UBS analysts have cut their eurozone GDP growth forecast for 2025 and 2026 due to the impact of US tariffs on European goods. The bank’s new forecast sees the eurozone economy grow by 0.5% in 2025 and 0.8% in 2026. Previously, GDP growth was expected to be 0.9% and 1.1%, respectively. UBS raised its 2027…
Austrian Interior Minister Gerhard Karner said that Vienna plans to lift its veto on expanding the Schengen zone, which means that Romania and Bulgaria will be able to join it fully, Deutsche Welle reported. According to the publication, the Austrian side may officially announce its decision at a meeting of EU interior ministers in Brussels…
From August 25, the Lithuanian Food and Veterinary Service (PVS) tightens control over Russian and Belarusian goods at the border points. In particular, it is known that enhanced checks will be carried out for human and animal health, and in the case of genetically modified organisms, to reduce the risks of harm to the environment….
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 European Central Bank (ECB) has announced a further tightening of monetary policy in response to rising inflation. In a statement released today, the ECB cited the need to overcome increased inflation as the primary reason for the decision. As part of the policy shift, the European Central Bank committee has increased the refinancing rate…
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 is still the leader in the ranking of countries of national brands. during the last few years, it has already been recognized as the country with the highest ranking seven times. The Anholt-Ipsos Nation Brands Index (NBI) ranking studies the current reputation of countries around the world through annual surveys. NBI Ranking Report for…
Portugal may end its “Golden Visa” program, which granted residency to wealthy foreigners in return for investment. Prime Minister Antonio Costa announced the news at the Web Summit held in Lisbon. According to the Prime Minister, the program launched in Portugal in 2012 has already fulfilled its purpose, and the government will review the current…
After the European Union froze $ 250 million in assets of Russian businessmen, the Italian government faced several problems. According to the Washington Post article, the main challenge of the country today is to manage the frozen villas of the Russians, which is quite expensive. There is also the question of what function the empty…
The Estonian government approved a sanction restricting the opportunities for Russian and Belarusian citizens to work or do business in Estonia and suspending the issuance of visas and residence permits. Minister of the Interior Kristian Jaani noted that the sanction is an additional step to avoid a contradiction, where international and state sanctions restrict the…
