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Economy

Euro area inflation slowdown brings ECB's 2% target back into focus

Inflation in the euro area has taken a significant dip, reaching its lowest level in over two years. Euronews Business breaks down the latest figures.

Business

German inflation at lowest level in two years

Germany’s Federal Statistical Office has published inflation figures for September, which come in at +3.8% compared with the same month last year.

Business

Economy roundup: Tourism steadily climbs but business trips struggle

New economic data from the EU’s statistical office shows that retail trade and service production numbers were down in September, and while tourism recovered strongly in 2022, some post-COVID struggles remain.

Economy

What will Poland’s new government mean for the EU economy?

As President Andrzej Duda opens consultations with party leaders to form a new government, here's how the opposition's majority in the Polish parliament will affect the EU's sixth-largest economy - as well as the bloc itself.

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Economy

Eurozone unemployment still at its lowest level in August, at 6.4%

Unemployment rates continue to decrease in countries that use the euro. For the European Union as a whole, the unemployment rate stood at 5.9% in August, the same as in May and June.

Business

Inflation drops sharply in Europe in September

The annual inflation was still double the European Central Bank’s target, however.

Business

European Central Bank hikes interest rates to highest level since 2000

Christine Lagarde warned that consumer prices are still rising too fast.

Economy

Windfall profits rise to $1 trillion amid cost-of-living crisis: Study

New data on the profits of the world's largest businesses has renewed calls for permanent windfall taxes across all sectors of the economy.

Economy

Brussels unveils plans for a digital euro promising complete privacy

The Commission's proposals would allow people to store up to €3,000 digital euros in secure wallets and use them for both offline and online payments.

Economy

European Central Bank hikes rates again to 3.5% to battle inflation

The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.

Economy

Europe's economy enters technical recession as households struggle

Europe's economy entered a technical recession after the eurozone endured two consecutive quarters of decline.

Europe News

Falling energy prices boost EU's growth outlook, Commission says

GDP in the EU is now forecast to reach 1.0% in 2023 and 1.7% in 2024, up from a previous forecast of 0.8% and 1.6%.

Travel News

Croatia drops air border controls for Schengen zone countries

Croatia joined the Schengen Area in January. Now air borders have been dropped in the passport-free travel zone.

Money

Silicon Valley Bank collapse: Is my money safe in Europe and the UK?

How you can keep their money safe when banks collapse like the Silicon Valley Bank in the US

Economy

Croatians flock to Slovenia for grocery shopping after euro introduced

Cross-border shopping sees Croatians heading to Slovenia less than three months after the euro was introduced and grocery prices increased.

Economy

Core inflation in the euro area jumped in February, latest data show

Headline inflation is however believed to have eased slightly.

Economy

Inflation in the eurozone fell for third month in a row in January

Energy continued to be the biggest driver of inflation last month with a year-on-year bump of 17.2% but prices have significantly lowered in recent months.

Europe News

Polish PM says adopting the euro would bring spike in prices

Polish PM says adopting the euro would bring spike in prices

Economy

Croatia leaps closer to euro with historic spending plans

Croatia is due to enter the Eurozone at the start of 2023.

Economy

Eurozone inflation climbed to new record high of 10.7% in October

Eurozone inflation climbed to new record high of 10.7% in October