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Economy

The economic recovery of Europe
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The European economy has been harshly hit by the coronavirus crisis. In a few months, the European Union has managed to take a new step towards solidarity between its member states with the adoption of a maxi recovery plan worth 750 billion euros, financed by commonly-issued debt f for the very first time. EU leaders also approved a new seven-year European budget of 1.1 trillion euros. How will the governments of the world's second economic zone use the resources to help their countries bouncing back?
Emmanuel Macron celebrates his victory in France's presidential election run-off on the Champ de Mars in Paris on April 24, 2022. Photo: Thomas Coex / AFP
Emmanuel Macron celebrates his victory i... […]

Five challenges for Macron in new term

French President Emmanuel Macron faces a daunting range of tasks after defeating far-right leader Marine Le Pen and winning a new term at the Elysee Palace. AFP looks at five challenges ahead for the centrist
The Baltic Performer, a 150-metre cargo ship operated by a Swedish subsidiary of the Russian company Baltic Shipping, arrives in the Swedish port of Helsingborg on April 4, 2022. Photo: Camille Bas-Wohlert / AFP
The Baltic Performer, a 150-metre cargo ... […]

Europe warms up to Russian shipping blockade

One of Sweden's two main dockworkers' unions decided at the end of March that it would not unload vessels with ties to Russia, in protest against Moscow's invasion of Ukraine
A Ukrainian serviceman stands by the remains of a shopping mall in Kyiv on March 21, 2022 after a Russian attack. Photo: Aris Messinis / AFP
A Ukrainian serviceman stands by the rem... […]

Ukraine war sparking turmoil for world economy: EBRD

The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development. The EBRD's chief economist spoke to AFP about the fallout from Russia's invasion
LENINGRAD REGION, RUSSIA - JULY 27, 2021: A gas measuring unit at the Slavyanskaya compressor station (operated by Gazprom), the starting point of the Nord Stream 2 offshore natural gas pipeline. A gas treatment unit has been launched at the station. The Nord Stream 2 pipeline will supply gas from natural gas fields in the Yamal Peninsula from where main pipelines have been laid to the Slavyanskaya compressor station. According to Russia's Deputy Prime Minister Alexander Novak, the construction of Nord Stream 2 will be completed by the end of this year. Peter Kovalev/TASS
LENINGRAD REGION, RUSSIA - JULY 27, 2021... […]

How much gas comes from Russia?

The share of national gas imports from Russia is over 50% in some EU countries. This interactive map shows how this looks in the individual member states. In addition, the graphic provides an overview of the most important gas pipelines from Russia to Europe.
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