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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.

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...
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

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,...
Economy

Mexico: Drought will affect 89.5% of the country’s territory

Newsroom -
The area of Mexico affected by drought is expected to increase from "85.58% to 89.58% due to the lack of rain," reports Excélsior. The National Weather Service report attributed this to the prolonged third heat...
Economy

The consumption of fossil fuels has reached new heights

Newsroom -
The consumption of fossil fuels, but also of energy emissions on a global scale, reached record heights in 2023. That's what the global energy statistics report cited by Reuters says. Decommissioning fossil fuels and...
Economy

European Commission Unveils Ambitious €199.7 Billion Budget Proposal for 2025

Newsdesk -
The European Commission has made a landmark announcement today, proposing an annual EU budget of €199.7 billion for the year 2025. This substantial budget will be complemented by an estimated €72 billion in disbursements...
Economy

Norway restricts access to Russian tourists

Newsroom -
Norway will further limit the access of Russian tourists because of the ongoing war in Ukraine, the Norwegian Ministry of Justice announced end of May, as quoted by Reuters. Norway, which is a member of...
Economy

Currency war: Reality or fantasy?

Newsdesk -
Pressrelease // Every economic cycle has its currency war. In the 1920s, France, Germany, and Belgium devalued their currencies to return to the gold standard, which had been abandoned during World War I. In...
Africa

Maritime Security: EU to become an observer of the Djibouti Code of Conduct/Jeddah Amendment

Newsdesk -
The EU will soon become a ‘Friend’ (i.e., observer) of the Djibouti Code of Conduct/Jeddah Amendment, a regional cooperation framework to tackle piracy, armed robbery, human trafficking and other illegal maritime activities in the...
Economy

Wearing jeans once does as much damage as driving 6 km in a car 

Newsroom -
Wearing one pair of jeans once does as much damage as driving 6 km in a gasoline-powered passenger vehicle 
Economy

The owner of a chain of liquor stores is the fastest-growing billionaire in Russia

Newsroom -
The founder of the "Krasnoe & Beloe" (red and white) store chain, Sergey Studennikov, became the fastest-growing Russian businessman in the last year, Forbes reports. During the year, the 57-year-old billionaire became 113% richer...
Economy

Ukraine hopes to begin installation of Bulgaria’s nuclear reactors in June

Newsroom -
Kiev is sticking to the price of $600 million despite Sofia's desire to gain more from a possible deal. Ukraine expects to start building four new nuclear reactors this summer or fall, Energy Minister German...
Economy

INTERNATIONAL EXHIBITION OF VINE-GROWING AND WINE PRODUCING, WINE FESTIVAL

Newsroom -
VINARIA took place in Plovdiv, Bulgaria from 20 to 24 February 2024. The International Exhibition of Vine-growing and Wine producing VINARIA is the most prestigious platform for the wine industry in Southeast Europe. It showcases a...
Economy

Why diversifying trade is the only answer to wartime food security

Lars Patrick Berg -
The argument is often made about food, as well as about dozens of other “strategic goods”, that we must be self-sufficient in the face of threats to peace around the world. The argument itself is...
Economy

Christine Lagarde Addresses European Parliament on ECB Annual Report and Euro Area Resilience

Newsdesk -
In a pivotal speech delivered at the European Parliament plenary session in Strasbourg on 26th February 2024, Christine Lagarde, President of the European Central Bank (ECB), expressed gratitude to the Parliament for its collaborative...
Economy

Evaluating the EU’s Position and Challenges Ahead for the 13th WTO Ministerial Conference

Newsdesk -
As the World Trade Organization (WTO) gears up for its 13th Ministerial Conference (MC13), the European Union (EU)'s stance and proposals have emerged as pivotal talking points. The EU's vision, while ambitious, also opens...
Economy

Which national symbols did countries choose for their Euro?

Newsroom -
Croatia From January 1, 2023, Croatia adopted the Euro as its national currency. Thus, the country that entered the European Union last became the twentieth country to introduce the single currency. The country has chosen four...
Asia

European Sikh Organization Condemns Use of Force Against Indian Farmers’ Protest

Juan Sanchez Gil -
Brussels, February 19, 2024 - The European Sikh Organization has issued a strong condemnation following reports of excessive force used by Indian security forces against farmers protesting in India since February 13, 2024. The farmers,...
Economy

North Macedonia already exports nearly 4 times more wine than Bulgaria

Newsroom -
Years ago, Bulgaria was one of the biggest producers of wine in the world, but now it has been losing its position for almost 2 decades. This is the main conclusion of the initial...
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