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German car industry could lose 100,000 jobs because of the pandemic coronavirus

Industry expert Ferdinand of Dudenhefer said that the restoration of Germany's automotive industry may need up to 10 years....

VW loses more than 2 billion dollars a week because of coronavirus

Company warns of possible layoffs if the situation with the pandemic COVID-19 will not be taken under the control of national governments....

Poland will build the world's largest plant for the production of batteries for electric vehicles

the Project will facilitate the transition of Europe on clean energy and electrification of the European transport industry....

Sovereign Fund of Norway has lost 124 billion dollars due to the collapse of markets

the world's Largest national wealth Fund lost per month more than $ 100 billion because of the collapse of the markets and falling oil prices....

Measures to rescue the economy and financial system of the EU is not consistent

EU Finance Ministers were unable to agree on the rescue plan for the economy and financial system of the Eurozone from the consequences of...

Gas prices in Europe fell to historic lows

due to limitations of production in Europe has increased dramatically balances of gas in storage, putting pressure on prices....

Nissan stopped the factory in Barcelona and fired 3,000 employees

Nissan has fired about three thousand employees in its three factories in Spain....

The largest steel plant in Europe closed on quarantine

Italy stops the production of coronavirus, the unions ILVA ArcelorMittal and the administration have agreed on a two-month is simple....

The Danube Commission has limited shipping on the Danube

This is due to measures to combat the spread of coronavirus COVID-19....

The ECB will allocate 1 trillion Euro this year to stop the spread of coronavirus

With rising bond yields on the periphery of the unit and the spread between Italian and German ten-year debt, doubled in just a few days, the ECB is...

Coronavirus prevented the restart of blast furnace in Krakow

ArcelorMittal closed the plant in Krakow in November last year, citing rising costs and the deteriorating market prospects and planned to start steel...

European automakers stopped production

European automakers suspend production on the backdrop of the spread of coronavirus COVID-19....

Airbus suspends production in France and Spain

Airbus has developed plans in the event of unforeseen circumstances, to slow down or stop production if coronavirus France will be subjected to...

COVID-19: the EU and the countries of the "Schengen" completely closed external borders

All travel is between non-European countries and the European Union will be suspended. This decision was adopted by all EU member States unanimously....

The closure of European borders disrupt trade precious metals

currently, there are delays in the supply of ferrous metals in Central Europe 2-3 days from the normal time of transportation....

The European Union imposes border measures in the context of emergency COVID-19

member States of the EU can re-introduce internal border controls, but may not restrict the movement of people and commodities....

Car market in Italy is experiencing a record decline

in Addition to the fall sales, the Italians began to experience serious disruptions in supply of parts and components that could not affect the...

Volkswagen in Portugal reduces the production of vehicles due to lack of manpower

a labor Shortage in Lisbon came after the authorities ' decision to close all schools due to the outbreak of coronavirus....

The European economy will face a recession by 2-2,5% due to pandemic

Europe has become the new epicenter of the spread of the coronavirus that causes regional governments to take strict quarantine measures....

The European Commission has published a note on the US decision to ban travel from Europe

the Decision of U.S. President Donald trump with the introduction of new restrictions on travel from Europe to combat the spread of coronavirus, the...

The European auto industry closes plants because of the violation of supply chain components

Outages were the latest blow to European automakers, which are struggling with weak global demand and high costs....

Angela Merkel: up to 70% of the population will be infected with coronavirus

the German Chancellor said that the government's main objective at the moment was slowing the spread of the coronavirus....

The EU creates a Fund to combat coronavirus in the amount of 25 billion Euro

member States of the EU will have to use these sums to accelerate their investments in structural funds....

UK begins the most ambitious programme of public investment for 65 years

Investment plan of the government provides budgetary financing of British industry in the amount of 100 billion pounds....

The European Commission presented a new strategy of industrial policy of the European Union

the Strategy aimed to improve European competitiveness and expand the strategic autonomy of the unit in a difficult geopolitical situation and...

Chinese Jingye company completed the acquisition of the assets of British Steel and is ready to invest $ 1.5 billion

the Process of absorption of the assets of the second largest steel company in the UK Chinese owner officially completed....

ArcelorMittal will test the price of 520 euros per ton for hot rolled coil in Europe

the Company Lakshmi Mittal can open greater access to the European market to import hot rolled steel from Asia, as at the moment, offers from this...

The Greek authorities decided to 2023 to completely abandon coal

In Western Macedonia the decision to abandon the use of coal will lead to massive layoffs and billions in losses....

Deutsche Industriebank: steel prices in Germany will grow in spite of the coronavirus

Analysts predict capacity constraints, failures in supply chains, reducing air traffic delay in supply and the like in Europe. However, steel prices...

ArcelorMittal has revealed details of the agreement with the government of Italy for ILVA

In the text of the original lease agreements and the buyout of the steel plant ILVA amended to include public investment in InvestCo AM from the...

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