Thursday

29th Sep 2022

Ticker

Russia's war to cost Germans €260bn

Russia's war in Ukraine is to cost Germany's economy some €260bn by 2030 according to a study by the Institute for Employment Research. Its GDP will fall by 1.7 percent by next year, putting 240,000 Germans out of work, due to high energy prices, which will hurt the chemicals and metals industries, it noted. Inflation will also see Germans spend less on leisure, hitting the hospitality industry, it added.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Feature

Why northeast Italy traded in League for Brothers of Italy

EUobserver spoke with several business figures and all confirmed they voted for Georgia Meloni's Brothers of Italy because it promised stability, less bureaucracy and tax cuts. Matteo Salvini's anti-EU rhetoric scared them, while they trust Meloni has "more common sense".

Opinion

How US tech giants play EU states off against each other

Some have tried to justify Big Tech's meagre tax payments in EU states with heavier tax burdens by emphasising the fact that these companies create jobs and invest in next-generation technologies. However, their market dominance comes at a steep cost.

Deregulation of new GMO crops: science or business?

Academics and biotech research organisations with corporate interests have been leading the lobby campaign to deregulate new genomic techniques in the EU — using 'climate-friendly' and 'science-based' narratives, according to a report.

Investigation

The European shipping giants plying Putin's fossil-fuels trade

A vast network of European ships helps keep Putin's oil economy afloat. European vessels have shipped millions of tonnes of oil, gas and coal from Russian ports in the six months since the invasion, Investigate Europe and Reporters United reveal.

News in Brief

  1. EU takes Malta to court over golden passports
  2. EU to ban Russian products worth €7bn a year more
  3. Denmark: CIA did not warn of Nord Stream attack
  4. Drone sightings in the North Sea 'occurred over months'
  5. Gazprom threatens to cut gas deliveries to Europe via Ukraine
  6. New compromise over EU energy emergency measures
  7. 15 states push for EU-wide gas price cap
  8. EU: Nord Stream explosions 'result of a deliberate act'

Stakeholders' Highlights

  1. The European Association for Storage of EnergyRegister for the Energy Storage Global Conference, held in Brussels on 11-13 Oct.
  2. EFBWW – EFBH – FETBBA lot more needs to be done to better protect construction workers from asbestos
  3. European Committee of the RegionsThe 20th edition of EURegionsWeek is ready to take off. Save your spot in Brussels.
  4. UNESDA - Soft Drinks EuropeCall for EU action – SMEs in the beverage industry call for fairer access to recycled material
  5. Nordic Council of MinistersNordic prime ministers: “We will deepen co-operation on defence”
  6. EFBWW – EFBH – FETBBConstruction workers can check wages and working conditions in 36 countries

Latest News

  1. Everything you need to know about the EU gas price cap plan
  2. Why northeast Italy traded in League for Brothers of Italy
  3. How US tech giants play EU states off against each other
  4. Deregulation of new GMO crops: science or business?
  5. The European shipping giants plying Putin's fossil-fuels trade
  6. Russian ideologue and caviar on latest EU blacklist
  7. Netherlands tops EU social safety net for the poor
  8. New EU rules to make companies liable for their AI failures

Join EUobserver

Support quality EU news

Join us