The economic impact on Germany of the Russian invasion of Ukraine will last for yearsthe influential economist told Reuters Marcel Fratzscher, of the German Institute for Economic Research, who added that it could cost 3 percentage points of growth this year. It should be noted that the institute advises the government of Europe’s largest economy […]
Tag: Germany
The blow from the war would affect the German economy for years
The economic impact on Germany from the Russian invasion of Ukraine will last for years, influential economist Marcel Fratzscher of the German Institute for Economic Research told Reuters, adding that it could cost it as much as 3 percentage points from growth this year. Fratzscher, whose institute is among those advising the German government on […]
Canada: Historic agreement with Germany on renewable hydrogen
The governments of Canada and Germany signed a cooperation agreement on the production and transport of renewable (or green) hydrogen yesterday on the second day of German Chancellor Olaf Scholz’s visit to Canada. German Economy Minister Robert Habeck and Canadian Energy Minister Jonathan Wilkinson signed the agreement at a ceremony in Stephensville, Newfoundland, in the […]
Scholz: Canada and its LNG are Germany’s choice for weaning off Russian gas
Germany hopes that Canada’s liquefied natural gas will play a “pivotal role” in the country’s exit from the dominance of Russian gas imports, Chancellor Olaf Scholz said on Tuesday from Toronto, as part of his two-day visit to the North American country. . “As Germany moves rapidly away from Russian energy sources, Canada is our […]
German gas storages are now more than 80% full
Germany’s natural gas storages are now more than 80% full, making steady progress despite a sharp drop in deliveries from Russia amid the war in Ukraine, according to marketwatch.com. Natural gas storage in Europe’s biggest economy has reached 80.14% of capacity, according to data released on Tuesday. The head of Germany’s grid regulator, Klaus Mueller, […]
Germany: Manufacturing PMI improves expectations in August, services indicator worsens them
The index manufacturing PMI of Germany published by S&P Global rose five tenths in its preliminary reading for August, standing at 49.8 points compared to 49.3 in July, and improving the 48.3 estimated by the market. Despite the increase, this is the second consecutive month that the indicator is in contraction territory, below 50 points. […]
DW: ‘German interests in Turkey have not changed’
Interview with DW by the head of Turkish affairs at the Institute of Science and Politics, Günder Seifert. What does he answer about Erdogan’s visions? How new is the burbock policy? September marks 100 years since the Asia Minor Disaster. In January, 100 years since the signing of the Treaty of Lausanne. The Treaty of […]
EUR/USD should settle below parity for now – Commerzbank
Purchasing managers’ indices are released on Tuesday (PMI) of various European countries and the eurozone as a whole. If the data is located below 50 expansion signalwould another reason to take the EUR/USD pair below parityreport economists from Commerzbank. Things could start to get tough for the euro now “If PMIs reinforce recession fears by […]
Trudeau to Solz: It is not easy to export LNG to Germany
Canadian Prime Minister Justin Trudeau acknowledged Monday that exporting liquefied natural gas (LNG) to Germany is not easy, even as the European country looks to diversify its sources of supply to reduce its dependence on Russia. At a press conference in Montreal with German Chancellor Olaf Scholz, Trudeau downplayed the possibility of LNG exports from […]
Nord Stream 2 instead of Nord Stream 1?
FDP vice-president Kubiki’s proposal to open Nord Stream 2 is causing strong reactions. In Canada, Soltz and Hambeck with energy at the top of the agenda. After the new pressures of Gazprom and the imminent closure of the Nord Stream 1 pipeline, again due to technical problems at a compression station, from August 31 to […]
