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Economy

EU refers China to the WTO following its trade restrictions on Lithuania

The EU has today launched a case at the World Trade Organization (WTO) against the People's Republic of China over its discriminatory trade practices against Lithuania, which are also hitting other exports from the...

EU should crack down on breaches of the rule of law

Disbursement of EU funds, including the Recovery Fund, must be tied to respect for the rule of law in all Member States. Systematic deficiencies in the rule of law always undermine the implementation of...

European countries protect their citizens from high electricity prices

Electricity prices have risen across Europe over the past year. According to analysts, the lifting of restrictions due to COVID-19 has led to huge demand for natural gas amid limited supplies. Blue fuel is...

€47 million to protect intellectual property of EU SMEs

€47 million fund to protect intellectual property of EU SMEs in their COVID-19 recovery and green and digital transitions Yesterday, the Commission and the European Union Intellectual Property Office (EUIPO) launched the new EU SME Fund,...

Expensive electricity has ended television in Bosnia

The Hyatt channel will stop broadcasting from January 1, 2022. Sarajevo-based Hyatt TV has announced it will stop broadcasting due to expensive electricity. Bosnia and Herzegovina's electricity company sells electricity at three times the price...

Russia fines Google 87 million euros

A Moscow court has fined Google more than 7.2 billion rubles (87 million euros) for systematically refusing to remove information that Russia considers illegal, world news agencies reported. This is the first such fine imposed...

Only in Russia: New cars are delivered deep-frozen

The machines arrive in this form in Vladivostok with the ship "Sunny Rio" Getting a new car in these times requires a lot of patience, because due to the lack of electronic components, customers are...

This is what the currency crisis in Turkey could lead to

70 percent of the world's hazelnuts are produced in modern Turkey. The industry employs about four million people. The costs for the hazelnut industry are also increasing - especially after the planned path to...

President of the Eurogroup travels to Germany, Latvia and Lithuania

President of the Eurogroup, Paschal Donohoe, travels to Germany, Latvia and Lithuania The Minister for Finance and President of the Eurogroup, Paschal Donohoe, will travel to Berlin, Riga, and Vilnius from Monday 10th to Wednesday 12th January...

Green and sustainable economy expected to generate global benefits, says the FindMED

The transition towards a green and sustainable economy is expected to generate multiple economic, social, and environmental benefits, and the investments needed for this transition are enormous and they will be bringing meaningful benefits...

Reflections on 20 years of the euro: joint article by Eurogroup members

Twenty years ago tomorrow, around 300 million Europeans held a brand new currency in their hands, the euro. From Lisbon to Helsinki to Athens, citizens were able to withdraw euro banknotes in their local...

Inflation in Cuba in 2021 will exceed 70%

By the end of the year, the average monthly salary will reach about 163 dollars The increase in consumer prices in Cuba in 2021 will reach 70 percent, said Minister of Economy Alejandro Hill, quoted...

European Investment Bank supports ERCROS with €40 million

European Investment Bank supports Ercros' innovation, decarbonisation and modernisation strategy with €40 million The funding will boost Ercros' strategy to reduce its greenhouse gas emissions by 39% by 2025.EIB support will strengthen the company's competitive...

The Russian Foreign Ministry – providing a loan to Afghanistan

Russian Foreign Ministry: the United States and the West should bear financial responsibility for the reconstruction of Afghanistan The United States and Western countries should bear full financial responsibility for the post-war reconstruction of Afghanistan....

Mergers: Commission approves acquisition of Nuance by Microsoft

The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of Nuance Communications, Inc. (‘Nuance') by Microsoft Corporation (‘Microsoft'). The Commission concluded that the transaction would raise no competition concerns in the European Economic Area (‘EEA').

The EC is imposing new rules on online businesses

The European Commission has proposed new strict rules for online businesses such as Uber and the many food delivery platforms, according to a statement on the institution's website. The EC proposal aims to classify...

finMED aims to increase funding for green innovation

Small and medium-sized enterprises (SMEs) are the driving force of the economy, both nationally and at European level, contributing significantly to job creation, value-added production and make a significant contribution to both national and European GDP.

Inflation rate hit a record high in the Eurozone in November 2021

The inflation rate reached a record high of 4.9 percent in November 2021 in the nineteen Eurozone countries, the highest since the European statistics institute Eurostat began its estimates more than two decades ago. A...

Trump received a billion to launch a new social network “Truth Social”

Trump's media group has received a billion dollar investment. The ex-president is going to launch his "anti-face" at the beginning of the new year Former US President Donald Trump's media group said it received a...

India: Complete ban on all private cryptocurrencies

India: Complete ban on all private cryptocurrencies and time for asset withdrawal The government has yet to give a clear definition of a private cryptocurrency It is reported that the Indian government will pass a bill...

Russia struck a preemptive blow with a crowbar, ahead of Europe

This week the Russian government decided to increase the export duty on ferrous scrap from 70 to 100 euros per tonne. The new rate will be in effect from January 1, 2022 and has,...

EU agrees on a common position on minimum wage directive

Social Europe continues to move forward and is a little closer to putting in place a common European system for the establishment of living minimum wages throughout the European Union

Britain facing a dry regime for Christmas

The British are already struggling with the crisis with a shortage of truck drivers Supermarkets in the UK are facing serious delays in alcohol orders before the festive influx for Christmas and New Year. Champagne,...

Financing sustainable development needed more than ever, says UN deputy chief Mohammed 

Securing the funding needed for sustainable development by involving as many actors from different sectors as possible, is more urgent than ever, amid a widening “trust deficit” between the haves and the have-nots, the UN Deputy Secretary-General said on Monday. 

The United States unexpectedly began to buy another type of fuel from Russia

With one hand, the United States is imposing sanctions against Russia and praying for "green" energy, while with the other it is buying more and more Russian traditional hydrocarbons. Until recently, the United States...
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