Sitemap

Netherlands, the Fifth-largest Economy in the Eurozone, Fallen Into Recession

CorD Recommends

Celebration Of 115 years Of Diplomatic Relations Between Egypt and Serbia

On Thursday, November 23, the Slavija Fountain...

Serbia and Cyprus Strengthen Ties with Three New Cooperation Memorandums

In a significant diplomatic event held in...

Serbia Appoints New Ambassadors to Sweden, Venezuela, Brazil, and Libya

Serbia has announced the appointment of four...

Chinese Firms Lead as Serbia’s Top Exporters

Three Chinese companies have emerged as the...

Belgrade Hosts International Energy and Environmental Fairs

At the Belgrade Fair, the 18th International Energy Fair and the 19th International Environmental Protection Fair have been opened,...

French Week Celebrated with New Beaujolais and French Ile de France Cheeses

Another celebration of French Week, a now traditional event, was kicked off with a grand welcoming of the new...

Milan Radulović Awarded French Order of Arts and Letters

Milan Radulović, the director of the Music Youth of Novi Sad and the Novi Sad Music Festivities, has been...

Swedish High-Tech Electric Ferry Sets New Public Transport Standard

Cities worldwide view clean and efficient public transportation as a key strategy for reducing carbon emissions.  For cities with...

Celebration Of 115 years Of Diplomatic Relations Between Egypt and Serbia

On Thursday, November 23, the Slavija Fountain in Belgrade was illuminated with the colors of the Egyptian flag, in...

The country has entered a recession as its economy contracted by 0.3% in the second quarter compared to the previous quarter, according to the initial estimate released by the Dutch statistical office.

Despite being the fifth-largest economy in the Eurozone, the Netherlands has experienced a second consecutive quarterly decline, following a 0.4% contraction in the first three months of this year.

Dutch economic growth reached nearly 5% in 2021 and 2022, a rebound from the pandemic-induced slump. However, the first post-pandemic recession was triggered by a decline in personal consumption and exports, driven by high inflation that raised food prices and energy bills.

Consumption plummeted by 1.6%, and exports shrank by 0.7% compared to the first three months of this year.

Read more...

German Public Debt Rises To New Record High

Germany's public debt has reached a new record high, according to a press release issued Friday by the Federal Statistical Office. The energy crisis and...

Nature Restoration Law: MEPs Adopt Position For Negotiations With Council

The EU must have restoration measures in place by 2030 covering at least 20% of its land and sea areas, say MEPs. Following a debate...

Inflation in the Netherlands is moderating; after peaking at 14.5% in September last year, it remains relatively high at around 6% in the second quarter of 2023.

The economy of Belgium, the Netherlands’ neighbor, grew in the last quarter, while Germany, a European economic powerhouse that the Dutch economy heavily relies on due to its proximity, experienced stagnation in the same period.

Related Articles

Swedish High-Tech Electric Ferry Sets New Public Transport Standard

Cities worldwide view clean and efficient public transportation as a key strategy for reducing carbon emissions.  For cities with waterways, a high-tech Swedish ferry...

Serbia and Cyprus Strengthen Ties with Three New Cooperation Memorandums

In a significant diplomatic event held in Belgrade, the governments of Serbia and Cyprus have inked three memorandums of understanding, reinforcing their collaboration in...

FIC Presented the White Book 2023

The Council of Foreign Investors (FIC) presented the "White Book 2023", which contains 397 recommendations for improving the business and investment climate in Serbia,...

EU Seeks Expansion: Greenlights Talks with Ukraine, Moldova

The European Commission has adopted the 2023 Enlargement Package, providing a detailed assessment of the progress and current state of Albania, Bosnia and Herzegovina,...

Slovakia’s New Government Halts Arms Delivery to Ukraine

The incoming Slovak government has taken the decision to halt arms deliveries to Ukraine, a commitment previously made by its predecessor, fulfilling a campaign...

Slovak Foreign Minister Cites International Law in Refusing Kosovo Recognition

Slovakia remains one of the five European Union nations that have not recognised Kosovo's independence, stated Slovak Foreign Minister Juraj Blanar during a visit...

AI Poses Potential Catastrophic Risk, Warns Bletchley Declaration Signed by 28 Nations

Artificial Intelligence (AI) poses a potentially catastrophic threat to humanity, according to the Bletchley Declaration signed by 28 countries, including the United States, EU,...

Green Diplomacy Week 2023 Puts Energy in the Spotlight

"Empowering the Future: Cleaner Energy, More Equal Opportunities" is the rallying cry of an innovative and imaginative campaign spearheaded by the EU Delegation in...