The European Commission still hopes that it could conclude a new partnership agreement with Azerbaijan in the next two months, sources have told EURACTIV, Trend reports.

The Italian government is confident it can reach a compromise with Brussels and avoid sanctions over its deteriorating public finances, the economy minister said as talk of a looming government crisis grew, Trend reported citing Reuters.

The euro zone economy will rebound next year from a slow-down in 2019 and unemployment will fall further, but inflation is likely to stay at this year’s levels and below the European Central Bank’s target, the European Commission said on Tuesday, reports Trend citing to Reuters.

The European Commission has achieved its vision for an energy union, continuing to position the European Union as a world leader on renewable energy, Trend reports citing Eurogas.

European Commission has launched consultations on list of candidates for gas projects of common interest (PCIs), Trend reports with reference to the organization’s website.

The investments worth 2.8 billion euros will be spent to complete the construction of five logistics centers, including the sea trade port in Azerbaijan’s Alat, Director-General for Mobility and Transport (MOVE) of the European Commission Henrik Hololei said at a briefing Feb. 19, Trend reports.

The Ministry of Transport, Communications and High Technologies of Azerbaijan considers the expansion of international cooperation to develop the country's transit potential a priority.

Azerbaijan and the European Commission will discuss a draft agreement on common aviation space, a source in the Ministry of Transport, Communications and High Technologies of Azerbaijan told Trend Feb. 15.

The European Commission (EC) revised its forecast for the average annual price of Brent crude oil in 2019-2020, sharply lowering the estimate to $ 61 per barrel amid growing production in the United States and Canada.

The European Commission (EC) is ready to support three transport projects in Azerbaijan, worth 1.1 billion euros, Trend reports citing the Indicative trans-European Transport Network (TEN-T) Investment Action Plan, co-authored by the EC and the World Bank.