According to the contract signed in 2020, Energomashspetsstal will manufacture and supply to Akkuyu NPP 10 VVER-1200 reactor vessel products,...
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Eurogroup will continue massive state support of the economy in connection with the pandemic
The countries of the eurozone will continue to massively support the economy affected by the coronavirus pandemic. Debt problems will be resolved...
The first phase of the new EU import control system - ICS2 comes into force today
The new system will help ensure a level playing field for all importers and facilitate legal trade across the external borders of the European...
Liberty Steel began shutting down factories in the UK
"If it closes, it will be a disaster": Rotherham fears for its steel industry....
Volkswagen starts new round of job cuts in Germany - Handelsblatt
This time, both the previously tested mechanisms of accelerated retirement and voluntary dismissal, and innovative mechanisms for reducing the number...
EU aims to become the second largest battery manufacturer after China by 2025
The European Battery Alliance has ambitious goals. Berlin, Paris and Brussels want to bite off significant battery market shares from Asia and the...
Economists expect German GDP to grow 3.7 percent in 2021
Germany's GDP will grow by 3.7 percent, partly offsetting the nearly 5 percent drop in 2020, analysts at the IWH predict....
ArcelorMittal stops supplying rolled products to Liberty Steel galvanizing line in Europe
Prices for galvanizing in Europe after this event may soar above 1000 euros per ton, if there are no import offers....
Thyssenkrupp Steel buys two new hydrogen furnaces
Walking beam furnaces will be installed in Duisburg to heat the steel plates for rolling....
The Salzgitter smelter in Lower Saxony starts smelting steel with hydrogen
Natural gas will play the role of a critical transition fuel to increase the input of initially small volumes of hydrogen over time in the conversion...
UK prime minister hit by Liberty Steel's financial woes
Boris Johnson may not be willing to invest British taxpayers' money in Sanjeev Gupta's empire, given its global reach and pile of debt, but will be...
The Kharkiv "Turboatom" was visited by a delegation of Hungarian nuclear scientists
Representatives of the Hungarian nuclear power plant discussed the current cooperation with Turboatom, as well as the prospects for its development....
The owner of Zaporozhkran won a service contract for the maintenance of equipment of the Swedish LKAB
Finnish Konecranes, which owns the Zaporozhye crane plant, will service the equipment of the Swedish international mining company LKAB....
Norway suspends sale of Rolls-Royce assets to Russian company for security reasons
Britain's Rolls-Royce announced the planned sale on February 4 as part of a cost-cutting plan to help the aircraft and ship engine manufacturer...
France to help steelmakers hit by Greensill bankruptcy - finance minister
In Europe, fears of the loss of several thousand jobs are growing due to the financial problems of the British Liberty Steel, which is closely...
Germany surpasses the United States in sales of new electric vehicles and hybrids
In 2020, almost 395 thousand electric vehicles and hybrids were sold in Germany, and 322 thousand in the USA. China remains the largest market....
Bosch launches automotive chip plant in Dresden
Fully automated production and real-time data exchange between machines will make chip production in Dresden extremely efficient....
Eurozone investor morale at its highest rise in 12 months
The ongoing vaccination and rising inflationary pressures give confidence and optimism to European investment funds....
Coronavirus drove Belgian skiers to the slopes of the Charleroi waste heap (Video)
Charleroi, Belgium, today is an industrial region with closed mines, dilapidated factories, total abandon, mud, devastation and people with low...
Poland could lead the race in hydrogen steel technology
Polish scientists have developed a new method of making steel directly from iron ore using hydrogen from hydrocarbon gases....
Siemens Energy promised Deutsche Welle to closely monitor democracy in Belarus
Opposition Belarusians and the diaspora have a new form of struggle against the Lukashenka regime. But the wrong German company was under attack....
US and EU suspend the collection of duties that were imposed against each other during the Trump administration
US President Joe Biden and European Commission President Ursula von der Leyen also agreed on a coordinated foreign policy, including towards Russia...
Sanjeev Gupta Metallurgical Alliance Stops Paying Greensill Loans
The fates of two British nouveau riches Lex Greensill and Sanjeev Gupta are closely intertwined and not only by mutual financial obligations....
Lufthansa has a record loss of 6.7 billion euros in 2020
Deutsche Lufthansa AG, better known as Lufthansa, is Germany's flagship airline and Europe's largest aviation concern, which also includes such large...
Liberty Steel changes its mind about buying Hungarian steel mill Dunaferr
A possible reason for Liberty's withdrawal from negotiations with the Hungarian government, which started at the end of January, could be problems...
UK Raises Tax Rates for Large Businesses to 25%
Companies with revenues of more than £ 250,000 a year or more will be taxed at 25% from 2023....
British unions fear thousands of jobs to be lost due to Sanjiv Gupta's financial woes
Recent concerns about future difficulties in refinancing Greensill's liabilities and Sunjawa Gupta's business are of serious concern to unions....
The United States expands the list of organizations associated with the development of Russian chemical weapons
The US Department of Commerce has imposed sanctions against 14 organizations located in Russia, Germany and Switzerland in connection with the...
Britain denies loan guarantees for metallurgical holding GFG Alliance
British investment fund Greensill has lost its government guarantee on loans to steel tycoon Sanjeev Gupta....
Spread between raw materials and high strength alloy steel in Europe increased in price
Hot rolled coil spot prices in Europe rose to an average of € 723.85 per tonne in February. Scrap prices are falling, while coking coal prices...
