A New U.S.-Europe Trade War? ECB Warns of Economic Shockwaves Ahead
The European Central Bank has raised concerns that protectionist policies from the incoming U.S. administration could stifle global economic growth, urging Europe
Overall in 2019, new-car registrations increased by 1.2% across the European Union, reaching more than 15.3 million units in total and marking the sixth consecutive year of growth. The year started on weak footing due to the lasting impact of the introduction of the WLTP test in September 2018. Yet, the final quarter of 2019, and December in particular, pushed the full-year performance of the EU market into positive territory, the European Automobile Manufacturers Association said.
In December 2019, EU passenger car demand grew for the fourth month in a row (+21.7%), marking the highest December total on record to date. This was partially the result of a low base of comparison, as registrations fell by 8.4% in December 2018. However, specific market changes also contributed to this exceptional growth, the sector association reported.
Throughout the year, Volkswagen has consolidated its place at the top of car sales in the EU, with an increase of 3.1%. The group includes brands such as Audi, Porsche and Skoda.
The French automaker, which owns Peugeot, Citroen, Opel, Vauxhall, ranked second although it reports a 1.1% decline.
Its French rival Renault, ranked third with a 1.1% year-over-year increase, data show.
Ryanair has announced its top Christmas 2024 destinations for Bulgarian travelers, offering nearly 50,000 flights from over 235 locations during the festive season
Stanislav Popdonchev, Deputy Chairman and Financial Director of the Bulgarian Chamber of Commerce, expressed concerns over Bulgaria's economic direction
Bitcoin surged to an all-time high on Tuesday, nearing the 90,000 dollar mark with a peak of 89,900 during late Asian and early European trading
Inflation is expected to rise moderately at the beginning of 2025, according to the Bulgarian National Bank (BNB)
As the start of the ski season in Bansko approaches, hoteliers and restaurant owners in the resort are grappling with a shortage of staff
In Bulgaria, the demand for workers has been steadily increasing
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
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