About: Economy

Economy & Jobs 14-10-2021

Spanish government presents ‘social’ budget for 2022

Spain’s Finance Minister María Jesús Montero presented the draft 2022 budget before parliament on Wednesday (13 October), with a record spending ceiling of €196.142 billion, fuelled by the EU's recovery fund. EURACTIV’s partner EFE reports.
Economy & Jobs 29-09-2021

Greece encourages SMEs mergers in Recovery Fund implementation

The Greek government will incentivise small and medium-sized enterprises (SMEs) that are hard-hit by the pandemic to merge to ensure financing from the Recovery Fund, Greek finance minister Christos Staikouras told EURACTIV Greece in an exclusive interview.
Economy & Jobs 02-06-2021

Spanish tourism sector dealt severe blow in first quarter

The COVID-19 pandemic continues to badly affect Spain’s tourism sector, which in the first quarter of the year saw an 82% drop in the number of international tourists it welcomed compared to the same period of 2020, from 10.6 million to only 1.8 million. EURACTIV’s partner EFE reported.
Politics 02-03-2021

Three in four EU citizens want a more sovereign Europe

The demand for more European sovereignty within the EU is strong despite disparities between countries, according to a study published Tuesday (2 March) by the Jean Jaurès Foundation and the Friedrich Ebert Foundation, in partnership with the Ipsos polling institute. EURACTIV France reports.
Economy & Jobs 17-02-2021

New study sheds light on ‘depopulated Spain’

Almost 46% of the Spanish territory has lost more than half of its population since 1950 and, as a direct impact of this quick depopulation, also lost considerable economic power, a new survey by Spanish think tank Funcas revealed. EURACTIV’s partner EFE reports.
Economy & Jobs 21-01-2021

Sanchez praises EU unity, insists Spain will implement COVID recovery funds

Unity at the national and EU level will be key for Spain and Europe to overcome the unprecedented challenges posed by the pandemic, Spanish Prime Minister Pedro Sánchez has said, adding that his government would successfully implement the €140 billion from the EU for the country's pandemic response and recovery.
Economy & Jobs 31-12-2020

COVID-19 shook, rattled and rolled the global economy in 2020

When 2020 dawned, the global economy had just notched its 10th straight year of uninterrupted growth, a streak most economists and government finance officials expected to persist for years ahead in a 21st Century version of the “Roaring ‘20s.”
Economy & Jobs 15-12-2020

Spain’s prime minister: Economic growth does not guarantee well-being

Spain’s socialist Prime Minister, Pedro Sánchez, stressed in Paris on Monday (14 December) that "economic growth does not guarantee well-being" and that the world needs a change of paradigm to deal with new challenges. EURACTIV's partner EFE reported.
Economy & Jobs 14-12-2020

Spain’s government encourages regions to submit ‘powerful projects’ eligible for EU financing

Spain’s Minister for Territorial Policy, Carolina Darias, encouraged local councils and regional governments in the country to submit "powerful projects", mainly focused in areas such as the  “green economy”, digital transformation, social cohesion and gender equality, all of which are eligible for financing under the EU Next Generation fund, EURACTIV's partner EFE reported. 
Economy & Jobs 09-12-2020

Spanish minister confident end-of-year economic figures better than predicted

Spain's economy will do slightly better than previously forecast, with a 2.4% GDP increase by the end of this month, the country's Inclusion and Social Security Minister José Luis Escrivá predicted on Tuesday (8 December). EFE reports.
Economy & Jobs 26-11-2020

Social Economy – a driver of cohesion

  In the second part of EURACTIV’s series on cohesion policy, the European Union’s project to decrease the disparities between its regions, we look at social economy, its importance to the bloc’s economic and social health as well as its...
Economy & Jobs 03-09-2020

French economic recovery plan ‘resonates strongly’ with German and EU plan

French Prime Minister Jean Castex unveiled on Thursday (3 September) a detailed national economic recovery plan amounting to €100 billion over two years. The plan is in line with those drawn up by Berlin and the European Commission, according to the head of the influential French think tank IDDRI. EURACTIV France reports.
Economy & Jobs 26-08-2020

Do you speak cohesion?

  In the first edition of “Do you speak cohesion?” we are breaking down the elements of the cohesion policy or regional development funds, providing a better understanding over the European Union’s support mechanism. We will be explaining what is...
Economy & Jobs 09-06-2020

Mario Centeno quits Eurogroup post, Portuguese government

Portuguese Finance Minister Mário Centeno, the Eurogroup's president, has resigned from government, following a period of less than idyllic relations with Prime Minister António Costa, and will be replaced by state secretary for budget João Leão.
Economy & Jobs 09-06-2020

Costa e Silva: Portugal’s surprising choice for new economic masterplan

The controversial appointment of the largely unknown Costa e Silva as the man who should draft Portugal's economic plan for the next decade has become a key talking point in the country.
Economy & Jobs 09-06-2020

Madeira: Portuguese archipelago invests in development of safe destination brand

The Portuguese islands of Madeira and Porto Santo will reopen to tourism on 1 July. After almost four months without revenue from one of its economic engines, the Atlantic archipelago's regional government seems optimistic about the reopening, but experts caution that it might still be necessary to rethink the future of tourism.
Economy & Jobs 15-05-2020

With almost €100 billion in tax losses, Scholz announces another stimulus package

For the German budget, the pandemic means greater expenditures and less income. For the first time since the financial crisis, tax revenues are falling but Finance Minister Olaf Scholz (SPD) is not thinking about austerity. On the contrary, another economic stimulus package is planned in June to help boost the economy, EURACTIV Germany reports.
EU-China 31-03-2020

In China, the time ‘after’ COVID-19 is beginning – but fear remains

For weeks, China has hardly reported any new cases of coronavirus infections. The economy is showing signs of recovery, but the fear of a "second wave" remains.
Economy & Jobs 24-03-2020

German economy minister: Help is on the way

The first payments from the 'coronavirus aid package' are to be made to small and micro enterprises this week, Economy Minister Peter Altmaier announced on Tuesday but rejected once again the idea of European coronabonds. Meanwhile, the country's top economic expert expects a single-digit percentage GDP decline. EURACTIV Germany reports.
Economy & Jobs 23-03-2020

Germany set to foot massive but ‘necessary’ coronavirus bill

Coronavirus will cost Germany several hundred billion euros, according to new figures from research centre the ifo institute released on Monday (23 March). Production losses and unemployment will hurt, so Berlin will have to dig deep into its pockets. EURACTIV Germany reports. 
Coronavirus 18-03-2020

After declaring ‘war’ on COVID-19, France readies measures to uphold economy

To cushion the economic impact of the coronavirus, French Economy Minister Bruno Le Maire has announced a series of measures to support businesses, including "nationalisation". EURACTIV France reports.
Coronavirus 17-03-2020

European tourism sector urges measures to mitigate COVID-19 impact

Europe's tourism industry is bracing itself for an economic impact that could potentially push several countries into recession, as a result of the ongoing coronavirus crisis on the continent.
Economy & Jobs 17-03-2020

Will COVID-19 turn Germany’s export-oriented economy into a weakness?

The corona crisis is hitting Germany and with it the export-oriented medium-sized companies and world market leaders. A survey of them by WirtschaftsWoche reveals open flanks, but also hope and optimism.
Coronavirus 11-03-2020

Merkel: Germany well-equipped against COVID-19

German Chancellor Angela Merkel made her first public statement about the coronavirus epidemic on Wednesday (11 March), saying that financial reserves and good emergency mechanisms make Germany well-prepared. "We will do what is necessary," she added. EURACTIV Germany reports.