German Social Democrats have increased pressure on conservatives of Chancellor Angela Merkel to support proposals for reforming the Eurozone, according to their coalition agreement, Reuters reports. Those conservatives that support Merkel also want to limit her ability to carry out reforms in the euro area, says Reuters referring to files. These plans could damage Germany's relations with France...

China is actively investing in the countries of Central and Eastern Europe, while the European Union refuses to subsidize the region. In exchange for investing in the infrastructure and economy of Eastern European countries, Beijing receives a tacit approval of its actions as the EU is apparently unable to come to an agreement. "Our goal is to see a prosperous Europe," said Prime Minister Li...

Forecasts of the Institute of International Finance (IIF) suggest an increase in a gap between economies of the world in terms of growth rates in the coming years. Developed economies, including such large ones as the US and the EU, will be growing at a rate of no more than 3% per year until 2019, while emerging markets - primarily China and India – will be outpacing them in terms of GDP growth...

India has already become the fastest growing economy in the world at the end of 2017. However, the country's GDP can grow at double-digit rates soon. India's GDP, according to the forecast of the Central Bank of the country, will increase by 7.4% in fiscal year 2019 after an increase of 6.6% in the previous year. "The steady growth rate is about 7%, and it can be greater with the support of...

The purpose of the OPEC + agreement to limit oil production is to reduce stocks in OECD countries to an average level of five years. And it can be achieved already in May, the International Energy Agency (IEA) expects. According to experts, Russia and Saudi Arabia received an additional $ 121 million a day compared with 2017 from participation in this transaction in the first quarter of 2018. In...

Judging by the latest news reports, the world is facing a clash of two superpowers in Syria. The situation resembles the Caribbean crisis and even may provoke a new world war. On the one hand, these fears are fueled by the unpredictability of US President Donald Trump, who spoke out against Russia on Wednesday via Twitter. Shortly before that, the Russian ambassador in Lebanon threatened that the...

On Thursday, it became known that one of the largest online exchanges working with crypto-currencies - the OKEx Technology in Hong Kong - is going to open a new office in Malta. Binance exchange, the world leader in this market, announced a similar decision in the last month. It seems that the island is rapidly approaching a goal stated by the country government - to become an "island of...

A former supporter of Prime Minister Viktor Orban, who became his worst enemy, Lajos Simicska is actually closing its media empire. The daily newspaper and radio station will stop working this week, the TV company is cutting staff, and the socio-political weekly newspaper is invited to look for new investors. The victory of Viktor Orban in the parliamentary elections in Hungary means that he will...

There is nothing better than going on vacation and not worrying about anything else. That is why many choose the "all-inclusive" system. There’s no need to worry about what to eat, where to swim and how to entertain yourself. Everything is included in the price you pay in advance. Experts of TravelSupermarket rated the cheapest all-inclusive system destinations. For comparison, the prices were...