French automaker Renault has opened its own factory in Algeria as it's the largest African state. Thus, the company intends to fight with the weakness of the European car market by focusing on areas previously considered peripheral, in particular in Africa.   Renault also opened a factory in... Read more

Turkey and Ukraine will continue active negotiations to establish a free trade zone. It was stated on a meeting of the strategic planning group by Foreign Minister Pavlo Klimkin. Minister of Foreign Affairs of Turkey Mevlut Cavusoglu said that trade turnover of 6.7 billion US dollars between Ukrain... Read more

The European Investment Bank (EIB) will provide EUR800 million to finance the foreign trade activities of their clients, as well as small and medium enterprises in the priority sectors.   According to a report on the bank's website, EUR400 million will support eligible export and import trade... Read more

Fund auditors report clearly admitted: advice to governments of European countries about budget cuts and tax increases do not lead to any improvement. "The call for fiscal consolidation as one sure was premature. The recovery in most developed countries was much slower, and in many European countrie... Read more

The key creditor of Ukraine International Monetary Fund has appointed a new head of the European Department of the Fund, which will be in charge of the program of cooperation with Ukraine. The new head of the department will be Dane Paul Thomsen, the former head of the IMF mission in Iceland, Portu... Read more