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Category: Global Economy
Ulrich Schmitt, a German citizen, will succeed Inguna Dobroja as Country Manager of the World Bank Group in Moldova from July 1, 2025, – reports Logos Press.
The European Commission has announced that it has reached an agreement in principle with Ukraine on a revised version of the Deep and Comprehensive Free Trade Area (DCFTA) — the main trade structure between the EU and Ukraine, according to Logos Press.
For the US division of Chinese social network TikTok, US President Donald Trump has found a group of “very rich people” who are willing to buy out the business, Logos Press reports.
Romanian company ANG Luxury Properties in partnership with the international chain Radisson Blu is building the first five-star hotel in Constanta county with an investment of 75 million euros, – reports Logos Press.
Danish restaurants of the KFC chain have temporarily suspended operations,” Logos Press reports, citing DR Kontant of Denmark.
Italian company Campari Group (owner of brands Aperol, Campari, Courvoisier) announced the sale of its brands Cinzano and Frattina, as well as sparkling wine business to the producer Caffo Group 1915, – reports Logos Press with reference to RBC.
Dubai authorities have approved new requirements for the sale of real estate for non-residents: all settlements will be made only through the owners of objects, – reports Logos Press with reference to RBC.
Iran’s unicameral parliament (Majlis) on June 25 approved a law to suspend cooperation with the International Atomic Energy Organization (IAEA),” Logos Press reported.
Volkswagen, one of the world’s largest automakers, is rapidly losing assets, closing plants and laying off staff, Logos Press reported, citing RBC.
European technology businesses said there is a risk of Donald Trump shutting down the Internet,” Logos Press reported, citing Politico.
The European Commission unexpectedly announced the abandonment of another key component of the Green Deal, which was met with bewilderment in the European Parliament and demanded clarification,” Logos Press reports.
At the end of May, inflation in the eurozone fell to 1.9% year-on-year and thus fell within the European Central Bank’s target zone, Logos Press reported.
