European Parliament is a State Owned organization headquartered in Belgium. Founded in 1958, it has an estimated 9,770 employees. The organization functions as the elected body of the European Union, comprising 751 members who are elected by the people of the EU member states. These Members work in close unison with the Commission and the Council to shape the laws and policies of the EU.

Revenue

Founded

1958

Headcount

9,761

Headquarters

Belgium

Primary Segment

Political Organizations

Ownership

State Owned

News Summary:

On February 13, 2026, the European Parliament moved to shorten subcontracting chains, with 332 MEPs backing a report advocating an EU strategy to combat worker exploitation, while 209 voted against and 33 abstained. Earlier the same day, the Parliament approved a new legally binding climate target, requiring the European Union to reduce greenhouse gas emissions by 90% by 2040 compared with 1990 levels. This measure forms part of the EU’s long-term pathway toward climate neutrality by 2050 and introduces an intermediate milestone between existing 2030 and 2050 objectives. Previously, on February 12, the Parliament co-chaired the Sixth Qatari-European Parliamentary Meeting, during which the Shura Council affirmed Qatar’s commitment to an active partnership with the European side on regional and international issues.
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