European Union finance ministers will, for the first time, open discussions this Saturday on a landmark proposal to channel nearly €200 billion in frozen Russian assets into Ukraine’s reconstruction, according to reporting from Politico. The European Commission is drafting a plan that would shift these immobilized Russian holdings into investments designed not only to preserve…
Retail sales across the eurozone showed a modest uptick in June, rising by 0.3% compared to the previous month, according to fresh data released by Eurostat, the European Union’s statistical agency. The increase fell slightly short of analysts’ expectations, which had forecast a 0.4% gain, as per estimates compiled by Trading Economics. The latest figures…
The European Union (EU) is prepared to make a deal with the US by August 1, despite concerns about the potential outcome. Europe is “preparing for the worst,” Bloomberg writes, citing sources. In early July, former President Donald Trump said that the United States would impose 30% tariffs on EU products from August 1. At…
Based on Eurostat data from 2022, Visual Capitalist calculated the average amount of pensions issued per pensioner per year in 35 European economies and identified the countries that spend the most on it. The article also provides the share of spending in gross domestic product (GDP). For reference, pension spending was determined by dividing the…
Retail sales across the eurozone declined at their steepest rate in nearly two years in May, reflecting growing economic concerns and a slowdown in consumer spending. The latest data, released by Eurostat, shows that seasonally adjusted retail sales fell by 0.7% in the eurozone compared to April, while the broader European Union experienced an even…
Global financial assets grew by 8.1% in 2024 to a record $305 trillion, according to the annual report of the international consulting company Boston Consulting Group (BCG). Strong stock markets and positive investor sentiment supported this. North America and the Asia-Pacific region remain the fastest-growing regions, with growth in US dollar terms of 14.9% and…
The International Monetary Fund (IMF) has warned of the threat of stagnation in the European economy due to trade conflicts and low domestic demand. The IMF’s April forecast for the eurozone economy provides for growth of only 0.8% this year, and the risks to this forecast are heavily skewed to the negative side, the fund…
Norway’s $1.9 trillion pension fund has called for urgent reform of Europe’s capital markets. The fund will submit its official response to a European Commission consultation this week, warning that the continent could fall further behind the US and Asia in terms of competitiveness, the Financial Times reported. Norway’s government pension fund, also known as…
The European Central Bank forecasts that consumer prices in the eurozone will increase by 2% in 2025 and by 1.6% in 2026. The forecast was published after a meeting at which the European Central Bank cut rates by 25 basis points. Three months ago, the regulator predicted inflation of 2.3% in 2025 and 1.9% in…
Bulgaria is reportedly on track to join the Eurozone in 2026, which would see the nation adopt the euro as its official currency. This development, highlighted by the publication “Politico” citing unnamed sources, suggests a significant step in Bulgaria’s European integration. According to Politico, both the European Commission and the European Central Bank (ECB) are…
