The market risk for the European banking sector–associated with growing volatility, potential liquidity shortages and the possibility of drops in asset prices–increased at the turn of the year and is currently at a high level.
According to the economists at the Bruegel Institute, the future EU budget, including new tasks in the area of security, migration and protection of external borders, requires greater funding and changes in the structure of assistance programs.
Estonian energy company, Eesti Energia takes over renewable energy developer Nelja Energia. The value of the transaction is EUR289m. The Baltic States’ electricity systems will be connected to the Continental European Network (CEN) via Poland by 2025.
The average price per hectare of arable land in the European Union varies from as little as EUR 1,165 to as much as EUR108,000. Land is the cheapest in Bulgaria, in south of Sofia, and the most expensive is near Genoa, Italy.