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EUROPEAN UNION RESTORED FREE MOVEMENT IN THE SCHENGEN AREA

From June 21, residents of the European Union can again move from country to country without additional restrictions. Now they do not need to comply with the quarantine. Movements will become possible if a person has a vaccination certificate or a document confirming the fact of ...

THE NUMBER OF BANKRUPT COMPANIES IN EUROPE IS GROWING

The European Statistics Agency reports a rise in the number of companies that have been declared bankrupt. In the first three months of 2021, their number increased by 5.8% compared to the previous quarter. The most significant increase in the number of ...

EUROPE MAY BECOME ACCESSIBLE FOR RUSSIAN TOURISTS IN SUMMER 2021

... of the head of RUTI Andrei Ignatiev, there is a “hope” about the start of issuing Schengen visas. It was noted that there is no official information on this yet, and the outcome largely depends on medical factors, however, there is a possibility that Europe will open its borders to Russians in the summer of 2021. Ignatiev stressed that some countries of the European Union are already ready to receive Russians. Greece, for example, expresses a great desire to attract Russian tourists. But since Greece ...

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

European countries are spending fabulous sums trying to keep businesses afloat during a pandemic. An economic recession can lead to stagnation for a decade, which has been recently called "lost" by the World Bank. In this situation, attempts ...

Bankruptcy of Nord Stream 2 AG suspended until autumn

... payments in favor of creditors. Transliq AG will act as interim manager during this period. We should remind our readers that the company filed a claim with the court with a request to temporarily stop the company's arbitration litigation with the European Union that arose around the gas directive and its application in early March 2022. June court hearings were cancelled. The gas pipeline itself runs across the sea from the station in the Leningrad region to the coast of Germany. Its capacity ...

Russia's plans to sell gas for rubles did not suit buyers

The President of the Russian Federation announced that the country would switch to ruble payments for gas supplies to "unfriendly countries." The leaders of many European states have already responded to Vladimir Putin's initiative. However, questions about how this will affect the energy balance of the global community remain open. Francesco Javazzi, an adviser to the Italian Prime Minister, said that the country's ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

The rapid rise in energy prices has jeopardized the work of companies in Germany. However, the problem does not only concern gas stations and the transport sector. According to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € 2 per liter at gas stations in Germany. The cost of gas also doubled. This...

British retailer Marks & Spencer may leave French market

... released information that products are delayed at the border of the UK and France, returning back in a spoiled state. Sales outlets in France are empty, as the authorities have introduced severe restrictive measures that impede international trade with the European countries. The company has not yet left France, but this may happen in the nearest future. M&S management is in negotiations with partners operating in France under franchise agreements. It is still unknown, how they will end. However, the chain's ...

AUSTRIA IS READY TO WELCOME VACCINATED RUSSIANS

... conditions. In the neaest future, residents of the Russian Federation who have been vaccinated against Covid-19 will be able to come to Austria and not comply with quarantine. However, the message does not specify, which vaccines are recognized by the European country. Russia resumed flights with Austria on June 10. In Austria, anti-covid restrictions are gradually being lifted - this is due to the positive dynamics in morbidity. In addition to Russia, Turkey, China, Bosnia and Kosovo were classified ...

BELAVIA AIRLINES MIGHT FACE BANKRUPTCY DUE TO THE EU SANCTIONS

... made an emergency landing in Minsk on May 23, may become the reason for the bankruptcy of the national air carrier of the Republic of Belarus. A significant number of experts come to this conclusion, commenting on the sanctions of the authorities of European countries. The EU summit that took place may be crucial for the national airline. The ban of Belavia on crossing the airspace of the EU countries threatens to actually cut off the company not only from flights to Europe, but also to other countries,...

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