BWB – Task Force Energy Sector: Abuse of Market Power and Cartelized Behavior of Electricity Companies? Vienna (OTS) – The office of Prof. Dr. On December 13, 2022, Georg Zanger submitted the attached statement of facts to the BWB and the Competition Department in Brussels. It expresses significant competition law concerns about the EUPHEMIA price … Read more
Inflation fell Inflation remains a major challenge for many countries in the world. As for the Gulf region, although it recorded last July its highest level in 11 years at 4.8%, the inflation rate fell to 4% in November, and is expected to continue its decline to 2.7% in 2023. PwC says that there are … Read more
Thousands of teachers from all over Portugal marched through the streets of Lisbon on Saturday 14 January. All are calling for better working conditions and higher wages. Protesters marched along Avenida Liberdade carrying signs that read, among other things; “Enough”, “Respect” and “Fighting is also teaching”, at a time when the government is proposing to … Read more
[Fed Barkin: Tend to slow down the pace of interest rate hikes and the terminal interest rate may be higher]Financial Associated Press, January 13th, the Federal Reserve Barkin said that he is inclined to slow down the pace of interest rate hikes, and the terminal interest rate may be higher; I tend to After the … Read more
Growing confidence in the recovery of the Chinese economy and mounting evidence of a cooling rate United States inflation forward in support to oil prices Raw for the sixth day. West Texas Intermediate crude rose by 1.3%, settling above $78 a barrel, in the longest streak of daily gains since February. The US Consumer Price … Read more
People are buying less and less. They are limiting their spending more significantly than during the pandemic, when many shops were closed or access to them was difficult. November retail sales fell for the seventh month in a row, according to statistics data. The Czechs mostly dampened food purchases, on the contrary, sales of cosmetic … Read more
The Japanese yen jumped 0.8% to record a session high of 131.36 against the dollar in Asian transactions. The yen jumps and the dollar stabilizes The yen received support today, Thursday, from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held close to its lowest … Read more
The average inflation rate for the year 2022 was 15.1% in the Czech Republic, which is the second highest value since the creation of an independent state. The prospects for its reduction in 2023 are not yet very promising, both according to the same price stability supervisor CNB and according to Czech bosses. This results … Read more
We spend more but consume less and, even, under the weight of inflation and high bills you also get to save on food. This is what is happening to Italian families forced in some way to deal with all the effects of the recent economic crisis. A crisis that seems to have helped to hit … Read more
Wage growth in the coming quarters will be “very strong relative to trends” in the Eurozone. The affirms it European Central Bank (ECB) in an Economic Bulletin which analyzes thewage trend and its determinants since the beginning of the pandemic. The expectation of strong wage growth rests on the strength of labor markets, which so … Read more