Business

Luxembourg Fuel Prices Set to Drop, Easing Costs for Drivers and Households

Fuel prices in Luxembourg are set to decrease starting Tuesday, offering a financial reprieve for both motorists and households. The price of diesel will drop by 4.3 cents, bringing it down to €2.038 per litre, while 98-octane petrol will see a reduction of 3.9 cents, making it €1.945 per litre. Additionally, the cost of heating fuel will decline by 4.4 cents per litre, now...

Meloni Urges EU for Budget Flexibility Amid Rising Energy Costs

Italian Prime Minister Giorgia Meloni is advocating for sustainable, long-term solutions to tackle the escalating energy costs, emphasizing that recurrent emergency measures are insufficient for lasting relief. Speaking at the Assolombarda assembly in Milan, Meloni highlighted the Italian government's allocation of over €60 billion in recent years to alleviate the burden on households and businesses. The measures have included reducing energy bill surcharges, adjusting...

Italy Mulls Flexible Fuel Tax Cuts Amid Rising Diesel Prices

As fuel prices rise in Italy, Prime Minister Giorgia Meloni announced that the government is considering implementing a flexible mechanism to reduce fuel duties....

Luxembourg’s Revenue Increases by 9.9%, Yet Deficit Hits €339 Million

By the end of September 2026, Luxembourg's state revenue saw a significant increase, reaching €23.9 billion. This marks a 9.9% rise compared to the...

Italy’s Economy Grows 0.2% in Q2 2026, Driven by Domestic Demand

In the second quarter of 2026, Italy's economy experienced modest growth, with its Gross Domestic Product (GDP) increasing by 0.2% compared to the previous...

Italy Seeks €7 Billion Deficit Flexibility for Defense and Energy Spending

Italy's government is gearing up to submit a budget plan that includes an additional deficit of approximately €7 billion, deviating from its previously agreed...

Italy-Germany Bond Spread Widened by Rising Demand for German Bonds

The yield spread between Italy’s 10-year government bonds and Germany’s benchmark Bund expanded on Friday, reaching 126 basis points, up from 118 basis points...

Eni Caps Fuel Prices as Sicilian Truckers Plan Strike Over Costs

Amid ongoing concerns over rising fuel costs linked to geopolitical tensions, Italy's state-controlled energy company, Eni, has implemented a temporary cap on fuel prices...

Petrol Prices Set to Increase from Midnight Friday

Starting from midnight Friday, fuel prices are set to increase, impacting both 95 and 98 petrol. The price for 95 petrol will rise by...

Italy Projects 3.1% GDP Deficit for 2025, Impacting Economic Outlook.

Italy's ongoing efforts to comply with European Union fiscal rules have encountered a setback, as the country's budget deficit for 2025 has been confirmed...

ECB Unveils Blockchain System to Enhance Financial Market Connectivity

As central banks worldwide closely monitor the potential of blockchain technology to transform financial transactions, the European Central Bank (ECB) is taking a significant...

Energy Market Strains Push Italian Fuel Costs Higher, Impacting Economy

As fuel prices continue to rise globally, Italy is experiencing a notable increase at its petrol stations. This trend is marked by a climb...

Q2 2026: Italy Sees 4% Increase in Residential Property Values

Amidst a backdrop of fluctuating real estate markets across Europe, Italy's housing sector experienced a notable shift in the second quarter of 2026. National...

Dutch Flying Car Gains Approval, Promising Economic Boost by 2028 Launch

The Liberty flying car from Dutch manufacturer PAL-V has taken a significant step towards commercial availability, following the European Union Aviation Safety Agency's (EASA)...