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Passenger flow is still well below the pre-COVID era

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More than ten million people travelled to and from the most important airports of Netherlands in the first quarter. This means that the number of travelers is still below the level before the corona crisis. In the first three months of 2019, more than seventeen million people travelled via the airports Schiphol, Rotterdam The Hague Airport, Eindhoven Airport, Maastricht Aachen Airport and...

EU sanctions against Russia are fragmented, contain a lot of exceptions

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The EU countries are expected to continue negotiations on a sixth package of sanctions for Russia on Friday. They have sent the European Commission back to the draft table to amend a number of proposals. According to EU sources, many countries criticize, and not only the proposed total boycott of crude oil within six months and of refined oil before the end of the year. The Commission has offered...

Moroccan food exports to UK rise nearly 40% after Brexit

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Moroccan food exports to the UK have increased by roughly 40% since January 2021, of which more than 80% are tomatoes and citrus. Chris Woodward, British consul general and director of the Department for International Trade in Morocco, stated that the United Kingdom currently imports 25% of its tomato needs from Morocco. According to Woodward, fruit and vegetables topped Moroccan exports to the...

632 million euro affiliated with Russian entities are frozen and arrested

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The Netherlands has so far frozen more than 632 million euros in Russian assets and held back more than 274 million euros in Russian transactions. This is what Minister Wopke Hoekstra of Foreign Affairs writes in a letter to the House of Representatives. About two weeks ago, the counter stood at 516 million euros in frozen funds and 155 million in blocked transactions. At the end of March...

DNB and Belgium froze billions in Russian assets

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The Netherlands has now frozen more than 200 million euros in Russian money, president Klaas Knot of De Nederlandsche Bank (DNB) told Nieuwsuur on Thursday. According to him, the amount will increase a little further. It involves money from individuals and companies to whom sanctions were imposed after the Russian invasion of Ukraine. Last week, the counter was still at 6 million euros, but that...

Durable goods order rise faster than expected

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New orders for durable goods in the US rose faster than expected in January. This was revealed Friday by figures from the US government.
Orders were up 1.6%. An increase of 0.8 percent was expected in advance.
In December, orders rose by a revised 1.2 percent.
Without means of transport, including cars, orders increased by 0.7 percent. Excluding defense orders, orders increased by 1.6 percent.

Pyramid construction starts in Paris, causing frustration and protests

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In the south-west of Paris, work has begun on the construction of a skyscraper that will look like a triangular pyramid. The construction of the Tour Triangle met with a lot of resistance in Parisian politics. Interest groups and local residents also objected to it. Despite the protests, construction started on Thursday. The building, which has been talked about since 2008, is expected to be...

Rejected seed potato harmful for Scottish exporters

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A valuable cargo of first-class Scottish seed potatoes has reportedly been refused in Egypt. As a result, the traders face a loss of an estimated 1.5 million. Sources report that 1,500 tons of Hermes seed potatoes from five or six suppliers are currently trapped in Alexandria, after the cargo was refused by Egyptian authorities for failing to meet the December export date by one day. According to...

South African rand dives amid rumors about the new mutation

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The Rand rate, the South African currency, went down sharply against leading currencies such as the dollar on Friday. The new coronavirus variant, which has been discovered in the country and differs in many ways from the current prevalent Delta variant, led to nervousness among traders. The rand-dollar exchange rate dropped to the lowest level of the year. The value of the coin has been under...

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