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...
German Business Confidence Continues to Surge, Reaching New Heights in April
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…
Energy Consumption Trends Across in Europe
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…
Almost 852,000 New Car Registrations in the EU in January
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…
Real Estate Prices in Germany Falling Sharply
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…
Will the Czech Republic Abandon the Czech Koruna?
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 2025
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…
Government of Cyprus Forbidding Banks to Operate in Russian Rubles
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…
Average Salary and Highest Paid Professions in the Eurozone Countries
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 Grows by 14.6%
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…
