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…
In a recent move, Lithuania has implemented stricter regulations governing their export goods 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 the export (re-export) or transit of sanctioned goods…
In Italy, banks will be taxed at 40% already this year, in case of high profits. Deputy Prime Minister and Infrastructure Minister Matteo Salvini said he would use the funds to help mortgagees and reduce taxes. This regulation, which according to “Bloomberg” surprised the markets and financial circles, was approved by the Italian government late…
According to the Statistical Service of the European Union, the difference between the prices of services and consumer goods, including food, remains in 27 states of the Union. Last year, the most expensive country was Ireland, where the cost of living was 46.4% higher than the EU average. It is followed by Denmark (+44.5%) and…
Inflation in Sweden rose to 9.7% in May, marking the first time in six months that the indicator fell below the double-digit threshold. However, it still surpassed the expectations of experts, causing concerns within the economic landscape. Danske Bank economists have identified an unexpected factor influencing inflation: American singer Beyoncé’s concerts. In May, Beyoncé kicked…
According to the latest Regional Economic Prospects of the European Bank for Reconstruction and Development (EBRD), early estimates of quarterly gross domestic product (GDP) growth in 2022 are preliminary and may be revised. “Inflation may be on the decline, but it remains in double digits in more than three-quarters of the countries where we operate….
The International Monetary Fund (IMF) has released its latest forecast for the global economy, indicating a slightly lower economic growth outlook for the Eurozone in 2023. According to the IMF’s April estimate, the projected economic growth rate for the Eurozone stands at 0.8%, while the expected level of inflation is 5.3%. The IMF’s global economic…
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…
Consumer prices in Germany rose by 9.2% in January. Inflation slowed down to 9.6% in December. This data is given by the country’s Federal Statistical Management. The data was in line with the preliminary estimate and consensus of analysts polled by Bloomberg and Trade Economics. Consumer prices rose by 0.5% month-on-month, which was also in…
