Russia is conducting a military operation in Ukraine together with the armed forces of the Donbass republics. The West is reacting with repeated deliveries of arms to Ukraine and unprecedented sanctions. Read the latest developments here. Source link
Public debt in the Federal Republic has reached a new record high: as reported by the Federal Statistical Office, it now amounts to more than 2.3 trillion euros. The main reasons for this are the consequences of the Corona measures. At the end of last year, public sector debt to banks and private companies reached […]
In view of the rapidly increasing currency devaluation in the euro zone, the nervousness in the European Central Bank is increasing. Central bankers have been announcing an interest rate hike for the euro area for weeks. At the same time, the economic outlook is deteriorating. In June 2022, inflation in the euro zone reached a […]
Despite the central bank’s request to lift capital controls, the Russian currency continues to appreciate: On Monday the ruble hit a new multi-year high against the US dollar. The ruble soared on the Moscow Stock Exchange on Monday, hitting a new multi-year high against the US dollar. The rise came despite the central bank’s proposal […]
According to Russian Deputy Prime Minister Chernyschenko, Russia will already reach the pre-pandemic level in domestic tourism this year. On the agenda of the domestic travel industry is, among other things, the image cultivation of domestic tourism. The pre-pandemic level in domestic tourism will be reached by the end of 2022, Russian Deputy Prime Minister […]
Rising food prices in the Scandinavian country are fueling inflation. It has now reached 7.2 percent – a high since December 1991, when inflation was 7.8 percent. Electricity prices also contribute to inflation. Inflation in Sweden has continued to rise. In May, the inflation rate (based on the consumer price index with a fixed interest […]
Although Belgrade has so far not joined the EU sanctions against Russia because of the Ukraine war, the punitive measures of the international community will also affect the Western Balkans. The Serbian President warned of a “hard winter” on Tuesday. The pressure on Serbia to join Western sanctions against Russia over its military operation in […]
Since the start of the Russian military operation in Ukraine and the resulting Western sanctions, there have been significant price increases across the EU. This is also the case in Denmark, where inflation has risen to its highest level in decades. In Denmark, consumer prices have risen to their highest level in 38 years. This […]
The prices in Turkey are increasing rapidly. Even before the Ukraine conflict, the country had problems with inflation. Now the heightened international tensions are causing renewed shock waves in prices. Consumer prices in Turkey rose 69.97 percent in April compared to the same month last year, according to official data released on Thursday. Manufacturer prices […]
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