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Austria Plans Nationwide Payment Card System for Asylum Seekers

Austria's Ministry of the Interior is planning to introduce a nationwide payment card system for asylum seekers after a successful pilot program in Upper...

Polish Central Bank Governor Suggests Rate Cuts Could Happen Before 2026

Polish Central Bank Governor Adam Glapiński has hinted that monetary policy easing might occur before 2026, revising his earlier statements. Glapiński indicated that a discussion...

Polish Government Plans to Introduce Standardized Tobacco Packaging

The Polish Ministry of Finance has proposed the introduction of standardized packaging for tobacco products to reduce brand promotion and discourage smoking. The proposal is...

German Producer Prices Continue to Decline for Over a Year

Producer prices in Germany fell by 0.8% in July year-on-year, marking the 13th consecutive month of decline. The decrease was primarily driven by lower energy...

Germany’s Exports and Imports Decline in First Half of the Year

Germany's exports and imports both declined in the first half of this year, signaling ongoing challenges for the EU's largest economy. Exports fell by 1.6%...

Wirecard’s Former Chief Accountant Denies Responsibility for Falsified Reports

Stephan von Erffa, the former chief accountant of Wirecard, denies playing a significant role in falsifying the financial statements of the German payment processor,...

German Battery Manufacturer Varta Aims to Complete Restructuring This Year

Varta, a German battery manufacturer, plans to complete its restructuring process by the end of this year, according to a company spokesperson. The restructuring agreement...

German President Rejects Cuts to Military Aid for Ukraine

German President Frank-Walter Steinmeier rejected the idea of reducing financial resources allocated in the state budget for military support to Ukraine. Germany provides the largest...

Moody’s Upgrades Ireland’s Rating Outlook to Positive

Moody's has upgraded Ireland's rating outlook from stable to positive while reaffirming the country's Aa3 rating. The Aa3 rating indicates that Ireland's obligations are considered...

Mood in German Retail Sector Significantly Deteriorates

German retail sentiment sharply declined in July, with retailers particularly pessimistic about their current situation. The Ifo Institute in Munich reported that the retail sentiment...

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