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EU - Latest news GMK Center

Photo – Industrial production in the Eurozone in December 2022 fell by 1.7% y/y
Industrial production in the Eurozone in December 2022 fell by 1.7% y/y

Compared to November 2022, industrial production in the Eurozone decreased by 1.1%, in the EU – by 0.4%

Photo – The EU reduced the demand for electricity by 5.4% in December-January
The EU reduced the demand for electricity by 5.4% in December-January

Demand in France decreased by 2.9% compared to the same period of 2017-2022

Photo – The European Commission has improved the forecast of economic growth in the EU for 2023
The European Commission has improved the forecast of economic growth in the EU for 2023

The economy of the European Union is expected to grow by 0.8% in 2023

Photo – EU countries urge not to hurry with changes in the electricity market
EU countries urge not to hurry with changes in the electricity market

Reforms should be supported by a thorough impact assessment

Photo – Ukraine can replace the production of iron and steel of the Russian Federation in Europe for $74 million every month
Ukraine can replace the production of iron and steel of the Russian Federation in Europe for $74 million every month

Unblocking of ports, sufficient energy supplies, increasing the capacity of railways will allow our plants and minings to increase exports

Photo – The EU agreed on temporary targeted support for the green industry
The EU agreed on temporary targeted support for the green industry

The most controversial issue at the moment is the approach to financing

Photo – Electricity prices in Europe fell significantly in January 2023
Electricity prices in Europe fell significantly in January 2023

Governments and companies are still forced to act in the face of energy price volatility

Photo – Liberalization of trade with the EU will significantly support Ukrainian business
Liberalization of trade with the EU will significantly support Ukrainian business

Ukraine plans to sign the ACAA Agreement by the end of 2023

Photo – European CBAM will accelerate decarbonization in China
European CBAM will accelerate decarbonization in China

China's national ETS currently only covers the energy sector

Photo – The European Commission assessed the results of Ukraine’s approach to the customs union
The European Commission assessed the results of Ukraine’s approach to the customs union

The country fulfilled about 80% of its customs obligations under the Association Agreement with the EU

Photo – US steel producers do not express concern about CBAM
US steel producers do not express concern about CBAM

At the same time, analysts believe that decarbonization efforts should be global

Photo – Open trade between Ukraine and the EU will help save the economy
Open trade between Ukraine and the EU will help save the economy

In 2022, the share of the EU in the foreign trade turnover of Ukraine amounted to 55.5%

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