After Russia’s invasion of Ukraine, almost all European states began to review their energy policy. 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 a top priority for the…
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. According to the same report, 851,690 vehicles were registered in the 27-member union last month. Significant growth was recorded in all major…
In 2023, 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 for…
Discussions regarding the transition to the euro 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 into the Eurozone,…
According to preliminary data, Germany’s economy shrank by 0.3% at the end of 2023. According to the German Federal Statistical Office (Destatis), the country’s GDP fell for the first time since the pandemic in 2020, it increased by 3.2% in 2021, and by 1.8% in 2022. Several factors slowed the German economy last year. Deutsche…
The World Bank publishes forecasts of economic growth in various regions. East Asia and the Pacific: Growth in the region is expected to slow to 4.5% in 2024 and 4.4% in 2025. Europe and Central Asia: Economic growth in the region is forecast to remain at a moderate 2.4% in 2024, before rising to 2.7%…
In a recent move to bolster control over the flow of sanctioned goods, Lithuania has implemented stricter regulations governing their export and transit through Belarus and Russia. The Lithuanian Customs Service announced these measures, emphasizing the need for enhanced scrutiny in order to prevent potential circumvention of sanctions. Effective from December 18, exporters engaging in…
EU labor legislation is considered one of the strictest. 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 level of demand, etc. According to…
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 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 optimistic…
