Sun. Jan 26th, 2025

TRADE & COMMERCE

LATEST NEWS

Finland: IMF Executive Board concludes 2025 Article IV Consultation

The Finnish economy is recovering from the 2023 recession, supported by easing inflation and real wage growth. However, the rebound is hindered by stagnant construction investment and weak external demand. Employment remains robust, driven by lower real wages, increased immigration, higher public employment, and increased participation rates.

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Poland: IMF Executive Board concludes 2024 Article IV Consultation

Economic growth is estimated to have accelerated in 2024 to 2.8 percent, driven by a rebound in domestic demand, mainly from private consumption rising due to strong nominal wage growth and lower inflation. This is partially offset by net exports becoming a drag on growth as higher imports from increased consumption outpace exports hindered by weak Euro Area demand.

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Main results of the EU Economic and Financial Affairs Council, 21 January 2025

The Polish Presidency presented its work programme in the field of economic and financial affairs. Ministers held a policy debate on competitiveness. They took note of the economic and financial impact of Russia’s aggression against Ukraine. The Council adopted recommendations on 21 national medium-term fiscal-structural plans as well as recommendations for seven member states that are currently under an excessive deficit procedure.

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EU Commission clears acquisition of business segments of Leoni by Luxshare

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of one business segment of LEONI AG of Germany by Luxshare Limited of China; and of joint control of another business segment of Leoni by Luxshare and Mr Stefan Pierer of Austria. The transaction relates primarily to the manufacturing of wiring and electronic equipment for motor vehicles.

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Banking sector: ECB and EBA launch 2025 EU-wide stress test

The European Central Bank (ECB) and the European Banking Authority (EBA) today launched their 2025 EU-wide stress test and released the macroeconomic scenarios. This year’s exercise is designed to provide valuable input for assessing the resilience of the European banking sector in the current uncertain and changing macroeconomic environment.

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