Photo: European Union
On 7 March 2018, EU ambassadors endorsed an agreement reached with the European Parliament on a targeted revision of the rules for the funding of European political parties. This paves the way for the final adoption of the new rules by the Council, once the deal has been voted in the Parliament.
The revised rules close certain loopholes which have allowed the objectives of the current regulation to be circumvented. They will strengthen the European dimension of European political parties, ensure a fairer distribution of funds and beef up enforcement.
The Council and the Parliament reached an agreement on the changes on 27 February. The co-legislators are working rapidly to ensure that the new rules are in place before 30 June, when the European political parties can start applying for funding in the financial year 2019.
"The positions of the Council and the Parliament were close on this file, which has allowed us to come quickly to an agreement. We want to put an end to abuses, ensure more fairness in funding and increase transparency ahead of next year's EP elections."
Monika Panayotova, Deputy Minister for the Bulgarian Presidency of the EU Council
Read the full press release on the website of the Council of the European Union.