After many consecutive months of hitting record milestones, inflation rates in European Union (EU) countries have initially cooled down. The pressure has eased somewhat, but high prices are still a big risk, threatening to hinder the recovery and growth of the EU economy in 2023.

In a video message on the occasion of the year- end, President of the European Central Bank (ECB) Christine Lagarde spread the belief that the bank will succeed in its efforts to reduce the current high inflation.

A summit commemorating 45 years of diplomatic relations between ASEAN and the EU is expected to usher in an era of better economic ties, reported German newswire DW.

Vietnam always considers Belgium a partner of leading importance in the European Union (EU), Prime Minister Pham Minh Chinh told his Belgian counterpart Alexander De Croo during their talks in Brussels on December 13 (local time).

The European Union (EU) has just taken another step in its efforts to cool down the energy crisis as member countries have agreed on a common deal to buy gas.

The increasingly serious energy crisis in the European Union (EU) has not only caused consequences for economic and social stability in member countries but also threatens to cast a shadow over the prospects for realising the bloc's climate goals.

Amid the shortage of energy supplies and sharp price increases, Europe has been seeking measures to cool down in the short term, as well as solutions for long-term stabilisation.

French Prime Minister Elisabeth Borne has announced a green fund of 1.5 billion to support local authorities to accelerate the ecological transition throughout the country.