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Bulgaria can’t adopt the euro due to high inflation, ECB says

Sofia had expressed hopes it could join the EU currency zone in the middle of next year, but must meet tough economic criteria.

Economy

European financial markets 'too fragmented', warns S&P Global

Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe.

Economy

Eurozone manufacturing sector hits six-month low on new order slowdown

Exports and employment were also slow, while input costs were on the rise, contributing further to declining output.

Business Planet

'I start from a big, red alarm' - Enrico Letta urges radical EU single market shake-up

In partnership with The European Commission

The EU's single market is based on free movement of goods, services, capital and people. Ex Italian PM and author of a report into the single market, Enrico Letta argues a 5th freedom - encompassing research, education and innovation - is vital for Europe's future prosperity.

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Economy

Eurozone economy growth thanks to increased household spending

In the first quarter of 2024, the eurozone economy grew by 0.3% compared with the previous quarter, according to the third estimate published by Eurostat, the statistical office of the European Union.

Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.

Economy

Where in Europe was unemployment the lowest in March?

Unemployment in the Eurozone remained at a record low of 6.5% in March, the same as February.

Economy

Eurozone growth tops estimates as April inflation holds steady at 2.6%

Eurozone economy grew by 0.3% in the first quarter of 2024, beating expectations and marking the strongest growth since Q3 2022. Annual inflation remained stable at 2.4%, while core inflation slowed to 2.7%, likely clearing the path towards the first ECB rate cut in June.

Markets

Euroviews. Banking lobby's influence risks undermining digital euro's potential

Lawmakers as representatives of the people should resist the anticompetitive proposals of the banking sector and embrace a vision of the digital euro that serves the collective interests of Europeans, Dr Martijn van der Linden and Vicky Van Eyck write.

Economy

Eurozone inflation eases: What impact will it have on interest rates?

As new eurozone inflation figures are released, Euronews looks at recent trends in euro area inflation, including shifts in key components, differences among member countries - and market expectations regarding ECB rate cuts.

Economy

Eurozone construction falls on dampened housing activity in March

Reductions in commercial and civil engineering activity, as well as a decline in new business also contributed to this figure.

Economy

The best - and worst - places to buy property in Europe in 2023

The cost of homes within the eurozone fell by 1.1% during the last three month of 2023. However, within the EU overall, prices were slightly higher.

Economy

Eurozone inflation falls more than expected: Green light for ECB cuts?

Eurostat data for March 2024 revealed a drop in annual consumer price inflation to 2.4%, below the expected 2.6% and hitting a four-month low. Market foresees four ECB rate cuts by end-2024, with the first expected in June.

Economy

How have Europe's economic issues fared on von der Leyen's watch?

Ursula von der Leyen is seeking a second term as head of the European Commission. What has her current five-year stint meant for the economy?

Business

Member states invest in new euro coins to celebrate special events

Germany, Belgium and Spain are among European nations issuing new coins celebrating places and events of national significance.

Economy

S&P Global: These are the biggest risks ahead for the EU economy

Uncertainty over sluggish productivity and high labour costs could draw back the economic output of the eurozone, global credit rating agency S&P said in its updated economic outlook.

Economy

Eurozone inflation cools, but not as much as expected

Falling inflation figures from the Eurozone and its biggest economies will come as a relief to the ECB, which makes its next interest rate decision next week.

Economy

Slower-than-expected inflation decline in France and Spain hits bonds

Inflation rates in France and Spain ease less than expected in February, nudging government bond yields higher as markets anticipate a bumpier road ahead to reach the ECB's 2% target.

Economy

Eurozone services rebound as manufacturing continues to contract

The economic fortunes of the Eurozone's two titans diverge: Germany faces challenges and continues to be under pressure, while France demonstrates signs of recovery.

Economy

Euro area to struggle with 'subdued' activity in short term: Lagarde

The head of the European Central Bank noted that, while economic activity will still be sluggish in the near future, data suggests things will pick up later on in 2024.