Articles for category: Europe

Petr Dubinsky

US Imposes Sanctions On Another Nord Stream 2 Firm

The United States imposed further sanctions on the Nord Stream 2 pipeline on Monday, US Secretary of State Antony Blinken said. The target is the company Transadria, connected with Russia, and its ship, which worked on the pipeline, wrote the AP agency. Nord Stream 2 is to bring natural gas from Russia to Germany along the bottom ...

William Malcolm

Google Signs 5-Year Deal To Pay For News From AFP

Google will pay the French news agency Agence France-Presse (AFP) for the content. Google announced on Wednesday that it had signed a five-year agreement with the agency. It is one of the largest licensing agreements under the new French law, Reuters reported. Google declined to disclose the financial terms of the agreement. AFP and Google said in a ...

Matt Atlas

ECB Warns Of Market ‘Exuberance’ As Economy Recovers

The euro area housing market is warming up, increasing the likelihood of a correction in both residential and commercial real estate markets. This was stated by the European Central Bank in its stability report. Families make savings during a pandemic, and people increasingly work from home. This increases demand for real estate and real estate price growth ...

Matt Atlas

EU Council, Parliament Reach 2022 Budget Deal

After many hours of negotiations, representatives of the member states of the European Union and the European Parliament agreed tonight on the form of the EU budget for next year. MEPs managed to increase the proposed amount of almost 170 billion euros (4.3 trillion CZK) by several hundred million, but the member states, which traditionally strive ...

Matt Atlas

EU Should Respect Sovereignty Of Member States: Babis

National sovereignty should not be degraded by membership in the European Union, it should be the basis and concept of European identity. This was stated by the Prime Minister of the ending government, Andrej Babiš (ANO), in a pre-recorded speech at the Central Europe: National Sovereignty or European Identity in the Integration of the European Union ...

William Malcolm

EC Cuts Forecast For Czech Economic Growth In 2021

The European Commission has cut its estimate for this year’s growth in the Czech economy to three percent, expecting 3.9 percent. Next year, it expects growth of 4.4 percent. On the contrary, this year’s EU economic growth outlook has improved to five percent. For next year, however, the estimate was reduced to 4.3 percent due ...

Petr Dubinsky

Macron Says France Will Build New Nuclear Reactors

France will resume construction of nuclear reactors to ensure energy independence, meet its climate targets and keep electricity prices under control. This was announced by French President Emmanuel Macron. The statement comes at a time when European countries are facing sharp increases in electricity and gas prices. “In order to ensure France’s energy independence, secure electricity supplies ...

Petr Dubinsky

Belarus Extends Ban On Skoda Imports By 6 Months

The Belarusian government extended by six months the ban on imports of products from Škoda Auto and other companies. The state agency BelTA informed about it on its website today. The government decided on this measure at the end of April in response to the refusal of the companies concerned to sponsor the holding of the World ...

Petr Dubinsky

Czech Republic Among The Worst In Europe For New Car Emissions

The Czech Republic is one of the worst in Europe in terms of carbon dioxide emissions from new cars. With emissions of 120.9 grams per kilometer, it is the sixth worst in the European Automobile Manufacturers Association (ACEA) ranking. Arval pointed this out. According to her, the main reason for this situation is the conservative approach of companies ...