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2022/06/08 / Ceska Sporitelna Research

EU News Monthly June 2022

The European Commission has concluded that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of euro area Member States to twenty.

EU leaders have agreed that the EU will ban the import of Russian oil by tankers, and that transport through the Druzhba pipeline will be given a time-limited exemption. The sanctions should thus directly affect 2/3 of imports of Russian oil that go to the EU by sea from Russia.

Spring 2022 Economic Forecast: EU GDP is projected to remain in positive territory over the forecast horizon, thanks to the combined effect of post-lockdown re-openings and the strong policy action taken to support growth during the pandemic. Real GDP growth in both the EU and the euro area is now expected at 2.7% in 2022 and 2.3% in 2023.

The largest factory in the EU for recycling batteries for electric cars has been built in Fredrikstad, Norway. It can process batteries from 25 thousand electric cars a year.

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General information

AuthorCeska Sporitelna Research
Date2022/06/08
Languageen
Product nameEU News Monthly
Topic in focusFX, Macro/ Fixed income
Economy in focusCzech Republic
Currency in focusCzech Koruna
Sector in focus-
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