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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 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...
Economy

Nexo’s claim against Bulgaria turned out to be over 3 billion dollars

Petar Gramatikov -
The claim of "NEXO" against Bulgaria, the Ministry of Finance and the Prosecutor's Office turned out to be over 3 billion dollars. This is clear from the digital asset company's announcement to the media...
Council of Europe

The Bulgarian National Bank has completed the process of coordinating and approving the design of the Bulgarian Euro coins

Newsroom -
The Bulgarian National Bank (BNB) has officially announced that it has completed the process of coordinating and approving the design of the Bulgarian euro coins. The final step in this process involved the approval...
Economy

Russia refuses to import bananas from Ecuador because of an arms deal with the US

Newsroom -
It has started buying the fruit from India and will increase imports from there Russia has started buying bananas from India and will increase imports from that country, the Russian Veterinary and Phytosanitary Control Service...
Economy

For the first time in Europe: simultaneously 3 planes can take off from Istanbul Airport

Newsroom -
An American magazine honored Istanbul Airport with 5 awards in December 2023. The airport has connections to 315 destinations, making it the best airport in the world. It was named "Airport of the Year" for...
Economy

Belgium Faces Major Disruptions Due to Farmers’ Protest, A Day of Standstill

Newsdesk -
Brussels, Belgium. The peaceful routine of Brussels was abruptly disturbed on Monday morning when farmers took to the streets in a protest that caused significant road closures. The mobilization of farmers in response to...
Asia

Election Year Needs to be a Fresh Start for EU and Indonesia

Juan Sanchez Gil -
The collapse of EU-Australia FTA negotiations and slow progress with Indonesia highlight stalled trade facilitation. The EU needs a new approach to promote exports and expand market access to Indonesia and India. Diplomatic outreach and consultation are crucial to prevent further conflicts and ensure a fresh start for both sides.
Economy

France melts down 27 million coins due to faulty design

Gaston de Persigny -
France has melted down 27 million coins after the European Union declared that their designs did not meet requirements. The Monnaie de Paris, the country's mint, produced the 10, 20 and 50 cent coins...
Economy

Nicola Beer appointed new Vice President of the European Investment Bank

Juan Sanchez Gil -
Nicola Beer, former Vice President of the European Parliament, brings extensive experience to her new role as a member of the EIB Board of Directors. Learn more about her achievements and the importance of the EIB in driving innovation and sustainability in the European Union.
Economy

MEPs can get circa 18000€ monthly, A Closer Look Beyond the Numbers

Charlie W. Grease -
As Members of the European Parliament (MEPs) navigate the complexities of legislating for the European Union, scrutinizing the financial aspects of their compensation becomes imperative when knowing they can get circa 18000 euros monthly...
Economy

10 Highly Paid Professions of 2023 in Europe

Charlie W. Grease -
In the job market of Europe, certain occupations have emerged as highly rewarding. As we move forward in 2023 it is clear that having a skillset in technology, finance, healthcare and strategic business positions...
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