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Economy

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

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...

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

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...

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

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...

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

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...

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

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.

France melts down 27 million coins due to faulty design

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...

Nicola Beer appointed new Vice President of the European Investment Bank

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.

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

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...

10 Highly Paid Professions of 2023 in Europe

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...

A fine of 41.7 million euros for the largest banks in Greece

The Greek Commission for the Protection of Competition has imposed the largest fine imposed so far in the amount of 41.7 million euros on several banks in Greece, the Greek TV channel Sky reported. Piraeus...

Coal use set to record in 2023

Global coal supply is expected to hit a record high in use in 2023 on the back of increased demand from now with emerging and developing economies. This is according to a report, published...

The Flawed Sanctions Policy: Why Putin Wins

The EU's response to Putin's invasion of Ukraine raises concerns as EU exports to Armenia have surged 200% since the invasion, aiding Putin.

Old buses turned into a luxury hotel

It costs just one dollar to ride a Singaporean bus, but $296 to sleep on it Bus Collective is the first resort hotel in Southeast Asia to convert decommissioned public buses into luxury hotel rooms. The...

First Edition of the Forum From Us To Us Europe Brussels “How can we dialogue on our future transformations?”

On the occasion of the first edition of the International Forum From Us To Us Europe Brussels, an international conference is organized on Friday 24 and Saturday 25 November 2023 on the theme: “The...

Revving Up the Green Transition, MEPs Back Stricter CO2 Emissions Targets for Trucks and Buses

In a landmark move to combat climate change, the European Union's Environment Committee has thrown its weight behind stricter CO2 emissions reduction targets for heavy-duty vehicles (HDVs), which include trucks, buses, and trailers. This...

FX Market Outlook for 2024: What should European SMEs expect from their currencies and forex market

Paris, October 24th, 2023: In its 2024 Foreign Exchange Market Outlook released this week, iBanFirst, a leading global provider of foreign exchange and international payments for businesses, present in 10 European countries, provides SMEs, especially those doing international payments, with...

Will the export of Russian diamonds be banned?

Last week, the G-7 members engaged in discussions regarding four proposed plans aimed at preventing the export of large Russian diamonds. The Western countries' plan suggests that from January 1, 2024, the fate of...

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

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...

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

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.

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

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

OECD GDP growth slows slightly in the second quarter of 2023

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...

The Kia brand wants to flee Russia for Kazakhstan

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

Moscow court bans UBS, Credit Suisse from disposal transactions

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...

A Balkan State Introduces Compulsory Earthquake Insurance

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...

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

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...
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