ROME — The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, its economy minister said on Saturday.ted as a country for several years of a favorable situation, with interest rates close to or below zero, and this is now changing,” Economy Minister Giancarlo Giorgetti said speaking at an event in Rome.
As sky-high energy prices batter the economy, Italy earmarked around €21 billion in its 2023 budget, which is currently making its way through parliament, to help firms and families cope with electricity and gas bills in the first quarter of next year. He said this mechanism could enter into force next spring with the aim of encouraging energy savings.
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joma Sison on terror tag, America, and karaokeJoma Sison is convinced communism is not dead but that it would be foolhardy for him to set a timetable for victory. More in this republished Newsbreak magazine piece from 2002: RIP in piss po
Source: rapplerdotcom - 🏆 4. / 86 Read more »
PHL given 3 months to comply with EU standards on seafarers - BusinessWorld OnlineTHE PHILIPPINE Maritime Industry Authority (Marina) on Sunday gave assurance that it is working to improve the country’s standards on seafarer training and certification as President Ferdinand R. Marcos, Jr. announced on Saturday that the country had been given three months to comply with European Union (EU) standards. “Marina is doing its best and exploring […] Ngayon lang kayo gagalaw? Tengenenemen
Source: bworldph - 🏆 9. / 68 Read more »
Marcos extends reduced tariffs rates for select agri products until December 2023President Ferdinand “Bongbong” Marcos Jr. has issued an executive order extending the reduced tariff rates on agricultural products until the end of 2023, following the endorsement of the National Economic and Development Authority. As long as the imports are not dollar denominated and designed to augment our production shortage, it is fine.
Source: gmanews - 🏆 11. / 68 Read more »
Xavier captures overall Inter-School titleXavier School San Juan bagged its first overall title in the Inter-School tournament following a strong showing in all categories during the final two rounds of the competition held recently at the Mimosa Plus Golf Course in Clarkfield, Pampanga.
Source: manilabulletin - 🏆 25. / 51 Read more »
Philippines extends tariff cuts on imported rice, other food items to fight inflationPresident Ferdinand Marcos Jr. has approved the recommendation of the economic ministry to extend up to the end of next year lower tariff rates on rice and other food items to help combat inflation, his office said. | Reuters Reuters Ministry? Why use such a term? Reuters How about those smugglers and middlemen wanna make an extra (illegal) profit? Better find them as well if we all wanna see fair price for quality rice.
Source: inquirerdotnet - 🏆 3. / 86 Read more »