202207.29
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The French Parliament Approves a 20-Billion-Euro Package to Fight Inflation

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The lower Chamber of the French Parliament has approved a package of 20 billion euros to reduce inflation, as well as tax benefits to help families. Reuters reports. The lower house last week already approved a package of anti-inflation measures, which include an increase in pensions, a temporary cap on rent increases and an increase…

202207.22
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Eurozone Economic Activity Reduces First Time Since Early 2021

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According to Bloomberg, for the first time since the pandemic lockdown of early 2021, private sector activity in the eurozone has unexpectedly declined. “A sharp loss of new orders, job losses and worse business expectations all point to a pace of decline gathering further momentum.” “The biggest concern is the dire manufacturing situation, with manufacturers…

202206.24
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Vienna has been Named as the most Comfortable City to Live

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According to the annual ranking of the Economist Intelligence Unit, Vienna is the most comfortable city to live in in 2022. According to the Guardian publication, the Austrian capital has already won this title for the third time. Vienna topped the rankings for its stable conditions, good infrastructure, healthcare system, and diverse opportunities in the…

202206.17
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The US and the EU Conclude a Trade Truce

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The United States and the European Union have reached a peace agreement after a long dispute over aircraft subsidies. The trade conflict lasted for 17 years. The parties have had simultaneous lawsuits in the World Trade Organization since 2004. The lawsuits concerned the subsidization of American aircraft manufacturer Boeing and European competitor Airbus. Both sides…

202206.09
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The EU Trying to Achieve Energy Independence

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According to the Financial Times, Brussels also wants autonomy in agriculture, healthcare, technology and defense, but not at the expense of isolation. Unlike other industries, today the situation is the worst in energy sector. The security of a large part of the continent is ensured by the North Atlantic Alliance. Partner countries are also involved…

202205.26
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The Frozen Assets of Russian Oligarchs Becomes a Financial Burden for the Government of Italy

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After the European Union froze $ 250 million in assets of Russian businessmen, the Italian government faced several problems. According to the Washington Post article, the main challenge of the country today is to manage the frozen villas of the Russians, which is quite expensive. There is also the question of what function the empty…

202205.19
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Germans Running out of Beer Bottles

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German breweries have issued a warning stating that there may be a shortage of beer bottles this summer, citing increased production costs and a shortage of truck drivers. The executive director of the German Brewery, Holger Eichel, told the German newspaper Bild that the situation was “extremely difficult.” Due to inflation, breweries in new glass…