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…
Cars for sale in Europe have been growing for more than a year, and electric cars play an important role in this process. Bloomberg writes about this based on the Association of European Automobile Manufacturers data. Why Cars for Sale in Europe Are Up: According to their data, in August, the registration of new cars…
According to the European Commission, the economy of the Eurozone economy 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…
Europe Cars for Sale increased all over the European Union by 15.2% in July compared to the same month last year. Sales growth has been going on for 12 months now. This is stated in the report of the European Automobile Manufacturers Association (ACEA). The number of new passenger cars registered in EU countries (excluding…
Digital nomads are guided by the following criteria when choosing a country to live in. These are the cost of living, comfortable climate, presence of digital visa, and good internet. 4 islands in Europe fit all criteria perfectly. The Future of Remote Work in Europe: No doubt, millions of people are doing remote work, including…
Italy will levy a tax on banks with up to value in the coming months. In Italy, banks will be taxed at 40% already this year, in case of high profits. Deputy Prime Minister and Infrastructure Minister Matteo Salvini said he would use the funds to help mortgagees and reduce taxes. This regulation, which according…
Larry Fink, CEO of the BlackRock investment company, said in comparison with BTC vs USD that Bitcoin could become one of the leading assets in the global financial sector in the future, Fink announced on CNBC. The Future Prediction for BTC vs USD: According to the CEO of BlackRock, BTC can even surpass the US…
According to the Statistical Service of the European Union, among the most expensive EU countries, the difference between the prices of services and consumer goods, including food, remains in 27 states of the Union. Last year, the topper on the list of the most expensive EU countries was Ireland, where the cost of living was…
Sberbank announced the sale of its Austrian subsidiary Sber Vermоgensverwaltungs AG in Abwicklung but did not specify the amount of the transaction. “The sale of our European subsidiary Sberbank Europe AG to a foreign investor is due to the current situation in the world. The Economic Conditions for Sberbank in Europe: We are satisfied with…
Beyonce Effect has been affected due to Inflation in Sweden, which rose to 9.7% in May, marking the first time in six months that the indicator fell below the double-digit threshold. However, it still surpassed the expectations of experts, causing concerns within the economic landscape. Danske Bank economists have identified an unexpected factor influencing inflation:…
