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Economy

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Economy

Unemployment Rates Maintain Consistency Staying Below 5% for the Consecutive Month

Newsdesk -
In a remarkable demonstration of economic resilience, the unemployment rate among countries in the Organisation for Economic Co-operation and Development (OECD) remained steady at 4.8% in July 2023. This marks the month in a...
Economy

OECD Survey – EU needs a deeper Single Market and to accelerate emissions reduction to growth

Guest Author -
The latest OECD survey looks at how European economies are reacting to the negative external shocks as well as the challenges facing Europe moving forward.
Economy

OECD, What is the Organization for Economic Cooperation and Development?

Newsdesk -
Ever wondered what the OECD is and why it matters? Learn about this influential organization that shapes global economics and policymaking.
Economy

OECD GDP growth slows slightly in the second quarter of 2023

Newsdesk -
Gross domestic product (GDP) in the OECD rose by 0.4% quarter-on-quarter in the second quarter of 2023, slightly down from 0.5% growth in the previous quarter, according to provisional estimates. This extends the consistent...
Economy

The Kia brand wants to flee Russia for Kazakhstan

Newsroom -
Hyundai is also losing hope and considering selling its plant in St. Petersburg, according to Moscow media
Defense

Moscow court bans UBS, Credit Suisse from disposal transactions

Gaston de Persigny -
Russia's Zenit Bank believes it is at risk of possible losses related to a loan granted in October 2021 in which it participated - but was then blacklisted A Moscow court has banned the Swiss...
Economy

A Balkan State Introduces Compulsory Earthquake Insurance

NewsdeskTET -
The Albanian government proposed for public discussion a draft law on mandatory earthquake insurance of homes. The bill provides for mandatory insurance of all homes and parts of homes that are used for commercial...
Economy

How can telco’s really deliver on their sustainability promises?

Newsdesk -
Many international telcos are now making concrete promises to reduce their emissions. A new player in the Belgian mobile telecom market, UNDO, is a next-generation sustainable company developed from the ground up to actively...
Economy

Italy secures €247 million for modernization and safety on A32 motorway

Juan Sanchez Gil -
Italy has secured €247 million from the European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP), UniCredit, SACE, and Società Italiana per il Traforo Autostradale del Frejus S.p.A (SITAF) for modernization and safety on...
Asia

Renewed Efforts Underway for EU-Philippines Free Trade Deal to Boost Strategic Ties

Newsdesk -
The EU and Philippines plan to restart negotiations for a free trade agreement, aiming to strengthen ties and deepen trade relations in Southeast Asia.
Economy

Purchases of cognac and vodka reduced in Russia

Gaston de Persigny -
Russians are probably buying counterfeits. They have sharply reduced their purchases of cognac and vodka, writes Vedomosti newspaper. According to Rosstat data, quoted by the newspaper, sales of vodka decreased by 16.4% during the year, and...
Economy

Zakharova addressing Bulgaria: You will sell your nuclear reactors to people who have turned to terrorist activities

Newsdesk -
According to the Russian Foreign Ministry, the USA aims to indirectly damage the EU's economy. The spokesperson highlights the Ukraine conflict and US influence.
Economy

EU and New Zealand Sign Ambitious Free Trade Agreement, Boosting Economic Growth and Sustainability

Jan Leonid Bornstein -
The EU and New Zealand have signed a groundbreaking free trade agreement, promising economic growth and sustainability. This FTA eliminates tariffs, opens new markets, and prioritizes sustainability commitments. It also boosts agricultural and food trade while setting new standards for sustainability. The agreement is awaiting approval from the European Parliament, signaling a new era of economic cooperation and prosperity.
Economy

Ukraine is interested in buying the reactors for the Bulgarian Belene NPP

Newsdesk -
The former director, Valentin Nikolov, of the Bulgarian Kozloduy Nuclear Power Plant  specified already in May this year that the Ukrainians are interested because very few countries in the world are already building such reactors. Ukraine...
Economy

If you are a tourist in Dubrovnik, be careful with your suitcase – you risk a hefty fine

Newsdesk -
Under a new law, suitcases must be carried rather than dragged through the streets of Dubrovnik's old town in Croatia, and anyone caught rolling their luggage will be fined €265. Anyone planning to visit Dubrovnik...
Economy

“Quiet Asphalt” will reduce the noise on the roads in Istanbul by 10 decibels

News desk -
Reduces noise caused by friction between the wheels and the road surface. "Quiet Asphalt" will reduce the noise level on the roads in Istanbul by ten decibels. The project aims to deal with the deepening...
Economy

The Council of the EU accepted Bulgaria’s position on essential oils

Newsdesk -
On the last day of the Swedish presidency of the Council of the EU, the member states, at the level of the Committee of Permanent Representatives - COREPER I, approved a legislative proposal that...
Economy

Global appetite for solar panels exacerbates silver shortage

Newsdesk -
Opportunities to increase extraction are limited Technological changes in the production of solar panels are boosting demand for silver, a phenomenon that is deepening a shortage in the supply of the precious metal, while there...
Economy

MEP Maxette Pirbakas deciphers EU agricultural policy

Newsdesk -
French MEP Maxette Pirbakas, a member of the Committee on Regional Development and national president of the Rassemblement pour les français d'Outre-mer (RPFOM), was invited to take part in the monthly programme and discuss...
Economy

Florence is chasing Airbnb and similar platforms out of its historic center

Gaston de Persigny -
The authorities in the busiest tourist centers will have the right to impose a minimum stay of at least 2 nights Florence intends to ban short-term rental platforms such as Airbnb from using apartments in...
Economy

In Chukotka sell eggs only with a passport

Newsdesk -
In the town of Bilibino in Chukotka, Russia, they started selling eggs only after presenting a passport. This was announced by the governor of the region, Vladislav Kuznetsov, on his Telegram channel. He explains...
Economy

Influencers in France face jail under new laws

Gaston de Persigny -
Influencers in France can now be jailed if found to have broken new promotion rules after a law was officially passed, CNN reported. The tough new laws aim to protect consumers from misleading or...
Economy

Japan will extract electricity from the Sun

News desk -
The technology will be tested in 2025. Japan is preparing technology that will allow it to "harvest" electricity from the Sun and send it to Earth. The technology was tested once in 2015, and in...
Africa

Egypt starts construction on the world’s longest man-made river

Newsdesk -
Egypt has announced plans to build an artificial river 114 kilometers long. The project, estimated at $5.25 billion, will improve food security and increase the country's agricultural exports. The national project called "New Delta" is...
Economy

Bananas – a “socially important product” in Russia

Newsdesk -
In addition, the protocol states a temporary reset of the tariff rate for bananas Bananas may become a "socially important product" in Russia, and import duties may be temporarily removed, the "Izvestia" newspaper reports, referring...
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