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,…
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 ECB’s committee has increased the refinancing rate by an…
Belgium has received a windfall of 625 million euros from the taxation of income from frozen Russian assets, according to a report by Le Soir. This comes after a recent audit of the state budget, which revealed a significant amount of funds. The frozen assets, worth 250.6 billion euros, were placed through the international depository…
The European Union plans to include four Russian banks, including Alfa-Bank, in the new package of 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 the…
The German government has announced a new set of tax reforms aimed at boosting economic growth and increasing investment in the country. The reforms are part of the government’s broader strategy to promote a favorable business environment and stimulate innovation. The main provisions of the tax reform include reducing the corporate tax rate from 15%…
Germany is still the leader in the ranking of countries of national brands. Between 2008 and 2021, 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 evaluates national brands on…
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…
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….
