Original version

BBC World Service Online

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: European Union demands $2.7bn extra towards its budget from Britain

24/10/2014

European Union demands $2.7bn extra towards its budget from Britain

BBC World Service - World Business Report, European Union demands $2.7bn extra towards its budget from Britain

Britain is the biggest loser as the EU demands more money from some member states.

Britain loses most as the EU demands more money from some member states. Also, we talk to the boss of Ukraine's Naftogaz to get the latest on its supply row with Russia's Gazprom.

Britain is the biggest loser as the European Union demands more money from some member states. The European Commission reviewed the economic performance of all its members since 1995 and found that Britain, the Netherlands, Italy, Greece and Cyprus all performed better than expected and should therefore pay more towards the EU budget. France, Germany, Denmark, Poland and Austria are all due to get a rebate. 

Also, we talk to the boss of Ukraine's Naftogaz to get the latest on its supply row with Russia's Gazprom. 

Plus, shareholders in banana company Chiquita vote against a merger deal with Irish rival Fyffes. As a result, Chiquita will enter into talks with Brazil's Cutrale and Safra following their $14.50 a share offer.

Accessibility links

Programme Index

World Business Report

European Union demands $2.7bn extra towards its budget from Britain

Genres

Brand

BBC World Service Online

About BBC World Service