currently, there are delays in the supply of ferrous metals in Central Europe 2-3 days from the normal time of transportation....
Europe
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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...
The Italian government managed to persuade ArcelorMittal to continue working in Taranto
the Decision by Lakshmi Mittal to come out of Italy was a big blow for the coalition government, which could face massive layoffs in the depressed...
Bulgaria agreed to a reduction in the price of Russian gas 40%
Earlier, Minister of energy of Bulgaria Temenujka Petkova during a visit to USA said that the country until the end of 2020 plans to replace the...
ThyssenKrupp sold its Elevator business dropped 17.2 billion euros
German industrial group intends to use cash flow to the extent necessary to reduce debt and reduce structural costs. In particular, funded pension...
The owner of British Airways reported a significant influence of the coronavirus in revenues in 2020
After profit forecast for the year 2020 the shares of International Airlines Group fell by 17%, which is a record for the stock market this week....
The European Central Bank does not believe the coronavirus a "catastrophe" for the economy
transmission of coronavirus would be a "disaster" for the economy, if not it will continue the development of a vaccine....
In Europe plummeting sales of new passenger cars
European automobile manufacturers Association (ACEA) reported a decrease in demand for new cars in the EU by 7.5%....
The EU invests over 100 million euros in the new "green" projects
the Funding will support 10 large-scale environmental and climate projects in nine member States, which will help Europe to move towards a...
A German court has blocked the construction of Girafarig Tesla in Berlin
Environmental activists achieved a temporary ban on all work on the construction of the plant Tesla in Germany....
US increases tariffs on European planes with 10 to 15%
In October of last year the WTO allowed Washington annually to impose punitive duties on the products to $ 7.5 billion from the European Union...
The head of the European Commission Ursula von der Leyen suspected of corruption
the Error was, but the rules were not clear: European Commission President and ex-Minister of defence of Germany Ursula von der Leyen responded to...
British manufacturer JCB machinery reduces the production of coronavirus
Company reduces production amid growing demand, and promises to catch up after the Chinese suppliers will resume....
The Swiss manufacturer of elevators challenged the sale of Elevator division Thyssenkrupp
proposed merger of Thyssenkrupp Kone will cause litigation according to the manufacturer Schindler elevators in violation of antitrust laws, said in...
Eurostat: industrial production in the Eurozone decreased by 2.1%
In 2019 in the European economy was the decline in industrial production by 1.1%, while in December the decline accelerated to 2.1%....
Daimler cut its net profit by 2.8 times in 2019, completed the fourth quarter with a loss
In the fourth quarter Daimler unexpectedly received a net loss in the amount of 11 million euros compared to a net profit of 1,642 billion euros in...
