Italy has reached the second spot in the European top of wine exporters

Italy has reached second place in the European top of wine exporters in the first half of 2022, with...

8 in 10 Europeans approve economic sanctions against Russia

8 in 10 Europeans approve economic sanctions against Russia, according to a recent survey coordinated by the European Commission.This Eurobarometer...

For the first time in history, China overtook the US as the Euro Area’s top trading partner

According to the research data analyzed and published by Comprar Acciones, Chinese imports from the EA rose by 5.6% and...

Erste Group expects an economic upturn for CEE countries in 2021

The corona pandemic caused the CEE economies to enter into recession in 2020, although that economic contraction has turned...

The Portuguese economy experienced the most severe decline since 1936

Portugal's GDP contracted by 7.6% in 2020, according to data released by the National Institute of Statistics (INE), almost...

Switzerland’s GDP down by 2.9%, most severe drop since 1975

Switzerland's GDP declined by 2.9% last year, the most severe drop after falling 6.7% in 1975, according to data...

Greece to repay 3.3 billion euros in debt to the International Monetary Fund

This year, Greece wants to repay 3.3 billion euros in debt to the International Monetary Fund from five billion...

OECD: Bulgaria recovery from the economic shock caused by COVID-19 will take time

A new OECD Economic Assessment of Bulgaria, says the recovery from the economic shock caused by COVID-19 will take...

PwC: The global economy is projected to rebound by early 2022

The global economy is projected to grow in 2021 by around 5%, the fastest rate recorded in the 21st...

A Czech city is relying on its own currency to boost the local economy

The city of Kyjov in the southeast part of Czechia will launch its own currency, called ”corrent”, in a...

Danish households’ financial net wealth increased in Q3 2020

The Danish households' financial net wealth increased by kr. 362 billion in the third quarter and reached kr. 5657...

Sweden is looking at the transition to digital currency

The Swedish government will analyze the feasibility of the transition to a digital currency, Bloomberg reports.Sweden is one of...

COVID-19 is changing consumer behavior worldwide

COVID-19 is having a lasting, worldwide impact on consumer needs, preferences and behaviors, according to a new report from...

Volt analysis: What FICO credit score do Romanians have

The average value of the FICO score in Romania is 635, according to a analysis performed on a sample...

US imports from China grows by 126% to $292 billion amid pandemic

Data presented by Bankr indicates the United States imports from China have grown by 126.29% to $292.64 billion between March to October...

Italian GDP expected to increase by 4% in 2021

In 2020 Italian GDP is expected to decrease by 8.9% and then increase in 2021 (+4.0%), latest Istat data...

Greece GDP recovered in Q3 2020 and recorded a 2.3% increase

Greece emerges worst quarterly economic decline reporting a 2.3% increase in third quarter of 2020, Reuters reports.Greece's GDP contracted...

Households in the EU have devoted almost a quarter of income to housing costs

In 2019, nearly a quarter (23.5%) of household consumption expenditure was devoted to ”Housing, water, electricity, gas and other fuels”, Eurostat...

Austrian economy grew by 12% in Q3 2020 compared to previous quarter

From July to September 2020, the Austrian gross domestic product (GDP) increased by 12.0% in real terms compared to April to June,...

Poland: New measures to support the economy amount to USD 10 billion

Poland is set to start a program worth about 9-10 billion dollars, meant to help the economy cope with...

UK consumer spending to fall by nearly £200 billion in 2020

Total UK consumer spending is expected to fall by a staggering £183.6 billion (14.9%) this year due to the COVID-19-induced lock...

Czech Parliament approved the largest income tax cut in decades

Czechia will cut the income tax next year, a measure that according to the Prague government would help the...

Italy, Spain and France are the largest wine producers in the EU

In 2019, the sold production of wine (including sparkling wine, port and grape must) in the EU was around...

Czechs living in the country’s largest cities have the highest purchasing power

Czechia has a per capita purchasing power of €9,179, which puts it almost 34 percent below the European average...

Average per capita purchasing power in Italy at €16,439 in 2020

In Italy the average per capita purchasing power is €16,439 in 2020, as shown on ”GfK Purchasing Power Europe...

Poland’s economy recovered in the third quarter of 2020

Poland's economy has recovered in the third quarter of 2020, according to data released on Friday by the Statistics...

EU household saving rate recorded its highest year-over-year increase

In the second quarter of 2020, the EU household saving rate recorded its highest year-over-year increase since the time series began...

EU to impose additional tariffs on „Made in USA” products

The European Union will impose additional tariffs on American products, European Commission Vice President Valdis Dombrovskis announced on Monday,...

Italian economy recovered slightly in the third quarter

In the third quarter, Italy Gross Domestic Product increased by 16.1% with respect to the previous quarter, whereas it...

Global economy to shrink by 4.5% in 2020 as China’s GDP grows by 1.6%

According to the research data analyzed and gathered by StockApps.com, the global economy is set to decline by 4.5% in...

Europeans’ concerns regarding financial and employment problems diminished

Europeans' concerns regarding their financial and employment problems diminished in the first four months since the first COVID-19 restrictions...

Bulgarian households deposits at BGN 58.152 billion in September 2020

At the end of September 2020, deposits of the non-government sector in Bulgaria were BGN 89.776 billion (80.9% of...

Blockchain technologies could boost the global economy USD 1.76 trillion by 2030

Blockchain technologies are expected to be adopted at scale across the global economy by 2025 and have the potential...

Global consumer spending to plunge by 8.6% to $44.3trn in 2020

According to data presented by StockApps, the coronavirus outbreak is expected to cut global consumer spending to $44.3trn in...

OTP is suing Croatia for the forced conversion of Swiss francs loans

OTP Bank announced on Monday that it has sued the Croatian government to recover losses of about 224 million...

Pandemic to trigger $4 trillion loss in global real GDP in 2020

Data presented by Buy Shares indicate that the global economy is projected to lose $3.94 trillion in real GDP. The loss...

Total EU fish catch in 2019 at 4.1 million tonnes live weight

The total EU fish catch in 2019 was about 4.1 million tonnes live weight. Spain’s fishing fleet accounted for about one fifth...

Polish exports from January to August 2020 at PLN 649.0 bn

Foreign trade turnover in the January – August this year according to exports at current prices amounted to PLN...

The Italian executive estimates an economic growth of 6% in 2021

The Italian government published on Tuesday morning an update of the macroeconomic projections for 2020 and 2021 and estimates...

European consumers prefer cashless payments

Cash is losing ground in Europe, given that 36% of respondents to the Payments and Open Banking survey, conducted...

The Czech economy recorded a record decline in the second quarter

The Czech economy contracted by 10.9% in the second quarter of 2020, the most severe decline in the country's...

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