After Russia’s invasion of Ukraine, almost all European states began to review their energy policy due to energy consumption issues. At the policy level, most of them agreed that dependence on Russian oil and gas should be reduced. In addition, replacing fossil fuels to meet climate change and environmental goals is both a challenge and…
New car registrations on the European market increased by 12.1% year-on-year in January this year, which is a recovery compared to December 2023. This was announced by the Association of European Automobile Manufacturers. Some Facts about New Car Registrations: According to the same report, 851,690 vehicles were registered in the 27-member union last month. Significant…
In this year, real estate prices in Germany fell sharply. Researchers have already called this phenomenon unique. tagesschau.de writes about it. As Tagesschau reports, based on the results of the research of the Institute of World Economics in Kiel, the prices of residential buildings decreased by 8.9%, private houses – by 11.3%, and houses intended…
Discussions regarding the transition to the euro from Czech Koruna in the Czech Republic were renewed after the President’s New Year’s speech. He supported abandoning the koruna, saying the euro would be a logical future for the country’s export-oriented economy. However, the Czech Ministry of Finance does not see the point in moving the country…
The World Bank publishes economic growth forecasts for various regions including Asia, Europe, America, Middle East and Africa. East Asia and the Pacific: Growth in the region is expected to slow to 4.5% in 2024 and 4.4% in 2025. Economic Growth Forecasts Report Details: Europe and Central Asia: Economic growth in the region is forecast…
The government of Cyprus ordered the banks to stop all operations with the Russian ruble. Local publication Politis disseminates the information. At the same time, legal and accounting organizations began an inspection regarding the misuse of the accelerated business registration procedure, with the help of which Russians obtained residence and work permits in Cyprus. Updated…
EU labor legislation is considered one of the strictest and new rules including highest paid professions. It places special emphasis on working conditions and workers’ rights, anti-discrimination and occupational safety. However, when it comes to salaries, there are differences between countries, influenced by various factors: the state of the economy and the labor market, inflation,…
The EU passenger car market grew by 14.6% in October compared to the same period of the previous year. Growth continues for the 15th month in a row. That’s according to an industry group’s Tuesday report. In October, the number of new registrations of light vehicles in the European Union amounted to 855,484 units, according…
In an unexpected turn of events, the Eurozone unemployment witnessed a rise in its jobless rate, reaching 6.5% in September, marking a departure from the market’s anticipation of no change. This data, released by the EU’s statistical office, Eurostat, on Friday, revealed a marginal increase from the record-low 6.4% recorded in August. Contrary to the…
According to Christine Lagarde, the president of the European Central Bank (ECB), inflation in Eurozone will slow down in the coming years and in 2025, it will reach the target of 2%. The Data and Stats of Inflation in Eurozone: As Europe’s main banker says, he is not afraid of the political side of the…
