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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...

Spain’s Trade Deficit Narrows in June

Spain's trade deficit in June 2024 dropped to its lowest level in over a year. Imports decreased by 7.3% year-on-year to EUR 33.7 billion. Exports fell...

Varta Reaches Agreement with Creditors on Debt Restructuring

Key Points: Varta has agreed to a restructuring plan with creditors, significantly reducing its debt and providing fresh liquidity. MT InvestCo and Porsche will play crucial...

Employment in Germany Rises in Q2

Wiesbaden, August 16 (FFN) – The number of employed persons in Germany continued to grow in the spring. In the second quarter of this...

Ukraine Plans to Invest $20 Billion in Renewable Energy

Kyiv, August 14 (FFN) — Ukraine is set to require an investment of $20 billion (18.3 billion euros) to develop renewable energy sources as...

Inflation Growth in France Slightly Accelerated in July

Paris, August 14 (FFN) — The growth of consumer prices in France saw a slight acceleration in July 2024, according to the latest revised...

Poland’s GDP Growth Accelerates in Q2, Inflation Rises in July

Warsaw, August 14 (FFN) - Poland's economy gained momentum in the second quarter of 2024, but inflation also accelerated in July, reaching its highest...

Swedish Polestar Begins U.S. Production to Bypass Tariffs on Chinese-Made Electric Vehicles

Washington, August 14 (FFN) - Swedish electric vehicle manufacturer Polestar has taken a significant step to sidestep U.S. tariffs on cars imported from China....

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