202111.17
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The EU to Invest € 40 Billion in Global Projects to Compete with China

The European Union will present a strategy next week to allocate € 40 billion to develop the technological infrastructure. Bloomberg agency writes about this based on the relevant document. Brussels intends to oppose China’s economic initiative – “One Belt – One Road”. According to the agency, the EU’s new strategy is called the Global Gateway….

202111.11
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A New Wave of Increasing Gas Prices

On November 8, gas prices increased again in Europe. The reason was the information spread by traders that there is no sign that Russia will increase exports to Europe. At the end of October, Vladimir Putin instructed Gazprom to pump extra fuel into gas depots in Germany and Austria, which, at first glance, was good…

202110.15
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Inflation Rise in Eurozone

According to the EU Statistics Office, inflation in the euro area rose by 3.4% in September from 3% in August, the highest level since the 2008 crisis. The European Central Bank sees this as a temporary and pandemic event. Despite this optimism, rising prices in the EU have already become a serious and unpredictable problem….

202110.06
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European Airlines will Reimburse Vouchers for Flights Canceled during a Pandemic

After negotiations with the European Commission and the Consumer Rights Protection Representative, the sixteen major airlines were obliged to provide timely information and compensation in case of canceled flights. According to Justice Commissioner Didier Reynders, in the early stages of the pandemic, some airlines began offering vouchers to compensate customers for canceled flights. However, as…