Lithuania’s economy will grow the fastest, and Latvia is also expected to grow. Although at the end of the year GDP will also begin to grow in Estonia, overall economic growth for the year will be negative, the bank’s press service reported. According to Luminor chief economist Lenno Uusküla, GDP growth rates in 2023 were … Read more
Nineteen EU countries impose inheritance, gift or estate taxes. However, when transferring property to close relatives, a very preferential regime is applied, so most inheritances remain tax-free. Inequality in the distribution of wealth is widespread throughout Europe. The richest 10% of people on the continent own a staggering 67% of the wealth, while half of … Read more
The IMF report predicts that the economy Latvia this year will grow by only 1.7%. For comparison: in October the IMF predicted that Latvia’s GDP would increase by 2.6% this year. Next year, Latvian GDP growth is planned at 2.4%. The latest forecasts say that inflation in Latvia this year and next is expected to … Read more
Barcelona has been immersed in a deep economic crisis for more than five years. A crisis that was hidden with accounting engineering until 2020, impossible to hide after the pandemic. With more than 1,000 million euros of debt and a budget that, despite having qualified for the quarter-finals of the Champions League, it does not … Read more
European Union (EU) leaders are moving toward an agreement next week to transfer about 50 billion euros ($54.1 billion) in aid to Ukraine, Latvian leader Edgars Rinkevics said, according to Bloomberg. President Edgars Rinkevic said a deal on Ukraine would include either an agreement with all 27 member states, or a “different mechanism” that would … Read more
When Donald Trump was president for the first time, Brussels managed to avert the worst-case scenario in transatlantic trade relations – a trade war over cars. Washington lawmakers, especially the Republican ones, and the American business community (plus its lobbyists) then created a defensive wall to prevent this. This time, however, Brussels might not be … Read more
2023-12-12 10:45:00 Bad news for some TCL users in Lyon. Price increases will be on the program for 2024. This new price list will be studied during the SYTRAL Mobilités board of directors scheduled for this Thursday. Highlighting “the sharp increase in the cost of energy“, the organization in charge of the TCL network announces … Read more
2023-11-29 16:38:00 (AFRICAN DEVELOPMENT BANK) – The African Development Bank announced on Monday that it had revised downwards its short and medium-term macroeconomic forecasts for Africa, for the years 2023 and 2024. The institution now expects 3, 4% this year and 3.8% next year, compared to 4.0% and 4.3% previously anticipated. These slightly lower forecasts … Read more