eurozone
La Bulgarie ne deviendra pas le 21e membre de la zone euro, en tous cas pas à court terme. Une décision rendue publique par la Banque centrale européenne, via un rapport publié mercredi 26 juin. Cette décision devrait décevoir Sofia, malgré les inquiétudes de la population qui craint que cela n'exacerbe la hausse des prix dans l'État balkanique. "Des progrès limités ont été réalisés par les États membres de l'Union européenne ne faisant pas partie de la zone euro en matière de convergence économique avec la zone euro depuis 2022", a déclaré la BCE dans un communiqué de presse. Les prix en Bulg...
Euronews (French)
Bulgarien kann aufgrund seiner hohen Inflation nicht der Eurozone beitreten, so die Europäische Zentralbank in einem heute (26. Juni) veröffentlichten Bericht. Das wird in Sofia, das das 21. Mitglied der Währungszone werden möchte, für Enttäuschung sorgen, obwohl die Bevölkerung befürchtet, dass dies den Preisanstieg in dem Balkanstaat noch verschärfen könnte. "Die Mitgliedstaaten der Europäischen Union, die nicht dem Euro-Währungsgebiet angehören, haben seit 2022 nur begrenzte Fortschritte bei der wirtschaftlichen Konvergenz mit dem Euro-Währungsgebiet gemacht", so die EZB in einer Pressemitt...
Euronews (German)
Bulgaria can’t join the eurozone due to its high inflation, the European Central Bank has said in a report on Wednesday. That’s set to cause disappointment in Sofia, which is seeking to become the 21st member of the currency zone, despite popular concerns it might exacerbate price rises in the Balkan state. “Limited progress has been made by non-euro area Member States of the European Union on economic convergence with the euro area since 2022,” the ECB said in a press release. Prices in Bulgaria are rising at an annual 5.1%, 1.8 percentage points higher than they’d need to be to join the curr...
Euronews (English)
S&P Global released its Eurozone economic outlook for Q3 2024 on Monday morning, highlighting that growth in the Eurozone has returned mainly due to a fall in energy and commodities prices. This is likely to allow gross domestic product (GDP) growth to increase from 0.7% this year to 1.4% in 2025, a slight rise from the 1.3% predicted by S&P Global in March. Eurozone inflation is also expected to come back to the European Central Bank (ECB)’s 2% target by mid-2025, if present conditions remain more or less constant. Productivity bouncing back, wages growing at a slower pace and profit margins ...
Euronews (English)
The preliminary estimates for the HCOB Eurozone manufacturing purchasing managers’ index (PMI) figure for June was revealed on Friday morning, coming in at 45.6, according to S&P Global. This was a six-month low, as well as quite a drop from May’s 47.3. However, due to June’s number still being under 50, the Eurozone manufacturing sector is still considered to be contracting, whereas a number over 50 would mean growth. June was the 15th month in a row of contraction, mainly due to new orders, employment and export figures lagging. Several companies also faced more rising input costs, while sel...
Euronews (English)
New York (AFP) - FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in response to lackluster demand, the shipping company announced Wednesday. The company, which is based in the southern state of Tennessee, said the targeted positions will cover back-office and commercial functions. The plan is to eliminate between 1,700 and 2,000 jobs "subject to local law and consultation processes," the company said, adding that the process will unfold at a country-by-country level "with differing timelines across the region." The company said there would be no impact on custo...
AFP
Eurostat also reported on Friday that the EU saw a 0.3% increase in its gross domestic product (GDP) quarter-on-quarter. Meanwhile, compared with the same quarter in 2023, seasonally adjusted GDP increased by 0.4% in the euro area and by 0.5% in the EU. GDP growth by member stateMalta (+1.3%) recorded the highest increase of GDP compared to the previous quarter, followed by Cyprus (+1.2%) and Croatia (+1.0%). Decreases were observed in Denmark (-1.8%), Estonia (-0.5%) and the Netherlands (‑0.1%). Components and contributions to growthAccording to Eurostat, GDP components evolved in the first q...
Euronews (English)
Le rapport sur le chômage dans la zone euro pour avril 2024, publié aujourd'hui, montre un nouveau niveau record de 6,4 %, dépassant les estimations des analystes qui tablaient sur 6,5 %, selon Eurostat. Il s'agit d'une baisse par rapport au chiffre de mars, qui était également de 6,5 %. Le chômage dans la zone euro a stagné à 6,5 % au cours des cinq mois précédant le mois de mars. Le nombre de personnes sans emploi a diminué de 100 000 par rapport au mois précédent pour atteindre 10,998 millions. Le taux de chômage des moins de 25 ans a également baissé à 14,1 % en avril. Il s'agit d'une bais...
Euronews (French)
Unemployment across Europe showed little change in March, compared to February, according to Eurostat. The rate in the Eurozone remained at 6.5%, the same as in the first two months of the year and down from 6.6% in March 2023. Across the 27 countries in the EU, the rate slightly decreased to 6% from 6.1% in February. Compared to March last year, it remained unchanged. There was an estimated 13.258 million people without jobs in the EU, of whom 11.087 million in the euro area, were unemployed in March 2024. France works to find further ways to scale back on unemployment benefits UK unemploymen...
Euronews (English)
Economic growth in the eurozone exceeded economists' expectations in the first quarter of the year, while the annual inflation rate for April demonstrated stable performance compared to the previous month. This halted the downward trend that began in January, but it also provided some encouraging signs for an anticipated European Central Bank (ECB) rate cut in June. According to flash estimates from Eurostat released on Tuesday, the annualised gross domestic product growth in the eurozone was 0.3% in the first quarter of 2024 compared to the final quarter of 2023. This marks a significant impr...
Euronews (English)
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