[Ticker] EU cuts eurozone growth forecasts

The European Commission cut its 2022 forecast for eurozone growth largely due to Russia’s war in Ukraine. It now predicts growth of 2.6 percent this year for the 19-country currency area. This is slightly less than the 2.7 percent it had forecast in May. Inflation is also revising upwards and is projected to peak at […]

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Due to a total capture of the country’s institutions and economy by corrupted ethno-nationalist elites, Bosnia & Herzegovina did not advance on key reform areas such as democratisation and improvement of the rule of law — arguably even backsliding.

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[Ticker] Cyprus files criminal charges on passport sales

Cyprus has charged four unnamed individuals with corruption offences linked to a passport-for-sale scheme which it abandoned in 2020 after an investigative report into abuse by Al Jazeera. Cyprus sold 6,779 national (and EU) passports between 2007 and 2020, the vast majority of them Russians, and some of them to people with criminal records.

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[Ticker] EU court quashes Italian challenges on medicines agency

The EU court in Luxembourg Thursday ruled against Italian plaintiffs who challenged the bloc’s decision to move the prestigious European Medicines Agency (EMA) from London to Amsterdam (instead of Milan) after Brexit. “The decisions of the representatives of the member states” on the EMA “are political acts without any binding legal effects, with the result […]

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