Christine Lagarde Addresses European Parliament on ECB Annual Report and Euro Area Resilience
In a pivotal speech delivered at the European Parliament plenary session in Strasbourg on 26th February 2024, Christine Lagarde, President of the European Central Bank (ECB), expressed gratitude to the…
Why diversifying trade is the only answer to wartime food security
The argument is often made about food, as well as about dozens of other “strategic goods”, that we must be self-sufficient in the face of threats to peace around the…
INTERNATIONAL EXHIBITION OF VINE-GROWING AND WINE PRODUCING, WINE FESTIVAL
VINARIA took place in Plovdiv, Bulgaria from 20 to 24 February 2024. The International Exhibition of Vine-growing and Wine producing VINARIA is the most prestigious platform for the wine industry…
Ukraine hopes to begin installation of Bulgaria’s nuclear reactors in June
Kiev is sticking to the price of $600 million despite Sofia’s desire to gain more from a possible deal. Ukraine expects to start building four new nuclear reactors this summer…
The owner of a chain of liquor stores is the fastest-growing billionaire in Russia
The founder of the “Krasnoe & Beloe” (red and white) store chain, Sergey Studennikov, became the fastest-growing Russian businessman in the last year, Forbes reports. During the year, the 57-year-old…
Wearing jeans once does as much damage as driving 6 km in a car
Wearing one pair of jeans once does as much damage as driving 6 km in a gasoline-powered passenger vehicle According to scientists, wearing a pair of fast fashion jeans just…
Maritime Security: EU to become an observer of the Djibouti Code of Conduct/Jeddah Amendment
The EU will soon become a ‘Friend’ (i.e., observer) of the Djibouti Code of Conduct/Jeddah Amendment, a regional cooperation framework to tackle piracy, armed robbery, human trafficking and other illegal…
Currency war: Reality or fantasy?
Every economic cycle has its currency war. In the 1920s, France, Germany, and Belgium devalued their currencies to return to the gold standard, which had been abandoned during World War…
Norway restricts access to Russian tourists
Norway will further limit the access of Russian tourists because of the ongoing war in Ukraine, the Norwegian Ministry of Justice announced end of May, as quoted by Reuters. Norway,…
European Commission Unveils Ambitious €199.7 Billion Budget Proposal for 2025
The European Commission has made a landmark announcement today, proposing an annual EU budget of €199.7 billion for the year 2025. This substantial budget will be complemented by an estimated…