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Category: Global Economy
Several EU countries, including Romania, France, the Netherlands and Portugal, have increased their energy imports from Russia in 2025, and in doing so are “fueling Russia’s military economy”, according to Logos Press.
In Germany, the heating season has started with an alarming announcement by the state-owned energy company Uniper, which intends to close one of its largest gas storage facilities in Breitbrunn “for economic reasons”. – reports Logos Press.
Representatives of the EU steel sector propose to introduce quotas on steel imports, and products exceeding a certain threshold should be subject to a 50% levy, Logos Press reports.
Eastern European countries have proposed a more radical response to possible violations of NATO airspace and to unify the rules under which pilots can shoot down targets that find themselves in the airspace of the alliance’s countries, Logos Press reported citing the Financial Times.
New industrial orders in Germany unexpectedly fell in August, showing a fourth consecutive monthly decline, prompting experts to warn of a prolonged downturn in the German economy, Logos Press reported.
In 2024, 28.2 million postal items were delivered to Finland from outside the EU, and more than 50 million parcels are expected to arrive this year, Logos Press reported.
Romania has until January 1, 2026 to shut down coal-fired power plants in Oltenia, otherwise it risks paying a fine of at least 1 billion euros to the European Commission, Logos Press reported.
Central and Eastern European countries have developed almost twice as fast as the “old EU” since joining the EU, but what follows is a “decade of bad years”, according to Logos Press.
Romanian car brand Dacia, part of the Renault group, is preparing the market launch of its electric mini-car “Hipster Concept” costing less than 15,000 euros, and thus wants to challenge Chinese electric cars on the EU market – reports Logos Press.
The U.S. Senate has failed to pass either of two bills to fund federal spending, and since Wednesday there has been a so-called government shutdown, or shutdown of some government agencies, Logos Press reported.
By 2050, the area under coffee may decrease by 40-50%, the production of the most popular varieties of Arabica and Robusta in East Africa will decrease by 20 and 40% respectively, and rising temperatures will lead to the loss of the usual taste and aroma of the favorite beverage, – reports Logos Press.
In August, Ukraine’s total public and state-guaranteed debt increased by $6.58 billion and totaled $192.71 billion, Logos Press reported.
