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Economy & Business

The economic bearpit – When “over there” becomes “over here”

An apology – with a ghastly diet of death, destruction and depravity currently raging around us, it may seem callous to examine the economic...

Italy’s Foreign Affairs Undersecretary discusses the importance of strengthening ties with Uzbekistan

Amid new efforts by Uzbekistan to build ties with the EU, New Europe spoke with Manlio Di Stefano, Italy's Undersecretary for Foreign Affairs, about...

Sofia and Skopje begin joint effort to resolve conflict

Hoping to generate enough material to prevent Sofia’s cadre of Balkan reporters from decamping to nearby ski resorts, the governments of North Macedonia and...

Spanish scheme to support intelligent transportation systems gets EU nod

A €20 million Spanish scheme made available through the Recovery and Resilience Facility (RRF) supporting the deployment of intelligent systems that will provide enhanced...

The year of the squeeze

Few of us will mourn the passing of 2021. However, as the New Year party balloons lie flaccid on the floor, there seems little...

Ireland’s climate action plan must look beyond de-growth led by the state

The Republic of Ireland has committed to reaching carbon neutrality by 2050, after the coalition government of Fianna Fail, Fine Gael and the Greens...

New railway agreements reveal the contours of Central Asia’s rapid integration

The information war is so intense nowadays that unsung melodies are often more alluring that the sung ones. The lines from English poet Shelley’s...

Will Central Asia serve as Europe’s bridge to Afghanistan?

Just over one month on from the fall of Kabul, Europe is still grasping for answers to the question of how to engage in...

The great European stagnation

Over the last 18 months, most governments across Europe have intervened in their economy more heavily than at any other time in the previous...

Greek Foreign Minister Dendias chasing shadows in Skopje?

Greek Foreign Minister Nikos Dendias traveled to North Macedonia August 31, for a hastily scheduled official visit to the country while his own capital...

Economic progress and political reforms give post-Soviet space reason to celebrate

On August 30th, Kazakhstan celebrated one of the country’s most important holidays—Constitution Day, which commemorates the adoption of the 1995 constitution which confirmed the...

As the Gulf recovers, knowledge-based economies prove the way forward

As the world economy slowly emerges from the COVID crisis, it is the Gulf region that is making the most impressive rebounds. At the beginning...

How the Austrians and their Chancellor charmed the Arabs

In late July, the Austrian capital of Vienna hosted a special guest. It was none other than the Crown Prince of Abu Dhabi. The...

A fiscal pandemic on the EU’s eastern border may eventually strike at the heart of Europe

The economic crisis in the European Union that was caused by the fallout from the COVID-19 pandemic has slowly started to subside after months...

Must “resource cursed” countries always suffer the double jinx of conflict traps?

A “resource cursed” country is one in which an abundance of natural resources fosters worse development outcomes than those without.  Often termed “the paradox...

Amazon wins EU court appeal in Luxembourg tax case

An EU Court said on Wednesday that the Commission failed to prove that Amazon was granted an illegal tax advantage, annulling the EU Executive's...

Commission proposes to ease restrictions on non-essential travel to the EU

Almost 15 months after Europe effectively closed its borders to the outside world in its efforts to curb the spread of COVID-19, the European...

Check the Czechs

With the Czech Republic having the dubious honor of hosting the latest chapter in the ongoing saga of the West versus Vladimir Putin's Russia...

Uzbekistan’s key priorities for the comprehensive development of transport corridors in Central Asia

Over the past 4 years, Uzbekistan under the leadership of President Shavkat Mirziyoyev has been carrying out systemic reforms aimed at liberalizing and modernizing...

With GSP+ beneficiary status, Uzbekistan takes major step towards closer relations with Europe

A decision by the European Union to include Uzbekistan as the ninth beneficiary of its Special Incentive Arrangement for Sustainable Development and Good Governance,...

The EU and US must steel themselves for a tariff suspension

There is a famous line that if it moves, tax it. If it keeps moving, regulate it. If it doesn't move, subsidize it. While this...

The business of sustainability: A Swedish success story

From popstars to flat-pack pioneers, the Swedes are no strangers to global domination, but today the flag they fly is not so much blue...

Reforms in Uzbekistan’s energy sector and cooperation with major international financial institutions

Since September 2016, when Shavkat Mirziyoyev began his presidency, Uzbekistan has embarked on a process of deep economic and social reforms. We are determined...

Emerging market-focused Millicom finalizes Africa exit, focuses on Latin America

Luxembourg-based telecommunications company Millicom, which focuses exclusively on emerging markets, announced on April 19 that it will finalize the divestment of its African holdings...

EU offers Turkey deeper ties but threatens sanctions over East Med drilling

On March 25, EU leaders held a discussion via video conference on the situation in the Eastern Mediterranean and on the European Union’s relations...

Blinken reaffirms America’s focus on rebuilding partnerships

During his March 22-25 trip to Brussels, US Secretary of State Antony Blinken emphasized repeatedly that the Biden administration will work to rebuild America’s...

Hungary approves two more vaccines not authorised by EU regulator

Hungary has issued initial approval to two more COVID-19 vaccines not authorised by Europe's medicines regulator, the country's officials said on Monday.The Hungarian medicines...

EU leaders’ summit to be held virtually amid spike in COVID-19 cases

A European Union summit due to take place on March 25-26 in Brussels will now be held virtually due a spike in COVID-19 cases...

Belgium postpones planned easing of measures after spike in cases

Belgium is postponing a number of planned April relaxations, following a spike in Coronavirus cases across the country, Prime Minister Alexander De Croo announced...

Slovakian health minister resigns over Sputnik V dispute

Slovakia's health minister Marek Krajci resigned on Thursday following pressure from the country’s four-party ruling coalition for the acquisition of the Russian-made vaccine, Reuters reported...

US, EU temporarily end some tariffs

The US and EU have agreed to a four month suspension of some tariffs that each had previously imposed on one another as punishment...

The need for Indo-EU cooperation to expand security in a new multilateral, geo-political situation

India is one of the world’s largest economies, in the world, in terms of purchasing power parity. The country is the fastest-growing large economy,...

Italy blocks export of AstraZeneca/Oxford vaccine to Australia

Italy on Thursday blocked a shipment of an AstraZeneca/Oxford Covid-19 vaccine that was destined for Australia, marking the first EU intervention since the bloc...

Germany extends Coronavirus lockdown but eases some restrictions

Following a meeting with the country's 16 state premiers on Wednesday, the German Chancellor Angela Merkel announced an extension of the current lockdown measures until...

UN chief warns of Yemen ‘death sentence’ as donor pledges fall short

UN Secretary-General Antonio Guterres on Monday expressed his disappointment that a virtual pledging event has failed to raise sufficient funds to avert a large-scale...

Belgium sticks to current Coronavirus restrictions amid cases surge

Belgium has decided not to ease Coronavirus restrictions for at least another week, due to a recent spike in COVID-19 cases, the country's Prime...

Development Finance Corporation’s first overseas office sparks controversy

A controversy has erupted in Washington over a Trump-era plan to establish the first overseas office of the US International Development Finance Corporation (DFC),...

Commission proposes 10-year extension of free roaming across the EU

The European Commission on Wednesday proposed the prolongation of the current rules that allow citizens to enjoy roaming without additional charges when travelling inside...

Brussels warns six EU countries against travel restrictions

Ιn a letter sent to Belgium, Denmark, Finland, Germany, Hungary and Sweden, the European Commission has urged the countries to respect the travel restrictions...

Iran, IAEA agree to nuclear inspection deal with less access

The head of the United Nations' nuclear watchdog, Rafael Mariano Grossi said it reached an agreement with Iran to continue the "necessary monitoring" of the...

EU threatens to sanction Myanmar military junta

Europe's foreign ministers warned they could impose sanctions on Myanmar military, according to a joint statement released after their meeting in Brussels on Monday."The...

Boeing recommends grounding certain 777s

Boeing Co has recommended that airlines suspend the use of 777 jets after the engine on a United Airlines flight caught fire and fell apart...

Macron urges Europe to send vaccines to Africa

The European Union and the United States need to provide African countries with vaccines, to prevent exacerbation of global inequality, French President Emmanuel Macron...

EU orders extra 200 million doses of Pfizer/BioNTech coronavirus vaccine

German drugmaker BioNTech on Wednesday announced that the European Union will buy an additional 200 million doses of its Coronavirus vaccine, that will be...

European Commission secures 300 million extra doses of Moderna vaccine

The European Union has approved a second contract with the US pharmaceutical company Moderna for an additional purchase of 300 million doses of its...

France fines Google €1.1 million over ‘misleading’ hotel ranking practices

France has fined Google €1.1 million for allegedly "misleading" consumers with their rankings of hotels and other tourist accommodations on its search engine, the...

European Parliament approves €672.5 billion recovery fund

The European Parliament on February 10 greenlighted the EU’s proposed Recovery and Resilience Facility (RRF), worth €672.5 billion, during its plenary session in Brussels. The...

EU continues to mull response after US sanctions Myanmar following military coup

The United States has imposed sanctions on Myanmar leaders following a coup earlier this month that toppled the democratically elected government led by Aung...

Germany extends lockdown until March 7

Germany on Thursday extended lockdown measures from February 14 to March 7 in a bid to prevent a third wave in the country and...

EU tells Turkey pandemic not an excuse to ‘silence critical voices’

Efforts to curb the spread of the Coronavirus pandemic should not be used as an excuse to "silence critical voices", Europe's top diplomat, Josep...

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