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eurozone

ECB pushes banks to speed up climate work

The European Central Bank (ECB) on Wednesday put pressure on eurozone banks to tackle risks stemming from climate change by threatening to impose penalties...

Euro zone business activity contracted in July as customers stayed home

Business activity in the euro zone contracted slightly in July for the first time since early last year as consumers reined in spending amid...

Euro zone inflation hits record 8.6% as the ECB prepares for its first rate hike in 11 years

Eurozone inflation surged to a record high of 8.6% in June, racing ahead of expectations once again and adding pressure on the European Central Bank to...

Euro zone GDP growth speeds up in Q1 despite Ukraine war

The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact of...

Romania meets none of the eurozone criteria says EU Commission

The European Commission said that all member states that are legally committed to adopting the euro fulfil the criteria on public finances, except Romania...

Eurozone inflation hits record 8.1% amid rising energy costs

Eurozone inflation rose to a new record high of 8.1% in May amid surging energy costs prompted in part by Russia’s war in Ukraine,...

EU slashes growth, increases inflation forecast

The war in Ukraine pushed the European Commission to slash its annual growth expectation to 2.7% for both the EU and eurozone this year,...

Macron calls for better management of EU’s border-free Schengen zone

The European Union's border-free Schengen area should be managed by regular ministerial meetings, just like the eurozone, French President Emmanuel Macron said on Wednesday,...

Eurozone inflation accelerates to new record of 5.1%

Eurozone inflation accelerated to a record of 5.1% in January, defying expectations of a slowdown and adding to the European Central Bank’s headache ahead of...

Eurozone inflation hits 5%, marking another record high

Eurostat, the statistical office of the European Union announced that the eurozone inflation accelerated unexpectedly in December, hitting a new record of 5% from...
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