European Parliament and Council reach agreement on 2027 EU budget

The European Parliament and the Council of the EU successfully concluded negotiations on the 2027 European Union budget on November 11, 2026, following a demanding process that lasted over 24 hours. The discussions focused on resolving significant disputes that had previously created a deadlock, with the goal of ensuring the smooth operation of European institutions.

A key figure in the negotiations was Cypriot Member of the European Parliament Michalis Hatzipantelas (EPP), who served as the rapporteur for the European People's Party. His leadership was credited with securing necessary resources for the budget, with a particular emphasis on strengthening security and enhancing the future readiness of the European Union. His contributions were formally acknowledged by European Budget Commissioner Piotr Serafin, Council lead negotiator Simon Harris, and European Parliament President Roberta Metsola.

This agreement marks the conclusion of a complex legislative phase. By prioritizing security and institutional stability, the negotiators have paved the way for the implementation of the 2027 financial framework, ensuring the union remains prepared for upcoming challenges.