Friday

29th Mar 2024

Ticker

Report: EU exports to Russia drop by €30bn

A report by the Austrian Institute of Economic Research, out on Friday, says mutual sanctions between the EU and Russia have led to export losses of around €30 billion - or a decrease by some 10.7 percent from 2014 to 2016. Cypriot companies saw a 34.5 percent drop, followed by firms from Greece (23.2 percent), Croatia (21 percent) and Germany at 13.4 percent.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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