Economy of the European Union

Britain said on Sept. 28 it would grant 12 out of 47 applications for new licenses to small boats from the European Union to fish in its waters, provoking an angry response from France.

French fishermen have become increasingly angry over how Britain has controlled access for EU boats into its waters after it exited the bloc.

The Organisation for Economic Co-operation and Development (OECD) issued a warning saying that the "uneven" global economic recovery provokes worse forecasts related to global economy. OECD lowered its 2021 growth forecasts for the world, including pessimistic expectations about US. Still the Organisation raised the outlook for Europe, EPA reported.

Greece's pandemic-battered economy will bounce back even more quickly than its government projects and could return to pre-crisis levels this year, according to Bank of Greece Governor Yannis Stournaras.

The annual inflation rate went up to 5.3 pct in August 2021, from 5 pct in July, given that non-food stuffs were more expensive by 7.92 pct, foodstuffs by 2.7 pct, and services by 2.97 pct, according to data published on Friday by the National Institute for Statistics (INS). According to the INS, consumer prices in August 2021 compared to July 2021 increased by 0.2 pct.

Gornja Radgona – Several organisations of farmers staged a protest on Wednesday against solutions contained in the draft national strategic plan for the implementation of the EU’s common agricultural policy, which involves a shift from direct payments to farmers towards the financing of rural development policy.

The annual inflation rate has risen to 5 pct in the month of July 2021, from 3.9 pct in June, given that non-food products were more expensive by 7.64 pct, services by 2.74 pct and foodstuffs by 2.33 pct, according to data published on Wednesday by the National Institute for Statistics (INS).

 In May 2021, industrial production in Bulgaria grew by 15.1 per cent compared to May 2020, reads the latest Monthly Report on Bulgarian Economy released by the Economy Ministry on Thursday. Growth continued to be driven by the manufacture  of  motor  vehicles, trailers  and   semi-trailers, of machinery and equipment, and of metal   products.

The members of the Council of Administration of the Romanian National Bank (BNR) estimate that economic activity will continue to grow in the second and third quarter at greater pace than estimated in May, but in gradual deceleration in relation to the first quarter, according to the minutes of the monetary policy session of July 7, 2021.

The action is co-financed by the European Regional Development Fund (ERDF) of the European Union

Romania's annual inflation rate increased to 3.9 percent this June from 3.8 percent in May, as prices for non-foods advanced 5.71 percent, for food 2.17 percent, and for services 1.59 percent, shows data released on Tuesday by the National Institute of Statistics (INS).