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…
The Central Bank of Latvia (LB) Latvijas Banka will issue a special silver collector coin on October 31 dedicated to 100 years of basketball in Latvia. 2023 will mark the 100th anniversary of the Latvian Basketball Federation, which was founded in 1923. The Impact of This Decision of The Bank of Latvia: “Latvia is proud…
In a bid to cover the growing expenses associated with the city’s development, Amsterdam is set to increase its tourist tax in 2024, according to an official statement. The Impact of this Tourist Tax to the People: Starting next year, the daily fee for cruise ship arrivals in the Dutch capital will see an uptick…
According to Eurostat, the Czech Republic has the lowest unemployment rate among the EU countries. The average level of unemployment in the EU is 5.9%, and in the USA – 3.8%. The Brief Stats of Lowest Unemployment Rate in Europe: Eurostat has conducted a separate study on the employment situation of young people under 25…
The European Statistical Agency, Eurostat, has released alarming figures regarding food waste average in Europe. On average, every European discards a staggering 131 kilograms of food annually, a concerning statistic that has garnered attention on a global scale. More than half of this excessive food waste, approximately 70 kilograms, is generated within households, emphasizing the…
In a concerning development, Eurozone retail sales took a significant hit in August, marking the steepest monthly decline in a year. This decline highlights the mounting pressure of high inflation and increased borrowing costs, which are placing a heavy burden on consumer spending within the region. According to a report by the Financial Times, the…
Car sales in Europe have been growing for more than a year in a row, and electric cars play an important role in this process. Bloomberg writes about this based on data from the Association of European Automobile Manufacturers. According to their data, in August the registration of new cars increased by 21% and amounted…
According to the European Commission, the economy of the Eurozone will grow more slowly than expected this year and next year. In its interim forecasts for GDP and inflation for the five largest euro area economies, the European Commission notes that euro area GDP will grow by 0.8% in 2023 and by 1.3% in 2024….
