
Snapshot
| Members: | Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Ireland, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom | |
| Website: | europa.eu | |
| Key People: | Herman Van Rompuy, European Council José Manuel Barroso, European Commission Jerzy Buzek, European Parliament | |
| Updates? | Email us! | |
The European Union is a political and economic union comprising 27 states located primarily in Europe. The EU collectively represents the world's largest economy, with a GDP of USD15 trillion (2009), and counts some 500 million people within its borders. The EU operates as a single market, with a common system of laws and trade policies, with 16 states have forming a monetary union, adopting a common currency - the euro. The single market is based on the four freedoms of the EU: the free movement of labour, capital, goods and services. 22 member states have agreed to abolish passport controls between them, under an agreement known as the Schengen Agreement. Major institutions of the EU include the European Commission, the European Council, the European Parliament, the European Court of Justice and the European Central Bank.
The European Union was established in the aftermath of World War Two to bring peace, stability and prosperity to Europe. Key developments in its history include:
- 1951: The European Coal and Steel Community is established by the six founding members
- 1957: The Treaty of Rome establishes a common market
- 1973: The Community expands to nine member states and develops its common policies
- 1979: The first direct elections to the European Parliament
- 1981: The first Mediterranean enlargement
- 1993: Completion of the single market
- 1993: The Treaty of Maastricht establishes the European Union
- 1995: The EU expands to 15 members
- 2002: Euro notes and coins are introduced
- 2004: Ten more countries join the Union
European Commission Vice-President, Siim Kallas, is responsible for Transport.
News Headlines

European Commission Vice-President, Siim Kallas
European Commission: SES development 'far behind expectations'
European Commission enlists traders assistance in oil price fixing probe
Taiwan seeks further trade agreements with EU and US
CATA to represent China Eastern Airlines on EU carbon tax issue
China Foreign Ministry: China is opposed to the EU's unilateral action on emission trading scheme
China's airlines will not submit carbon emissions data or pay any fines: China Air Transport Assn
EU: Airlines responsible for over 98% of 2012 aviation emissions have complied with EU ETS
Airbus active in supporting China's stance on EU ETS
India Government may oppose EU threat to fine Air India and Jet Airways
China will not pay for carbon dioxide emissions by its airlines on services within Europe: CAAC
European Commission to rule on sale of 49% of Virgin Atlantic by 20-Jun-2013
Oil majors and Platts cooperating with European Commission price fixing investigation
Older articles >>
CAPA Analysis
ETS and the airlines: Part II The EU follows the tabloid herd
ETS and the airlines: the EU’s looming enforcement nightmare
Flybe pulls Gatwick to Aberdeen route, adding spark to the London-Scotland connectivity debate
Ryanair’s tenacious quest to acquire Aer Lingus matches the EC’s equally tenacious drive to probe
Changes - and perhaps conflict - ahead for Austrian Airlines as it seeks a return to profitability
EU ETS and WTO confrontation raise the spectre of aviation protectionism at the worst possible time
EU ETS dominates agenda at November airline meetings, starting with Assoc of Asia Pacific Airlines
Handle with care – Europe’s airport ground handling business to be liberalised further
Older articles >>
Share Market Performance
European airline stock wrap: More pain in the ash
Airbus and Boeing weigh in on ‘confidential’ WTO decision; EADS shares down and Boeing up
Vueling falls on Amsterdam plans; second base outside of Spain
LCCs stocks post mixed results; flybe to go public by 2011
1time falls on ownership news; Vueling feels the heat in the EU
All LCCs see red as wider financial markets tumble
SAS plummets on EUR113.3m loss for 3Q2010; British Airways also down
European Commission questions Aegean Airlines merger; British Airways confident of breaking even
LAN Airlines net profit rises on improved passenger and cargo revenues; TAM and Copa down
Older articles >>


