The European Central Bank (ECB) is making significant strides towards the introduction of a digital euro, aiming to modernize payment systems across the Eurozone. Far from replacing physical cash, this new digital currency is designed to complement it, offering a secure and convenient electronic option for the increasing number of online transactions. Preliminary guidelines for…
The Czech central bank has purchased $1 million worth of bitcoins and other blockchain-based digital assets to study the specifics of the digital market. The bank will publish the first results of the project in the next 2-3 years. The portfolio, which is mainly made up of bitcoins, also includes a US dollar-based stablecoin and…
Bulgaria is poised for a significant economic shift as it considers adopting the euro, a move that European Central Bank President Christine Lagarde acknowledges could trigger short-term inflation but ultimately yield substantial long-term benefits. Lagarde, speaking on the potential transition slated for early 2026, highlighted the strategic advantages of joining the eurozone despite initial economic…
The Hinrich Foundation has revealed the world’s most sustainable economies by 2025. The Sustainable Trade Index (STI) is an annual ranking of 30 selected global economies, developed in conjunction with the IMD World Competitiveness Center. The United Kingdom took first place in the 2025 ranking, after holding second place in 2023 and 2024. It is…
Microsoft has secured the top position for the second year running in the 2025 Best Employers ranking, a comprehensive annual assessment compiled by Forbes and Statista. The ranking, which scrutinizes a multitude of factors, ultimately featured 900 global companies recognized for their outstanding workplace environments. The methodology for the ranking was rigorous, focusing on essential…
The price of gold on US exchanges reached another record high yesterday, exceeding $4,000 for the first time in history. According to analysts, the rise in the price of the precious metal in the US is associated with economic and political instability, the government shutdown, a decline in employment and persistent inflation. US gold futures,…
In a significant move toward financial innovation, nine prominent European banks have joined forces to develop a euro-denominated stablecoin. Italy’s UniCredit and Banca Sella, the Netherlands’ ING Groep, Germany’s DekaBank, Belgium’s KBC Group, Denmark’s Danske Bank, Sweden’s SEB, Spain’s CaixaBank, and Austria’s Raiffeisen Bank International announced their collaboration in a joint statement, signaling the potential…
One of Germany’s largest financial institutions, Deutsche Bank, has increased its forecast for the gold price. According to the bank, the cost of one ounce is expected to reach $4,000 by 2026. It is worth noting that this forecast was previously set at $3,700. As the financial institution notes, the reason for such expectations is…
The European Central Bank said after its September meeting that consumer prices in the eurozone will increase by 2.1% in 2025 and by 1.7% in 2026. Three months ago, the regulator predicted the first indicator at 2%, and the second at 1.6%. Inflation in 2027 is expected to be 1.9%, compared with a previous forecast…
Germany’s inflation rate, measured by EU-harmonized standards, climbed to 2.1% in August compared to the same month last year, according to preliminary data released by Destatis, the Federal Statistical Office. The latest figures mark an acceleration from July’s inflation rate of 1.8%, breaking a trend of deceleration that had persisted since December 2022. The uptick…
