In the first quarter of this year, compared to the same period of 2023, the number of international hotel reservations worldwide decreased by 19%. These are the conclusions of HotelHub experts based on the analysis of 15 million corporate hotel reservations. The company noted that the decline represents a “sharp upturn” from the gradual recovery…
In May 2024, Germany’s consumer prices, harmonized with EU standards, experienced a year-on-year increase of 2.8%, according to preliminary data from the Federal Statistical Service (Destatis). This marks an acceleration from April’s 2.4% rise. Every month, consumer prices grew by 0.2% in May, following a more substantial 0.6% increase in April. These figures surpassed analysts’…
Retail prices in Germany, harmonized with EU standards, rose by 2.8% year-on-year in May 2024, following a 2.4% rise in the previous month. These are the preliminary data of the country’s Federal Statistical Service (Destatis). Compared to the previous month, consumer prices increased by 0.2%. Consumer prices rose by 0.6% month-on-month in April. Analysts on…
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...
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…
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…
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…
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…
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 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…
