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Trends in Maritime Freight and Vessel Statistics in the European Union
The Global Banker Magazine In 2022, the handling of seaborne freight in all EU ports witnessed an estimated total gross weight of 3.48 billion tonnes, representing a 0.8% increase compared to the previous year. This positive shift followed a 7.3% decline in 2020 due to pandemic disruptions. Notably, the data indicates partial recovery from 2019,…
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EU Approves Major Investment in Next Generation Cloud Computing Technologies
The Global Banker Magazine The European Commission has recently given the green light to an Important Project of Common European Interest (‘IPCEI’) that aims to promote the research, development, and initial industrial deployment of advanced cloud and edge computing technologies in Europe. This exciting new venture, named IPCEI Next Generation Cloud Infrastructure and Services (IPCEI…
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The Impact of EU Exports on Employment and Value Added
The Global Banker Magazine In 2021, the EU experienced an increase in employment supported by exports to non-EU countries, with 30.4 million individuals finding their livelihood through this channel, marking a 1.7% rise from the previous year. This figure represents 15% of total employment in the EU, highlighting the significant role of export-supported jobs in…
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The Latest Trends in Research & Development Expenditure in the European Union
The Global Banker Magazine In 2022, the European Union made significant strides in research and development (R&D) investment, as revealed by the latest data published by Eurostat. With a total R&D expenditure of €352 billion, representing a 6.34% increase from the previous year, and a remarkable 48.52% surge compared to a decade earlier (€237 billion…
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President of Azerbaijan Calls for Early Presidential Election
The Global Banker Magazine President of the Republic of Azerbaijan, Ilham Aliyev, recently made a significant decision to hold an early presidential election in the country. The announcement signifies a notable change from the previously scheduled election timeline. In his order, President Aliyev instructed the Central Election Commission to oversee the smooth and efficient organization…
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Kazakhstan’s Joint Energy Transition Partnership: A Game Changer in Shaping the Global Energy Landscape
The Global Banker Magazine An ambitious initiative unveiled by Kazakhstan’s President Kassym-Jomart Tokayev at the Twenty-eighth Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai has the potential to significantly shape the global energy landscape. This initiative – namely the Joint Energy Transition Partnership (JETP) for Kazakhstan –…
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