“The drop in year-on-year inflation was such that not only inflation itself but also prices fell. So we have deflation for September. All of this was stronger than expected,” emphasizes Datarun economist Petr Bartoň. “When even the rise in fuel prices could not prevent deflation, it is certainly a strong signal for the central bank … Read more
Inflation has fallen below 2 percent in three eurozone member states. That is the level that the ECB has in mind. These are Spain, Luxembourg and Belgium. Inflation according to the harmonized European measurement method in our country was 1.6 percent in June, the same as in Spain. In Luxembourg the figure was 1.0 percent. … Read more
The euro zone confounded previous forecasts and contracted for two consecutive quartersdata showed Thursday, as energy shocks, the war in Ukraine, inflation and monetary policy tightening cut into growth momentum over the winter, Politico reported. The data showed the 20-nation currency zone had failed to avoid recession – albeit a very shallow one for now, … Read more
Fitch’s downgrade of France’s credit rating on Friday underscores how much the eurozone has changed since 2004. Back then, the Czech Republic as a “four-wheeler” should have entered the “one-wheelers”, today the Czech Republic is a “two-wheeler” and should be included among the “worse three-wheelers”. When the Czech Republic joined the EU on May 1, … Read more
The global financial markets have been gripped by fear as the escalating COVID-19 pandemic threatens to send the world economy into a deep recession. The eurozone has not been spared, and investors have become increasingly concerned about the stability of its banking sector. Despite the recent plunge in bank shares, EU leaders have been quick … Read more
The European Central Bank (ECB) is reportedly gearing up to increase interest rates in the near future, despite significant turbulence in the banking sector. Recent months have seen several major banks struggling with financial difficulties, with some even facing collapse, prompting concerns about the stability of the financial system. As a result, the ECB’s potential … Read more
Show more You can also listen to the article in audio version. What you will read in the analysis Czech companies take out crown loans from banks instead huge amount of loans in eurosfor which – unlike crown bonds – they do not pay such high interest. He transfers a large part of these loans … Read more
Inflation data for the 20-country eurozone is expected to be announced tomorrow, Thursday, and economists expect inflation to slow to 8.3% from 8.6%, while core inflation, which has been of interest to European Central officials recently and excludes volatile energy and food costs, is likely to remain at a record level. It is 5.3%. When … Read more
The banks talked about what awaits us when our country enters the Eurozone. In the future Law on the introduction of the euro in Bulgaria, it should be explicitly mentioned that the intended continuation of the existing contracts and the automatic recalculation of credits, deposits and funds on accounts and loans will take place without … Read more
LONDON/BRUSSELS (Reuters) – Europe continued to record record temperatures through the end of the year and into the new year. Environmental activists have called for more urgent action to tackle climate change, a relief for governments grappling with soaring natural gas prices. From Switzerland to Poland to Hungary, temperatures have hit record highs in recent … Read more