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| 2024/01/08 / Ceska Sporitelna Research |
EU News Monthly January 2024 On 1 January 2024, Belgium took over the Presidency of the Council of the EU. The main priorities of the Belgian Presidency will be defending the rule of law and democracy, reinforcing social and health agenda, protecting people and band borders and promoting a global Europe. The Schengen area of free movement of persons in the EU will be expanded to include Romania and Bulgaria, the EU countries have agreed. EU annual inflation was 3.1% in November 2023, down from 3.6% in October. A year earlier, the rate was 11.1%. The lowest annual rates were registered in Belgium (-0.8%) and Denmark (0.3%). The highest annual rates were recorded in Czechia (8.0%) and Hungary (7.7%). For budgetary reasons, Germany has ended state aid for the purchase of electric cars, which until now amounted to 4.5 thousand euros for purely battery-powered cars. This move threatens the country's goal of increasing the number of electric cars in operation from 1 million today to 15 million by 2030. |
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General information
| Author | Ceska Sporitelna Research |
| Date | 2024/01/08 |
| Language |  |
| Product name | EU News Monthly |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Czech Republic |
| Currency in focus | Czech Koruna |
| Sector in focus | - |
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