[ad_1] The volume of the aid package for restoring the flood-affected German regions will amount to 10 billion euros, Report informs, citing Der Spiegel. The amount will be allocated in half by the regions and federal authorities. If necessary, the assistance package can be increased. In mid-July, heavy rains were falling in the west and… Continue reading Germany to spend 10 billion euros on flood recovery
Tag: recovery
IEA: High oil prices may slow economic recovery
[ad_1] While the current high prices could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries, Report informs, citing the July 2021 Oil Market Report of the International Energy Agency (IEA). Analysts remind that… Continue reading IEA: High oil prices may slow economic recovery
UN: Mass vaccination to lead to tourism recovery
[ad_1] The high level of vaccination of the population and the wider adoption of digital technologies will lead to an increase in international tourism, according to the World Tourism Organization (UNWTO), Report informs referring to TASS. Destinations where vaccination rates are higher and where governments can work together on agreed rules have more room for… Continue reading UN: Mass vaccination to lead to tourism recovery
IMF recommends support to Azerbaijan’s economy until sustainable recovery
[ad_1] Over the longer term, fiscal policy in Azerbaijan needs to shift to gradual and growth-friendly consolidation, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Given the projected decline in oil resources, oil wealth needs to… Continue reading IMF recommends support to Azerbaijan’s economy until sustainable recovery