The Council of the European Union extended the sanctions against Russia for another six months, until January 31, 2025. Sanctions currently include, among other things, measures against Russian economic sectors, a ban on the import of crude oil transported by sea from Russia to the EU, and the suspension of licenses for several Kremlin-sponsored disinformation…
To tackle over-tourism and encourage local residency, Venice is set to increase its entrance fee to the city’s historic center. The fee, initially introduced at 5 euros in April, will rise to 10 euros starting in 2025. This increase is part of a broader strategy by city officials to manage the impact of high visitor…
Natural gas prices fell 5.3% month-on-month in June of this year, according to Galt&Taggart’s Commodity Market Review, which noted that despite the price decline, several important political events took place in the sector during the month. The study explains that “Russia’s share in EU natural gas imports may further decrease.” In particular, the five-year Russia-Ukraine…
In the first quarter of 2024, the housing market in the European Union exhibited varied trends, with an overall price increase but significant regional disparities. According to a recent Eurostat report, residential property prices in the EU rose by 1.3% year-on-year and 0.2% quarter-on-quarter. Out of the 27 EU member states, 19 saw an increase…
According to the data of S&P Dow Jones Indices as of May 31, 2024, in the ranking of the world’s largest stock markets, the United States leads the global stock market with a market capitalization of $54 trillion, which is 4.5 times greater than China’s market capitalization ($11.9 trillion) Japan occupies the third position with…
In the first quarter of this year, compared to the same period of 2023, the number of international hotel reservations worldwide decreased by 19%. These are the conclusions of HotelHub experts based on the analysis of 15 million corporate hotel reservations. The company noted that the decline represents a “sharp upturn” from the gradual recovery…
In May 2024, Germany’s consumer prices, harmonized with EU standards, experienced a year-on-year increase of 2.8%, according to preliminary data from the Federal Statistical Service (Destatis). This marks an acceleration from April’s 2.4% rise. Every month, consumer prices grew by 0.2% in May, following a more substantial 0.6% increase in April. These figures surpassed analysts’…
Retail prices in Germany, harmonized with EU standards, rose by 2.8% year-on-year in May 2024, following a 2.4% rise in the previous month. These are the preliminary data of the country’s Federal Statistical Service (Destatis). Compared to the previous month, consumer prices increased by 0.2%. Consumer prices rose by 0.6% month-on-month in April. Analysts on…
Microsoft, Amazon, Pfizer, and several other corporations plan to invest a record 15 billion euros in France. Information about this is spread by Sciencebusiness. Microsoft is allocating 4 billion euros, which is its record investment in the country for 41 years. It is known that the money will be used to create cloud services and artificial intelligence infrastructure in France. Amazon, in...
In a testament to Germany’s economic resilience, the index of German business confidence has experienced a notable uptick for the third consecutive month, soaring to its highest level since May 2023. The latest data, compiled by the Munich Institute of Economic Research Ifo, reveals a surge in confidence, with the indicator climbing to 89.4 points…
