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Erste Group Reports Strong Q1 with 33% Rise in Net Profit to €594 Million

Vienna, April 30, 2024 – Austrian banking group Erste Group delivered a strong first quarter, showcasing impressive growth. Its net profit surged by nearly...

Romanian Car Insurance Market Hit by Wave of Bankruptcies

London, April 29, 2024 (FinanceFlashNews) - In recent years, a wave of bankruptcies has shaken the Romanian auto insurance market. Several major insurers have...

German Inflation Likely to Stop Falling in Coming Months – Ifo

According to current plans by German companies, the trend of declining inflation appears to be coming to an end. This is reported by Financeflashnews...

The looming charging station shortage in the EU: A threat to the adoption of electric vehicles?

According to the European Automobile Manufacturers' Association (ACEA), the sale of electric vehicles (EVs) in the European Union (EU) is growing at a much...

German President Steinmeier Calls for Promotion of Digital Euro

German President Frank-Walter Steinmeier has urged the Bundesbank to better promote the benefits of the digital euro to consumers, emphasizing its "added privacy value"...

Economy: Porsche reports profit decline but remains optimistic

German automaker Porsche saw a significant 30% drop in operating profit in the first quarter of 2024 to €1.28 billion. This was due to...

The European Parliament has approved stricter rules against money laundering and terrorist financing

Strasbourg, 25 April 2024 – The European Parliament (EP) on Wednesday 24 April approved a package of legislative measures that strengthen EU's tools to...

Swiss National Bank reports record profit in Q1

Zurich, April 25, 2024 - The Swiss National Bank (SNB) announced a profit of nearly 59 billion Swiss francs (CHF) for the first quarter...

Deutsche Bank Q1 profit jumps 10% as investment bank outperforms

FRANKFURT, Germany (April 25, 2024) - Deutsche Bank today announced a 10% increase in net income for the first quarter of 2024, beating analysts'...

EU Banks Should Have More Flexibility: Scholz and Growing Calls for Reform

German Chancellor Olaf Scholz is calling for greater freedom for banks within the EU to move capital. The goal is to allow them to...

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