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If accepted, EU officials expect formal accession talks with Kyiv to start next year. A top aide to Hungarian Prime Minister Viktor Orban said Budapest would not support Ukraine's EU integration unless Kyiv changes its laws on minorities, in particular as regards education. "Moldova is firmly on the path for EU membership and we will continue working relentlessly towards this goal," the country's president, Maia Sandu, said in welcoming the move. The Commission said the EU should also begin membership talks with Bosnia and Herzegovina once a long list of extensive conditions are met. In 2020, Britain was the first country to ever leave the EU, a major setback for European integration following World War Two.
Persons: Yves Herman, Volodymyr Zelenskiy, Zelenskiy, Ursula von der Leyen, Von der Leyen, Viktor Orban, Maia Sandu, von der Leyen, enlargements, Andrew Gray, Yuliia, Olena, Alexander Tanas, Gabriela Baczynska, Nick Macfie, Sharon Singleton Organizations: REUTERS, European Union, European Commission, EU, Kyiv, Ukraine, Russia, Thomson Locations: Ukraine, Brussels, Belgium, Moldova, Bosnia, Georgia, BRUSSELS, KYIV, Hungary, Kyiv, Hungarian, Budapest, EU, Moscow, Tbilisi, Herzegovina, Sarajevo, Austria, Slovenia, Croatia, Netherlands, Britain
In mid-2020 Rome secured the lion's share of a 724-billion-euro kitty aimed at helping EU members emerge from COVID greener and more tech-friendly. Italy's 191.5 billion euros ($210 billion) of cheap loans and grants, to be received in tranches through 2026, was intended for productive investments in the bloc's most chronically stagnant economy. MICRO-PROJECTSMore than half the EU money is meant to go on digitalisation and ecological transition, with the rest devoted to sustainable transport, education, social cohesion and health. The government is still awaiting a 19-billion-euro tranche of the EU funds blocked in March over missed policy targets stemming from 2022. It brings Italy's byzantine rules closer to EU standards, but Gobbato said people will initially find it hard to adapt.
Persons: Flavio Lo Scalzo, Rome, Roberto Perotti, Giorgia Meloni, Mario Draghi, Giuseppe Conte, Carlo Messina, Intesa, Vittorio Soldavini, Davide Carlucci, It's, Gustavo Piga, Rome's, Ilaria, Dentons, Gobbato, Catherine Evans Organizations: REUTERS, Milan's Bocconi University, Treasury, European Central Bank, Technology, Tor Vergata University, Reuters, Thomson Locations: Milan, Italy, ROME, MILAN, tranches, Brussels, Italy's, Italian, Parma
Inditex is planning to open at least 10 new Zara stores across the US by 2025. At least a dozen other Zara locations will be revamped or enlarged, the retailer said. "This is a market in which for every $100 of fashion sold, we take less than $0.50 of that," García Maceiras said. Foot traffic is up at Zara stores around the world, and Inditex reported a 23% jump in store sales in 2022 across its portfolio of brands, which includes Zara, Bershka, and Massimo Dutti. Inditex plans to invest 1.6 billion euros, about $1.7 billion, in expanding its stores and warehouses worldwide, including a new Zara store on Paris' Champs Elysées, and at least 10 new locations across the US.
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