Business
Fitch upgrades Portugal to A+, its best credit rating in 15 years
The upgrade reflects years of falling public debt and stronger-than-expected growth in Portugal, Fitch said, restoring a rating not seen since 2011. President Seguro hailed the news, though Fitch cautioned that defence spending and housing costs still pose risks.
Business
Euroviews. STIHL chief: Reforms — this is how we can retain our prosperity
Germany's economy has been in crisis for years, writes Nikolas Stihl in an OpEd for Euronews. Better business conditions are key to breaking the stagnation, he argues — with nothing less than prosperity and the welfare state at stake.
ADVERTISEMENT
Business Series
Public-private partnerships open new investment opportunities
In partnership with Azpromo
Public-private partnerships are opening new opportunities for investment and development, from renewable energy and digital infrastructure to water and desalination. The episode looks at how cooperation between government and business could shape Azerbaijan’s next phase of growth.
Business Series
How the Middle Corridor is reshaping global trade
In partnership with Azpromo
The Middle Corridor is expanding from a regional route into an intercontinental trade link between Asia and Europe. With Azerbaijan at its centre, growing cargo volumes, digital logistics and expanding port capacity are reshaping the route's future.
Azerbaijan
Azerbaijan's biggest bank enters Uzbek market with Davr Bank acquisition
Azerbaijan's largest financial institution, the International Bank of Azerbaijan, is expanding its corporate banking operations by acquiring a 51% controlling stake in Uzbekistan's Davr Bank in a deal valued at $150 million (€128.5m).
Business
Spanish workers spend the equivalent of 231 days paying taxes, study says
Tax Freedom Day fell on 20 August, according to Fundación Civismo. The think tank says the average worker’s tax burden has increased by 54 days since 2018, partly because of higher social contributions and income tax thresholds failing to keep pace with inflation.
Europe News
Euroviews. Geothermal energy promises domestic power - the EU is hesitating
The EU runs the risk of standing idly by whilst the US and Canada develop geothermal energy into an industry. In Europe discussions about partnerships are still ongoing, writes Tatiana Mindekova from the global energy think tank ‘Ember’ in a guest article for Euronews.
Europe News
Spain extends Almaraz nuclear plant to 2030, delays closure by 3 years
Almaraz will remain in operation until 2030 after a decision by Pedro Sánchez's Government, a move warmly welcomed in the Extremadura region, which was hit by a major blackout in April last year and where the plant employs some 4,000 people.
Europe News
Euroviews. Fewer rules: Europe was built on coal and steel, not paperwork
The EU keeps churning out new rules, writes Gitta Connemann, head of Germany's CDU's influential business association, MIT. Small and medium-sized businesses bear the brunt of EU bureaucracy, she argues, calling for a halt to new regulation and for rules that add no value to be scrapped.