Luxembourg

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Up to 50% lower commissions in banks – What Mitsotakis will announce in Parliament

A loud intervention in the banks regarding their excessive profits is expected in the coming days from the government. According to information, the legislative regulation to reduce by 50% the high fees they charge citizens for their transactions is considered certain.

Bulgaria's Aging Workforce: Over 60% of 60-64 Year-Olds Remain Employed

In Bulgaria, more than 60% of people aged 60 to 64 remain active in the labor market, a figure that surpasses the European Union average. This places Bulgaria 11th out of the 27 EU member states. According to a recent report by Allianz Trade, this high level of workforce participation in the older age group is linked to the country's rising retirement age.

57-year-old man arrested in Attica on European arrest warrants

He was arrested on Monday (2/12) afternoon by police officers of the Search Department of the Attica Crime Investigation and Detection Directorate, a 57-year-old foreigner who was being prosecuted by the Luxembourg authorities under European arrest warrants for offenses against property and economic offenses.

Low Wages Drive Labor Shortages in Bulgaria and Europe

Labor shortages have become a key issue discussed at the recent EU Council of Employment and Social Policy Ministers (EPSCO) meeting. While employers often point to a lack of skills as the primary reason for the shortage, a study by the European Trade Union Institute (ETUI) highlights a different perspective, revealing that low wages play a significant role.

Budget 2025: Green light from the Commission – “Greece is in a position to repay its debt”

 

Greece is one of the 20 countries that received approval of the Medium Term Plan and one of the 8 countries whose Draft Budgetary Plans were assessed positively both in terms of the recommendations of the European Semester and in the context of respecting the expenditure ceilings.

Sharp Decline in Foreign Direct Investment in Bulgaria

Foreign direct investment (FDI) in Bulgaria recorded a net positive flow of 1.24 billion euros for the first nine months of 2024, equating to 1.2% of the country's gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB). Despite the positive figure, this represents a significant decline of 63.3% compared to the same period in 2023.

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