The French government is preparing a temporary increase in taxes for large companies and wealthy individuals as part of a plan to reduce the budget deficit. The country’s authorities are planning spending cuts and tax increases of around 60 billion euros in 2025, and expect to reduce the budget deficit to 5% of GDP from…
In August 2024, the price of gold increased by 2.3% per month. New record highs in the price of gold have become a regular occurrence in recent months – in August, the cost exceeded $2,500 per ounce for the first time. It should be noted that this time the situation is a little different. While…
The Eurozone economy experienced modest growth in the second quarter of 2024, according to the latest report from Eurostat, the European Union’s statistical service. The region’s Gross Domestic Product (GDP) rose by 0.2% compared to the previous quarter, reflecting a steady, if slow, expansion in economic activity across the bloc. This quarterly growth follows a…
From August 25, the Lithuanian Food and Veterinary Service (PVS) tightens control over Russian and Belarusian goods at the border points. In particular, it is known that enhanced checks will be carried out for human and animal health, and in the case of genetically modified organisms, to reduce the risks of harm to the environment….
Denmark has set a groundbreaking precedent in Europe by approving a new tax aimed at curbing carbon dioxide emissions from agriculture, a sector pivotal to its economy. Following five months of intensive negotiations involving farming and environmental groups, the Danish government reached a historic agreement on imposing taxes on harmful emissions from agriculture, as reported…
The political forces in the ruling coalition of Latvia are at odds over whether a tax should be imposed on bank profits and, if so, in what form. Everyone agrees that budget revenues can be increased at the expense of the banking sector, but it is impossible to reach an agreement on the form. This…
1.5 million new electric vehicles (excluding hybrids) will be registered in the EU in 2023. This is 48.5% more than the previous year. The data of the European Statistical Agency, Eurostat, is distributed by “Europulse”. The article mentions that there are currently 4.5 million electric vehicles on the roads of the European Union. Such cars…
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…
