According to the German Institute for Economic Research (Ifo), bridging the gap in average wages between East and West Germany can take decades. Now the gap is 21%, and is decreasing by 1.7% per year. One of the reasons for the continuing differences in salaries between the country’s parts is a larger number of small enterprises and a higher proportion of women working in the east of Germany. On...

Citizens of the United Kingdom constantly living in France have increased efforts to obtain French citizenship until June 23 - the date of the referendum at home. Those who have lived in France for decades were first to line up for citizenship. As ‘Brexit’ referendum date is approaching, a growing number of UK citizens permanently residing in other European countries, notably France, is thinking...

Congressmen of Brazil supported the impeachment of President Dilma Rousseff, according to Globo Portal. 367 MPs voted for her impeachment, against - 137, abstained - 7. Of the 513 deputies of the lower chamber, only two were absent on the historic vote. Preliminary surveys conducted in the evening on April 16 in three national newspapers recorded a more modest overweight opposition - only five or...

One of the northern regions of India is hit by a crisis associated with a lack of water and water resources. Residents of the region are complaining that they have no opportunity to take a bath for few days. Hot climate aggravates the problem, not only in terms of hygiene, but also in terms of public health. Of course, India is not alone in the issue of water scarcity. However, the situation is...

Qatari media concern "Al Jazeera" stopped broadcasting "Al Jazeera America" TV channel in the United States. It was supposed that the TV channel "Al Jazeera America", started in August 2013, will be able to compete in terms of the supply of information with the US leading news agencies and TV channels, in particular, CNN, Fox News Channel, MSNBC, and RT America. However, after 32 months from...

What an ideal tax amnesty should look like? Some are opposed to it in principle, as it is, in their view, rewards those who broke the law. Others believe that maximum revenues should be the main goal. The Organization for Economic Cooperation and Development (OECD), taking into account both positions, offered an amnesty, which would become less expensive for the tax evaders, than if they had been...

The strongest Italian banks, insurers and asset managing companies agreed with the authorities to establish a fund with volume of € 5 billion. These funds will be used to assist the poor credit institutions. The decision was made amid growing investors’ anxiety about stability of the banking sector belonging to the eurozone's third largest economy. In particular, concerns are triggered by a...

‘Panamagate’ has caused a new tidal wave against offshore companies. EU has already promised to introduce sanctions against jurisdictions that refuse to share information. US impeded withdrawal of corporate headquarters from the country through offshore jurisdictions schemes: US President Barack Obama has said that this measure will be beneficial for "everyone, not just people who find themselves...

Venezuelan authorities declared Friday public holidays for the next two months. The decision was taken within a plan to reduce energy consumption, which also stipulates that hotels and shopping malls use their own power generators. Such problems in Venezuela are linked with severe drought - a big part of the electricity is produced by HPP.ns ordered to to relax on Fridays. Venezuelan President...