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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.

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...
Politics

EU Intensifies Pressure: Six-Month Extension of Russia Sanctions

Newsdesk -
Brussels, – The European Council has chosen to extend its ranging sanctions, against Russia, for an additional six months due to the ongoing aggression and destabilizing actions by Russia in Ukraine. These measures,...
Economy

275 million euros processed in FX transactions by iBanFirst Bulgaria in 2024

Newsroom -
In the first half of 2024 the leading global provider of foreign exchange and international payments for businesses, iBanFirst,  processed 275 million euros in FX transactions for Bulgarian trading companies. In comparison to the...
Economy

Startup raises €1 million in one day from European private investors via SeedBlink

Newsroom -
In a remarkable achievement, .lumen, the startup dedicated to enhancing the mobility of the blind and visually impaired, has raised €1 million from private investors in one day. This milestone follows an extraordinary pitch event...
Animals

Denmark introduces €100 per cow ‘carbon emissions’ tax

Newsroom -
Denmark to charge farmers €100 per cow with first agricultural carbon tax A front-page article in the Financial Times said Denmark is introducing the world's first agricultural carbon tax, "which will see farmers charged almost...
Economy

Runway Rip-offs: Inflated Prices Plague EU Airports with 2 glasses of water at nearly 5 euros

Juan Sanchez Gil -
The exorbitant prices of water, coffee, and food at airports across the European Union have long been a source of frustration for travelers. Despite efforts to address this issue, airport vendors continue to charge...
Economy

Peace economy practices

Guest Author -
By Martin Hoegger. www.hoegger.org One of the strengths of the Focolare Movement is to combine the theoretical aspect of the themes addressed with practical testimonies. As part of the recent interreligious conference organized by this...
Economy

Royals at the European Green Deal Forum

Petar Gramatikov -
Green Transition Forum 4.0: New global perspectives for the CEE region is taking place on 26-28 June 2024, Bulgaria (Sofia Event Center, Mall Paradise). The forum dedicated to the European Green Deal and the green...
Economy

Resilient IT companies continue to hire in Bulgaria amidst global tech layoffs and hiring freezes

Guest Author -
By Abdenour (Nour) Bezzouh, Group CTO at myPOS In the US, over 340,042 tech employees have been laid off since late 2022, with at least 56,042 layoffs in 2024 alone. While Bulgaria is also affected,...
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