As of January 1st 2007, the registry will offer .eu domain names for 5 euro to all accredited .eu registrars.

EURid, the registry for .eu domain names, yesterday announced that they have decided to lower the fees associated with owning a .eu domain name.

As of January 1st 2007, the price for registering a domain name and the annual renewal fee will be 5 euro as opposed to today's 10 euro. This fee set by EURid, is charged to the accredited .eu registrars and that they in turn set the prices for their customers. EURid is convinced that the price reduction will be carried forward and that end users will also benefit from reduced registration and renewal rates, given the competition between registrars, says the company.

"EURid is now following up on its promise to reduce the fees after one year of operation. We hope this will stimulate more users to see the advantage of having a true European Internet presence by choosing a .eu domain name," says Marc Van Wesemael, Managing Director of EURid.