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CATEGORY

Economy

Culture

Record: Six million tourists visited the Ottoman palaces in Istanbul

Newsdesk -
The number of tourists visiting the palaces, mansions and pavilions associated with the Presidency of the National Palaces reached a new record in 2022, reaching over 6 million. This is a 98 percent increase...
Economy

EU investigation into cross-border VAT fraud of circa 32 million euros in 10 countries

Newsdesk -
Operation Display took place today in 10 EU Member States (Austria, Bulgaria, Czechia, Estonia, Germany, Hungary, Lithuania, the Netherlands, Slovakia and Slovenia), within the framework of an investigation into cross-border VAT fraud by the European Public Prosecutor’s...
Economy

French electric trains run in Romania at 160 km/h: the investment exceeds €350 million

News desk -
Romania is on its way to getting its first fully electric trains, Romania Insider reports. The machines were manufactured by Alstom and will be put into operation by the end of this year. The...
Economy

Founder of cryptocurrency platform arrested for laundering $700 million

News desk -
US authorities announced today that they have arrested a Russian who is the founder of Hong Kong-based cryptocurrency platform Bitzalto on charges of laundering $700 million from criminal activities, AFP reported. Anatoly Legkodimov, a 40-year-old...
Economy

Millions of Chinese head to their hometowns on the eve of the Lunar New Year

Newsdesk -
The Chinese government expects 2.1 billion trips to be made during the 40-day Lunar New Year holiday period that falls on Sunday, January 22 Millions of workers in China's major cities are on the road...
Economy

Italy, €10 million frozen in investigation into ‘Dutch sandwich’ tax evasion scheme

Newsdesk -
On 11 January 2023, in an investigation into tax evasion carried out by the European Public Prosecutor’s Office (EPPO), the Italian Financial Police (Guardia di Finanza) executed a freezing order of assets for a value...
Economy

EU Prosecutors discover a case of professional smuggling of luxury cars in Hamburg €3.5 million lost in import duties

Newsdesk -
Luxury cars - According to the result of investigations by the European Public Prosecutor’s Office (EPPO) in Hamburg and the Customs Investigation Office in Hanover, four persons are suspected of having formed a criminal...
Economy

OECD appoints Clare Lombardelli as Chief Economist

Newsdesk -
Clare Lombardelli has been appointed as the next Chief Economist of the OECD, starting on 2 May 2023. Clare was selected after a highly competitive merit-based selection process. She is a highly regarded economic policy...
Defense

Humanitarian crisis in Nagorno-Karabakh: Potatoes are a luxury, bananas are a dream

News desk -
Eco-activists are blocking the region's only connection to the outside world In the village of Teg, Armenia, stationary vehicles block the mountain road to a border crossing where a mysterious diplomatic traffic jam has stopped...
Economy

The largest deposit of rare earth elements in Europe discovered

Newsdesk -
The full extent of the deposit has not yet been established Europe's largest known deposit of rare earth elements - key to the production of electric cars - has been discovered in the far north...
Economy

Fitch with an unfavorable forecast for shipping deliveries in 2023

Gaston de Persigny -
Credit rating agency Fіtсh Rаtіngѕ presented its new report Glоbаl Ѕhірріng Оutlооk 2023, in which it revised downwards forecasts for commercial vessel deliveries from “neutral” to “deteriorating”.The unfavorable prognosis is mainly due to the...
Economy

Recovery plans: MEPs push for wise use of money, democratic oversight

Newsdesk -
Recovery plans - Countries should use the more than €700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say. The EU’s Recovery and Resilience Facility was set up...
Economy

The export of Swiss watches increased by 12 per cent, up to 23 billion francs

Gaston de Persigny -
During the January-November period, the export of watches increased by 11.9% and amounted to 22 million euros and 809.1 million francs. The export of Swiss watches to the USA on an annual basis c 32.9%,...
Economy

Blocktrade Exchange: The Decentralized Centralized Exchange in Europe Crossed 5000 Class B Shareholders

Newsdesk -
TALLINN, ESTONIA, January 9, 2023 /EINPresswire.com/ -- Blocktrade, the most decentralized centralized crypto exchange in Europe, has established itself as the best place for cryptocurrency trading and exchange. With a wide range of cryptocurrencies...
Economy

Eurogroup President, Paschal Donohoe, travels to Italy today

Newsdesk -
Mr Paschal Donohoe, President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery & Reform, will today, Monday 9th January 2023 travel to Rome to meet with Mr Giancarlo Giorgetti, Minister of...
Culture

Croatia joins the Euro and Schengen areas

Newsdesk -
On 1 January 2023 Croatia adopted the euro as its currency and joined the Schengen area. This marks an important milestone in the history of Croatia, of the euro and Schengen areas and of the...
Economy

Turkey has almost halved the price of gas for religious sites

News desk -
Turkey lowered gas prices by 42.73 percent for religious sites, places of worship, including mosques, churches and synagogues. The decision came into force on January 1, 2023. There will also be a reduction for...
Economy

New tax in Turkey from 01.01.2023

Newsdesk -
From the beginning of the new year, the residence tax comes into force in Turkey. This is likely to make tourism services more expensive. Its value is 2% of the amount of the relevant...
Economy

Istanbul welcomes 2023 with a drastic price increase for public transport

News desk -
Turkey's most populous city, Istanbul, where mass transit vehicles are widely used due to heavy traffic, has again raised ticket prices. The Transport Coordination Center (UKOME) of the municipality has announced a 29.1 percent...
Economy

The EU bans small shampoo bars in hotels

Gaston de Persigny -
The EU could ban miniature shampoos and shower gels in hotels, as well as single-use food containers in the fight against environmental pollution. The proposal is part of the European Green Deal, and in Europe...
Economy

France fines Microsoft 60 million euros for intrusive ads

Gaston de Persigny -
France imposed a fine of 60 million euros on the American technology giant Microsoft, "France Press" reports. The reason is to force users to accept advertising cookies. In the biggest fine imposed this year, the National...
Economy

Europe’s Darkest Political & Financial Scandals of 2022 Unveiled – except Qatargate

Newsdesk -
Get the inside scoop on Europe's worst political and financial scandals of 2022 with our comprehensive rundown!
Economy
00:45:45

REPowerEU – outlook on EU gas supply in 2023

Newsdesk -
Ursula von der Leyen: REPowerEU - outlook on EU gas supply in 2023 Good afternoon, I am very happy to welcome here Fatih Birol. We had a very good discussion on an energy outlook for Europe...
Economy

Growing partnership between Portuguese and American markets

João Ruy Faustino -
Markets // In 2021, Portuguese exports from the textile sector to the US increased by 42.8%, and the trend is poised to continue as American companies search for alternatives to Asia. This, however, is...
Economy

40% increase in people seeking support from Caritas and Eurodiaconia

Newsdesk -
Caritas Europa and Eurodiaconia are raising the alarm: in one year, there has been a 40% increase in people seeking support from their members’ social services. The two networks today publish the findings from...
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