“Sberbank” left the European market
[25-June-23 10:04:30]“Sberbank” announced the sale of its Austrian subsidiary Sber Vermоgensverwaltungs AG in Abwicklung, but did not specify the amount of the transaction. “The sale of...
2023
“Beyoncé Effect”: Singer’s Tour Spurs Inflation Increase in Sweden
[17-June-23 15:52:33]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...
EU and US Collaborate to Restrict Investments in China
[28-May-23 14:03:46]The European Union (EU) and the United States are reportedly strengthening their partnership to mitigate the potential risks associated with investing in sensitive technologies in...
Inflation in EBRD regions in March was 14.3%
[19-May-23 11:02:01]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...
IMF Projects Modest Economic Growth and Elevated Inflation for Eurozone in 2023
[12-May-23 16:17:30]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...
European Central Bank Tightens Monetary Policy
[5-May-23 13:28:24]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...
Car Sales in the EU Increased by 29% in March
[23-April-23 12:44:03]Car sales in the European Union increased by 28.8% to 1.088 million units in March compared to the same month last year. The information has...
Belgium Earns Several Million Euros from Taxation of Frozen Russian Assets
[14-April-23 17:26:16]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....
Inflation in the Eurozone Decreased to 6.9%
[7-April-23 16:04:39]Across the Eurozone, the pace of consumer price growth has slowed. In particular, in March the annual inflation level was 6.9%, in February this figure...
UBS’s Merger with Credit Suisse May Lead to Tens of Thousands of Job Losses
[23-March-23 15:35:02]UBS’s acquisition of Credit Suisse, Switzerland’s second-largest bank, could result in job losses of tens of thousands, according to an anonymous source cited in the...
EU Calls for Enhanced Surveillance of Sanctioned Technologies in Third-Country Trade
[16-March-23 9:24:10]The European Union calls on third countries to tighten the monitoring of trade with sanctioned technologies — Bloomberg reports that the monitoring will be applied...
Cargo transportation in Europe fell by 36%
[10-March-23 16:00:20]Cargo transportation in Europe suffered a sharp drop in the fourth quarter of 2022, with a 36% decrease in cargo shipments compared to the previous...
