In January, air freight rates to usual destinations were 60% higher than in the same period last year. Despite the increase in tariffs, the demand for this type of transport does not decrease. The latest data from the Baltic Exchange Air Transportation Index show that tariffs from Hong Kong to North America in January were…
The World Bank is working on a new system to assess the global business environment after suspending its Doing Business rating. The news was published by the international organization at the beginning of this month. The organization’s website states that the working title of the new index will be the Business Enabling Environment (BEE) rating….
On February 1, maximum prices for several categories of food products entered into force in Hungary. There is no compensation for sellers, so they have to bear the cost of the increases in goods. At the same time, the first discount store introduced a limit on the number of products purchased. Each country is looking…
Automobile sales in Europe fell in December. The trend continues for the sixth month in a row, indicating the difficulties automakers face due to the chip supply crisis. According to the European Automobile Manufacturers’ Association, the number of passenger car registrations fell by 22% last month. New car sales fell 1.5% last year. This is…
1. BNP Paribas was formed by merging of Banque Nationale de Paris (BNP) and Paribas in 2000, though, its company identification descends from its basis in 1848 as a French financial institution. This French multinational banking organization is the most important in Europe, running in seventy-two nations throughout 5 continents. It transformed into additionally recognized…
Official European currency – The euro was first introduced 20 years ago on January 1, 2002. It was put into circulation in 12 EU countries, including Belgium. Although a long time has passed since then, 17 billion Belgian francs remain in the hands of the Belgians, which is equivalent to 426 million euros. “Every day…
In 2021 German insurance companies paid the highest compensation compared to the previous 40 years. The companies spent 12.5 billion euros to compensate for the damage caused by natural disasters. A statement from the German Insurers’ Association, GDV, said: “The statistics have been recorded since the 1970s and 2021 has been the most expensive year,…
Delivery companies recently created new economies in both Europe and the world. It is a particular platform that connects the employer and the potential employee and is characterized by quite flexible conditions. Regardless of its definition, the same scope is carried by well-known taxis, catering, and other similar services. Companies look for employees that will…
The European Commission will no longer renew long-term contracts for natural gas imports from 2049. According to Bloomberg, the EU will decide to end such practices as part of the green energy transition. Due to the agency’s information, this initiative is very unprofitable for Russia, which is the largest supplier of natural gas in Europe….
According to the Spanish National Institute of Statistics (INE), inflation approached a 29-year high in the country. The main reasons for this are the rise in food and fuel prices. In November, prices increased by 5.6 %. For comparison, prices increased by 5.4 % in October. According to statistics, the inflation rate in September 1992…
