Cargo transportation in Europe suffered a sharp drop in the fourth quarter, with a 36% decrease in cargo shipments compared to the previous quarter. The decline was observed across the continent, according to a study by TIMOCOM, a European logistics platform. The decline was particularly evident in Germany, where cargo transportation had already dropped by…
Consumer prices or inflation in Germany rose by 9.2% in January. Inflation slowed down to 9.6% in December. The country’s Federal Statistical Management gives this data. The data aligned with the preliminary estimate and consensus of analysts polled by Bloomberg and Trade Economics. Why Inflation in Germany is Volatile: Consumer prices rose by 0.5% month-on-month,…
The European Union plans to include four Russian banks, including Alfa-Bank, in the new package of EU sanctions and ban the delivery of several goods to Russia. The new financial sanctions will affect four Russian banks, including the largest Alfa-Bank in Russia. In total, 130 individuals and legal entities are planned to be included in…
Germany has generated the most wind and solar energy out of 27 EU countries, Deutsche Welle reports. The EU got more energy from renewable energy sources than from gas. The data was published by analysts at Ember in a report on January 31. Ember researches the EU climate policy. Why Wind and Solar Energy Is…
Nowadays the total market capital of crypto on the international crypto exchange has increased to 2.32 trillion dollars, which is the highest figure of the year. In one week, the price of Bitcoin increased and became 23,000 dollars. The capitalization of the crypto-asset is in the range of 440 billion dollars. The Capital of Crypto…
The most popular crypto all time high has been broken recently, especially the top cryptocurrency, Bitcoin, which has broken another psychological boundary, and the entire digital currency market is still profitable. Investors may be rubbing their hands, even despite Monday’s price slip. In recent days, cryptocurrencies are constantly increasing. Investors are sharpening their teeth for…
In the third quarter of this year, compared to the same period of last year, the rent prices increasing especially for apartments and flat purchases in the European Union increased by 2.1% and 7.4%, respectively – Eurostat reports. According to their information, the purchase prices and rents for apartments in the European Union increased similarly…
If the EU wants to achieve zero greenhouse gas or low emissions by 2050, then it must immediately invest heavily in low emission technologies, according to a new study by aussiedlerbote.de. Researchers from the ETH University of Zurich write in the scientific journal Nature Climate Change that by 2025, at least 302 billion euros per…
Most (80%) of hotel managers across Europe consider rising energy prices the industry’s biggest challenge. The survey showed this – European Accommodation Barometer. A thousand hoteliers from 10 countries, including France, Germany and Spain, participated in the survey. They talked about the situation in the accommodation facilities during the last six months and the forecasts…
In order to overcome the sharply increased inflation, the European Central Bank decided to tighten the monetary policy. The ECB committee increased the refinancing rate by an additional 50 basis points, which is in line with the rate forecast by analysts. As a result of today’s decision, the main refinancing rate reached 2.0%. It’s worth…
