EU economy

EU faces stagflation risk as Hormuz closure drives up energy prices

The European Union faces the risk of a stagflationary shock as the closure of the Strait of Hormuz pushes energy prices higher, European Commissioner for Economy and Productivity Valdis Dombrovskis said.

5 May, 03:58 PM

Ukrainian agricultural exports to EU could halt by fall without quota deal — Agriculture Ministry

Ukraine and the European Commission have agreed to work out a new solution for continued Ukrainian agricultural exports to the European market by the end of July 2025, Ukraine’s Agriculture Ministry said, according to Interfax-Ukraine.

6 June 2025, 03:50 PM

Ukrainian official slams U.S. tariff plan

Ukraine shouldn't expect any benefits from new import tariffs announced by the United States, Ukrainian lawmaker Danylo Hetmantsev said in a Telegram post on April 3.

3 April 2025, 12:22 PM

Europe’s competitiveness crisis: is it too late to fix?

In the early 2000s, the European Union was a powerhouse, accounting for over 25% of global GDP despite making up just 7% of the world’s population. This economic strength allowed Europe to play a central role in global trade, drive innovation, and set industry standards.

29 January 2025, 09:28 PM

EU economy