Contactless Payments Grow in Europe
In the first half of 2023, the total number of non-cash payments in the euro area increased by 10.1% compared to the same…
Modest Rise in German Employment
According to the German Federal Statistical Office (DESTATIS), the number of employed people in Germany in December 2023 increased by 0.4% compared to…
German Import Prices Lower
The import prices in December 2023 were 8.5% lower compared to December 2022, marking the strongest decline since 2009. The annual average for…
German Retail Weak in 2023
According to the German Federal Statistical Office, the retail turnover in Germany in 2023 was 3.3% lower than in 2022. The Christmas season…
ECB Looks at Climate Risk
The European Central Bank (ECB) is increasing its focus on climate-related risks and the green transition. The ECB will review its climate actions…
German Economy Shrinks
The German gross domestic product (GDP) decreased by 0.3% in the fourth quarter of 2023 compared to the previous quarter. The overall economic…
German Homes Need Less Heat than 20 Years Ago
Private households in Germany have reduced their CO2 emissions from heating by 12% over the past 20 years. In 2021, approximately 147 million…
€20 and €50 Most Counterfeited
The number of counterfeit euro banknotes withdrawn from circulation in 2023 was low, with 467,000 counterfeit notes being removed. The majority of these…
German Rail Strike Ends Early
In a significant development in the ongoing labor dispute, the Gewerkschaft Deutscher Lokomotivführer (GDL) has prematurely ceased its strike actions in both goods…
Eurozone Net Savings Surge
In the third quarter of 2023, the euro area saw an increase in net saving and a decrease in household debt-to-income ratio and…