Eurozone

No more border, different currencies between Croatia and EU

Croatia joined the European Union in 2013. It was going through different stages of economic and monetary union in the EU to join the Eurozone

Croatia prepares for euro switch amid soaring inflation

The former Yugoslav Republic, which joined the European Union nearly a decade ago, posted an annual inflation rate of almost 13 per cent in September, compared to 10 per cent in the eurozone

European Central Bank poised for bumper rate hike to tame soaring inflation

Eurozone inflation hit 9.1 per cent in August, a record in the history of the single currency and well above the two-per cent rate targeted by the ECB

Inflation hits 8.9% in 19 countries using euro, its highest level since 1997

To combat soaring inflation, the European Central Bank raised interest rates last week for the first time in 11 years by a larger-than-expected half-point. It’s expected to be followed by another increase in September

DCB Bank sees significant jump in foreign remittance services on coronavirus pandemic

DCB Bank has witnessed a significant jump in its foreign remittance services on the coronavirus outbreak, specially for education purposes, as parents want to ensure their children abroad have sufficient money to sustain themselves in the situation of a lockdown

Coronavirus Outbreak: European banks are well-prepared for a crisis, just not this particular one

The financial impact of the coronavirus — visible in shuttered factories, empty airports and desolate downtowns — makes government worst-case scenarios, a 4.3 percent decline in European Union economic output by the end of 2022, seem mild

In France's Yellow Vest protests, President Emmanuel Macron faces a problem without a defined purpose or prescription

Any discussion with the Yellow Vest protesters, runs into a further problem. Who, if anyone, would be the chief interlocutor? The Yellow Vests are neither a party nor an organised movement but a structureless, sudden materialisation of groups mobilised through social media.

Greek economic crisis declared 'over' after Eurozone leaves Athens with €24 billion safety cushion

Greece is slated to leave its financial rescue on 20 August and finance ministers from the 19 countries that use the single currency were under pressure to offer Athens a goodbye deal that left it strong in the eyes of the financial markets.

Estonia's e-residency digital ID programme offers e-commerce UK businesses hope

Using its knack for digital innovation to capitalise on the global explosion in e-commerce, the small cyber-savvy Baltic eurozone state became the first country to offer e-residency identification cards to people worldwide in 2014.

Angela Merkel prepared to consider Emmanuel Macron's eurozone reform ideas

"Economic cohesion of the eurozone member states leaves something to be desired," Angela Merkel said.