Protectionism

European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said.

This will help the export of the products

Certain members of the ruling coalition parties and (formal) opposition parties chose not to support Karel Erjavec as the new prime minister.

Erjavec thus received only 40 of the 46 votes he needed. Having survived the no-confidence vote, Jansa can now continue disassembling state institutions and dealing with anyone critical of his government.

Turkey's machinery exports reached $17.1 billion in 2020, marking a decrease of just 4% despite the novel coronavirus pandemic, an exporters group said on Jan. 20. 

The machinery sector increased its performance by 17.5% in December and 9% in the last quarter, said the statement by the Machinery Exporters' Association (MAIB).

The Turkish economy, expected to shrink in 2021 like many other countries due to the coronavirus, will bounce back 6% in 2021, the European Bank for Reconstruction and Development (EBRD) said on May 13. 

"Turkey is likely to see a contraction of 3.5% in 2020 because of the economic impact of the coronavirus pandemic," the bank stressed in a press release.

It is now clear that in Europe, as elsewhere, neither health services nor social protection systems were in place when Covid-19 hit. The European "project" is again being tested.

Just as death is the limit of life, so the fear of death, its messenger - a virus, a law, a war - marks the limits of liberty. The spread of the new coronavirus that broke out in a food market in China in December shows how vulnerable we are as individuals and societies.

Undoubtedly the global political system has entered a period of instability and we can see that and the resulting complications on a daily basis.

The actions of the US President have undermined the credibility of the once sole superpower.

Δείτε ακόμη: Politico - Το «μισό» θαύμα της Ελλάδας

The EU's anti-dumping measures against Chinese goods are an opportunity for the Turkish bicycle sector, according to the head of Turkey's Bicycle Industry Association.

Greece has formally ended the last remaining banking restrictions imposed four years ago during a financial crisis that saw the country nearly crash out of the eurozone.
The decision announced last week took full effect Monday as limits were lifted on international business transactions, overseas cash withdrawals and money sent to students studying abroad, among other cash curbs.