Corner: electricity support to Ukraine in winter, Eastern European countries hold the key | Reuters

Corner: electricity support to Ukraine in winter, Eastern European countries hold the key |  Reuters

Vilnius/Warsaw (Reuters) – A giant transformer built in Ukraine in the 1980s and now disused is being dusted off and ready to go here in Lithuania. He will probably go to Romania in the next few weeks and from there go home to Ukraine. On December 21, a gigantic transformer, built in Ukraine in 1980 … Read more

Central Bank official: Interest rates must be driven to ‘tight zone’

Central Bank official: Interest rates must be driven to ‘tight zone’

With the central bank now signaling a higher final interest rate than many market participants expected, “reaching consensus” on next steps “certainly wouldn’t be easier,” Schnabel said. The German official said the European Central Bank had downplayed the importance of continued inflation previously and “didn’t initially take signs of rising inflation seriously enough” because it … Read more

Eurozone inflation fell to 10.1% in November

Eurozone inflation fell to 10.1% in November

The rate of inflation has slowed down Eurozone In November, it was lower than the preliminary reading, which supports the European Central Bank’s aggressive plans to combat price pressures. Consumer prices in the 19-nation single-currency area rose 10.1% year-over-year, according to Eurostat data released on Friday. At the same time, it was lower than the … Read more