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Economy

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International

Poroshenko‘s Lipetsk confectionery factory failed to challenge a multi-million dollar fine

News desk -
The Arbitration Court of Appeal of the Lipetsk Region upheld the decision to recognize as legal additional taxes, penalties and fines in the amount of 400.3 million rubles of Lipetsk Confectionery Factory Roshen JSC,...
Economy

G7 publishes principles for the operation of central banks with digital currencies

News desk -
G7 financial officials today published Central Bank Digital Currencies CBDCs, stressing that “digital currencies must not compromise financial and monetary stability; they must coexist, complement existing forms of money and promote innovation and payment...
Society

How can social efficiency criteria be defined?

Newsdesk -
A popular model for evaluating efficiency is the dependence "resources-costs-results", whose characteristic feature is the separation of the role of resource security and the costs of increasing efficiency from management. The following three factors are...
International

Flying car, air taxi and eVTOL: which air transport is considered safe

News desk -
In Japan, the SD-03 SkyDrive eVTOL flying car has been issued a safety certificate for the first time. By 2025, it can operate in the country as a taxi. "Hi-tech" tells what parameters can...
Europe

Nadia Calviño and Paschal Donohoe chat today about recovery

Newsdesk -
Conversation with Nadia Calviño and Paschal Donohoe on the “Opportunities for the euro area in the context of the recovery” In the last years, and as a consequence of the COVID-19 pandemic, the EU has taken...
Europe

President of the Eurogroup, Paschal Donohoe, travels to Spain

Newsdesk -
The Minister for Finance and President of the Eurogroup, Paschal Donohoe, will travel to Madrid today Monday 7th February for a series of bilateral meetings. Minister Donohoe will meet with his Spanish Eurogroup counterpart Nadia Calviño,...
International

Profits for billions: How Norway provides money for pensions

Newsdesk -
There is hardly another country in Europe that takes such good care of its retirees. In 2021, the Norwegian Sovereign Wealth Fund, from which the money for pensions comes, has realized a profit of...
International

“Energy Willows” herald a greener future for coal mines in the Balkans

Newsdesk -
Fast-growing trees are planted in closed coal mines - their calorific value was higher than that of brown or lignite. Fast-growing willows could soon become a common sight in the Balkan landscape if a pilot...
International

Energy crisis hits China’s economy

Gaston de Persigny -
The energy crisis in China has hit the country's economy as electricity rationing has cut domestic production, Reuters reported, citing a survey of economists. Export growth slowed in September - it increased by 21 percent...
Economy

Big Bank cuts 3,700 employees by 2025

Gaston de Persigny -
The large French bank Societe Generale said end of 2021 that it would cut 3,700 jobs between 2023 and 2025 as it merges its sales network with that of its Credit du Nord branch,...
News

Europe takes new values based approach for the Single Market

Newsdesk -
New approach to enable global leadership of EU standards promoting values and a resilient, green and digital Single Market Yesterday, the Commission is presenting a new Standardisation Strategy outlining our approach to standards within the Single Market...
Economy

Art and antiques market turbulence

Gaston de Persigny -
Global sales reached in 2021 approximately $ 50.1 billion Nowadays, even the banks themselves refuse to accept our deposits and redirect us to their other services. In such a situation, people think about an alternative...
Europe

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

Newsdesk -
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...
Economy

EU should crack down on breaches of the rule of law

Newsdesk -
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...
Economy

European countries protect their citizens from high electricity prices

Newsdesk -
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...
Economy

€47 million to protect intellectual property of EU SMEs

Newsdesk -
€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,...
International

Expensive electricity has ended television in Bosnia

Newsdesk -
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...
International

Russia fines Google 87 million euros

News desk -
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...
International

Only in Russia: New cars are delivered deep-frozen

Newsdesk -
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...
Economy

This is what the currency crisis in Turkey could lead to

Newsdesk -
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...
News

President of the Eurogroup travels to Germany, Latvia and Lithuania

Newsdesk -
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...
News

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

Newsdesk -
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...
News

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

Newsdesk -
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...
News

Inflation in Cuba in 2021 will exceed 70%

Petar Gramatikov -
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...
Economy

European Investment Bank supports ERCROS with €40 million

Newsroom -
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...
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