consider how to incorporate into its conclusions measures putting an end to Russian imports
DIGITAL: according to Cisco, European organisations suffer from “alarming gaps” in their preparedness against cyber attacks
HEALTH: “perpetual inequality of access to medicines in the EU requires rapid action”, says EFPIA
TRANSPORT: Community of European Railway Companies welcomes European Parliament’s position on multiannual financial framework
ECONOMY - FINANCE - BUSINESS
ECONOMY/DEFENCE: rapid agreement in EU Council on ‘SAFE’ instrument depends on outcome of EU/UK summit
EUROGROUP: banking union, ESM annual meeting and digital euro on ministerial agenda
COMPETITION: European Commission launches public consultation on review of merger guidelines and adapting them to new global challenges
FINANCE: Listing Act - European Securities and Markets Authority issues new technical recommendations
INSTITUTIONAL
BUDGET: European Parliament’s political groups postpone deciding whether to create committee of inquiry to look into European Commission’s funding of NGOs
BUDGET: European Commission plans to present a proposal for new own resources, said Piotr Serafin
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: e-declaration for posted workers – Member States not yet able to take a position to enter into negotiations with European Parliament
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION: ‘European Diploma’ – EU Member States find common ground towards creation of label
COURT OF JUSTICE OF THE EU
ENVIRONMENT: Slovenia fined for breaching EU legislation on landfilling of waste
INTELLECTUAL PROPERTY: fines imposed on three EU countries for failure to transpose directives protecting copyright and related rights in digital environment
COUNCIL OF EUROPE
YOUTH: Council of Europe recommends taking greater account of young people in rural areas
TURKEY: following its meeting with Ekrem İmamoğlu, Congress of Local and Regional Authorities of Council of Europe reiterates its call for his release
NEWS BRIEFS
CLIMATE: April 2025 is second warmest April on record, according to Copernicus
ECONOMY: EU to pay Ukraine €1 billion instalment as part of preferential loans granted by G7 countries in 2025
COMPANIES: EFRAG submits its Endorsement Advice on ‘IFRS 18’ on financial statements to European Commission
SPACE: ESA and Indian Space Research Organisation to cooperate on human space exploration
GREENLAND: allegations of spying activities by United States – US representative summoned to Copenhagen
DIGITAL: Commission prepares its future communication on EU’s external digital policy
SUDAN: EU condemns drone strikes by foreign-backed paramilitaries