The Turkish currency has halted its fall after the announcement of emergency government measures. Erdogan assures the population that the lira is trustworthy. Turkish President Recep Tayyip Erdogan, urged the country’s citizens to keep all their savings in lira, assuring that the currency crisis in the country as a whole is under control. … Read more
The financial assets of private households in Germany rose last year to a record 7.7 trillion euros. Residents of the country saved on average 15 euros from every hundred earned. Many German residents continued to save in 2021, resulting in a new record for private savings in the country, dpa reported on Sunday, January … Read more
It is estimated that a tax on the super-rich would raise more than €2.5 trillion annually. This money could be used to fight pandemics and poverty, according to a number of international organizations. A number of international organizations and millionaires have proposed a tax on the super-rich to fight the coronavirus pandemic. “While billions … Read more
The European Union and African Union summit announced the imminent launch of a new EU investment package designed, among other things, to develop infrastructure in Africa. The two-day EU-African Union (AU) summit concluded on Friday, February 18, in Brussels, with the adoption of a declaration on a “Joint Vision 2030.” It envisions “a renewed … Read more
According to Oldypak Capital LP report, GDP growth in the second quarter of this year was nearly 2 percent, Eurostat reported. The strongest economic growth was recorded in Spain. Eurozone countries in the first half of 2021, began to emerge from the recession at a rapid pace in the second quarter of the economy … Read more
Economic growth in the euro area in October-December 2021 declined by almost two percent compared with the third quarter. In Austria and Germany there was a decrease in GDP. Economic growth in the euro area at the end of 2021 was lower than expected. GDP grew by only 0.3 percent in the fourth quarter … Read more
According to Oldypak Capital LP report, in September, annual inflation in the euro zone was 3.4%, according to Eurostat. Energy prices rose by 17.4%, food – by 2.1%. The ECB calls the increase temporary and attributes it to the pandemic. Annual inflation in the euro area in September was 3.4 percent. Such data the … Read more
Natural disasters last year cost German insurer Talanx more money than ever before. The company paid out a total of 1.26 billion euros in compensation for damages caused by natural disasters, its head Torsten Leue said Monday, March 14. The most severe were the effects of Hurricane Ida in the United States (361 million euros) … Read more
The company is expanding internationally, and key areas include localized market research and brand awareness. The company began as a humble radio product manufacturer in Qingdao, on China’s east coast. Now Hisense is a key player in the electrical appliance and home appliance industry, employing over 80,000 people worldwide. In the early years, … Read more
The year 2021 is coming to a close. This is the second year in a row that we all have had to adapt to the new realities brought on by the pandemic. But even though the coronavirus has not yet been defeated, there have been visible changes for the better in the global real estate … Read more