From 1 January to 30 June 2026, Cyprus will hold the Presidency of the Council of the European Union. Cyprus is holding the rotating presidency of the Council for the second time, this time as part of a presidency trio with Poland and Denmark.
The EU will end imports of Russian gas by November 2027 at the latest. The EU Council and the European Parliament have agreed on this.
European Union annual inflation was 2.4% in November 2025, down from 2.5% in October.
In the first 9 months of 2025, the average monthly imports of petroleum oil in the EU decreased by 18.3% in value and 6.6% in volume compared with the monthly average for 2024.
The European Commission has presented a draft plan to ease the ban on the sale of passenger cars and vans with internal combustion engines in the EU from 2035. According to the proposal, from that year manufacturers will have to meet the goal of reducing emissions by 90% (instead of the originally planned 100%).