Agreement reached on the EU's 2027 budget

The Council of the European Union and the European Parliament reached an agreement on the EU's 2027 budget, which is the final budget of the current multiannual financial framework. This budget aims to address crises and challenges, including the situations in Ukraine and the Middle East. Key allocations include €22.8 billion for the single market, €81.8 billion for cohesion, €61.2 billion for environmental protection, and €650 billion in loans for Ukraine. The agreement must be officially approved by both institutions within 14 days, with a final vote expected on November 23.