The Cypriot presidency of the EU Council has published its figures for beginning talks between governments over the bloc’s next long-term budget, for 2028-34. These would see Horizon Europe and the European Competitiveness Fund (ECF) hit particularly hard, with 4% cuts across the board relative to proposals from the European Commission.

https://data.consilium.europa.eu/doc/document/ST-10058-2026-INIT/en/pdf