European Central Bank

Inflation in the Eurozone Reached a 13-year High

Inflation in the Eurozone reached a record 3.4% for the last 13 years in September, according to Eurostat data. This is an increase of 0.4% compared to August. Core inflation, excluding food, energy, alcohol and tobacco, rose to 1.9% from 1.6% in August. The European Central Bank (ECB) expects the rate to rise to 4 by the end of the year, which would exceed the bank's target twice.

Skyrocketing Energy Prices Are Worse than Pandemic and Will Stay Longer

The crisis with surging prices of energy sources is worse and will take longer to be resolved compared to the Covid-19 pandemic slowdown and the supply bottlenecks for major industries, European Central Bank President Christine Lagarde said in an interview for CNBC.

Mitsotakis in Marseilles for summit on Med biodiversity, viable development

Greek Prime Minister Kyriakos Mitsotakis travelled to Marseilles on Friday for a mini summit hosted by French President Emmanuel Macron on biodiversity in the Mediterranean, a gathering also attended by ECB Managing Director Christine Lagarde and Hollywood star Harrison Ford, in his capacity as the vice-president of the group Conservation International.

Expert: There Might be a New Rise in Gas Prices as Early as January 1

The current increase in prices will be felt in our bills for January, Vasko Nachev believes

We can expect new "price slaps" from the beginning of next year. This opinion was expressed by energy expert Vasko Nachev.

"We can certainly expect more price slaps, unfortunately. And this will happen on January 1," Nachev said on the show" Hello, Bulgaria. "

Eurozone Consumer Prices Close to Record Highs - ECB

The European Central Bank announced that the consumer price index of the Eurozone has edged to its highest level in a decade. The bank admitted that it had underestimated the potential risk of price increase in EU. The latest figures may provoke a change in the overall ECB policy aimed at containing inflation at significantly lower levels, Reuters elaborated.

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