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Economy

Get a comprehensive view of the European economy with The European Times. Our news coverage is backed by years of experience and a commitment to delivering accurate and timely information.

Economy

The Global Economy’s Crossroads—A Call for Bold Action

Juan Sanchez Gil -
As 2024 winds down, the global economy finds itself at a crossroads. While progress in taming inflation and stabilizing growth is evident, it’s hard to ignore the risks looming over our shared economic future....
Economy

EU’s longest-running discrimination case passes to the in-tray of Commissioner Mînzatu

Henry Rodgers -
A letter from Gianna Fracassi, Secretary-General of Italy’s largest trade union, FLC CGIL, has brought the high-profile case of the long-running discrimination against non-national university language lecturers(“Lettori”) in Italian universities to the immediate attention...
America

ARGENTINA Javier Milei’s First Year in Office: A Bold Vision or Polarizing Gamble?

Newsdesk -
In a much-awaited speech marking one year since his inauguration, Argentina's President Javier Milei presented a comprehensive and impassioned address, celebrating what he described as a transformative year for the nation. The speech, titled...
Economy

Bitcoin Surpasses $100,000 Amid Trump’s Government Appointments

Robert Johnson -
Bitcoin reached a historic milestone, surpassing the $100,000 mark for the first time. This surge in value is largely attributed to recent announcements from Donald Trump, the incoming U.S. president, who has appointed Paul...
Economy

European Courts’ Landmark Micula Ruling Sends Shockwaves Through Investor Protections

Marijana Milić -
BRUSSELS — Few investment disputes have garnered as much global attention as the case of the Micula brothers, two Romanian  investors based in Sweden, who embarked on a decades-long legal battle against Romania. What began...
Economy

Switzerland offers huge reward for ideas on how to remove ammunition from its lakes

Gaston de Persigny -
Switzerland’s picturesque Alpine lakes are hiding a dangerous secret: thousands of tons of ammunition. For decades, the Swiss military has used them as convenient dumps to get rid of obsolete and surplus ammunition. And...
Economy

What Bulgarian euro coins will look like

Newsroom -
The amount of euro banknotes that will be needed for monetary circulation in Bulgaria after the country enters the Eurozone amounts to 520 tons, which is equal to 25 autotrucks, and the amount of...
Economy

The US excludes the last major Russian state bank from SWIFT

Gaston de Persigny -
The last of Russia's major state-owned banks, which retains access to the SWIFT system for international payments in the world's major currencies, will become subject to new US sanctions. The White House is considering blacklisting...
Africa

Fintech Boom Drives Financial Inclusion in Africa, Yet High Funding Costs Block Climate and Digital Progress

Newsdesk -
In a newly released report, the European Investment Bank (EIB) reveals that Africa’s fintech sector has nearly tripled in size since 2020, bringing vital financial services to underserved communities across the continent. However, the...
Africa

The European Union and Morocco: Navigating Trade Relations and Geopolitical Issues

Lahcen Hammouch -
The European Union and the Agreements with Morocco: An In-Depth Analysis of Recent Developments The European Union (EU) has recently taken crucial decisions regarding its fisheries and agriculture agreements with Morocco, a matter that raises...
Economy

“Floating gas stations” in front of Bulgarian ports sell Russian fuel to passing ships

Newsroom -
Two Russian tankers "Nikolay Velikiy" and "Nikolay Gamayunov" were refueling ships leaving the ports of Varna and Burgas on the border of Bulgaria's 24-mile contiguous zone in the Black Sea. Risky offshore fueling was...
Economy

Triple increase in the fee that Turkish citizens pay when going abroad

Newsroom -
The fee for traveling abroad, which Turkish citizens pay, is increased from 150 to 500 Turkish lira (about 14 euros). The Ordinance was published in the issue of the Turkish State Gazette (Resmi Gazete)...
Economy

Russians or Russian companies have shares in nearly 12,000 companies in Bulgaria

Newsroom -
Russian citizens or Russian companies participate in 11,939 companies in our country. This is clear from the answer of the Bulgarian Minister of Justice Maria Pavlova to a question posed by the parliamentarian Martin...
Africa

Why Namibia plans to kill over 700 wild animals

Newsroom -
Namibia plans to cull 723 wild animals, including 83 elephants, and distribute the meat to people struggling to feed themselves due to a severe drought in South Africa, the environment ministry has ruled. The culling...
Economy

Bulgaria is selling dollar bonds for the first time in over 20 years

Newsroom -
The caretaker government aims to cover 1.5 billion euros worth of bonds maturing next week Bulgaria will offer US dollar-denominated bonds for the first time in 22 years as it tries to plug its budget...
Economy

Albania builds airport for over 103 million Euros to attract tourists

Newsroom -
Despite the fact that there is a 450-kilometer-long road strip, which is a wild occasion, Albania is protected by the destination of the flights and the Albanians this. Often compared to the Maldives, thanks to...
Economy

European Regulators Step In to Address German holding FWU AG Insolvency Crisis

Newsdesk -
Insolvency Crisis - The recent insolvency declaration by the German holding company, FWU AG, has sent ripples across Europe, impacting thousands of policyholders in Austria, Belgium, France, Germany, Italy, Luxembourg, and Spain. This move...
Economy

Investigation Goliath: Suspected ringleaders of international crime group charged with €93 million VAT fraud

Newsdesk -
(Luxembourg, 9 August 2024) – Three suspected ringleaders of an international criminal group were indicted yesterday at the Regional Court of Dusseldorf (Germany) for a €93 million VAT fraud, following an investigation by the...
Economy

Serbia is preparing a great economic coup in the EU

Newsroom -
Serbia plans to take one of the leading places in the supply of lithium to the markets of European countries. The country's president, Aleksandar Vucic, noted the possibility of producing about 58,000 tons of...
Economy

EIOPA’s Risk Dashboard: A Stable Yet Cautionary Outlook for Occupational Pension Funds

Newsdesk -
The European Insurance and Occupational Pensions Authority (EIOPA) released its latest Risk Dashboard, providing insights into the health of Europe’s occupational pension funds, officially known as Institutions for Occupational Retirement Provision (IORPs). The findings...
Economy

Poland’s Railway Transformation: A €230 Million Investment in Green Energy

Newsdesk -
On July 29, 2024, a significant step forward for Poland's railway system was announced with the European Investment Bank (EIB) extending a loan of PLN 1 billion (over €230 million) to Polska Grupa Energetyczna...
Culture

Ukraine will need nearly nine billion US dollars to restore its cultural sites and tourism, according to UNESCO

Newsroom -
Ukraine will need almost nine billion US dollars over the next decade to rebuild its cultural sites and tourism industry after the Russian invasion and war, UNESCO has announced, the Associated Press reported, cited...
Defense

The “Kalashnikov” Group increases the production for the first half of the year by 50%

Newsroom -
The "Kalashnikov" Group has increased its military and civilian production by 50% in the first half of the year compared to the same period last year, it said in a press release onc. It is...
Economy

The Scale-up gap: EIB Urges More Investment for Tech Innovators

Newsdesk -
European technology companies are encountering a hurdle, according to a report, from the European Investment Bank (EIB). The report underscores the need for financing to drive innovation and expansion. Maintaining its global technology leadership...
Economy

European Commission Probes Delivery Hero and Glovo for Potential Anticompetitive Practices

Newsdesk -
In a bold move to safeguard competition in the burgeoning online food delivery market, the European Commission has launched a formal antitrust investigation into two of Europe's largest food delivery companies, Delivery Hero and...
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