Tariff "wave" arrives in 2026 - European businesses prepare for greater consequences from US tariffs
European businesses will suffer much greater consequences in 2026 from US tariffs compared to this year, when several precautionary measures reduced the consequences, according to a BusinessEurope survey.
The survey found that trade tensions are expected to reduce Gross Domestic Product (GDP) for the EU and a wider group of European countries by 0.03 percentage points. For 2026, the negative impact is expected to be 0.5 to 0.6 percentage points, with the euro area facing the greatest consequences.
The survey was based on responses from 36 national business federations in the European Union and countries outside the EU, such as Britain, Switzerland, Turkey and Ukraine.
BusinessEurope stressed that the data is consistent with the European Central Bank's position, according to which the impact of tariffs and uncertainty on eurozone growth is expected to be around 0.7 percentage points between 2025 and 2027.
The figure was less than previously expected, with political uncertainty receding quickly following the EU-US deal in late July, according to the Central Bank.
However, BusinessEurope reported that companies still express concerns about the lack of predictability and that the delayed economic impact and uncertainty over future US tariffs pose medium-term challenges to growth.
Purchase of electric trains for Tirana-Durrës - 350 million lek allocated in the 2026 budget, total cost 1 billion lek
The purchase of trains for the operation of the Tirana - Durrës - Rinas railway seems to be covered by budgetary funds, as 350 million lek has been allocated......
Drafting of the Fiscal Package is completed - It will soon be presented to the Parliamentary Committee for discussion
The full drafting of the Fiscal Package has been completed, and is expected to be presented soon for discussion in the Parliamentary Committee on Economy,......
"Pension reform, the pillar of the 2026 budget" - Malaj: Their gradual increase. Financial effect, 10.4 billion lekë
"Pension reform is the pillar of the 2026 budget." This was stated by Minister of Finance Petrit Malaj, during the presentation of this document to the......
US, towards reopening the government - Parties reach compromise on new legislation
The United States Senate took the first step toward ending the longest government shutdown in history, after a group of moderate Democrats agreed to continue......
Socialists convincingly win 5 municipalities - Deep difference with independent candidates
Vlora, Berat, Cerrik, Mati and Tepelena already have new mayors elected. The race was convincingly won by the Socialists, leaving behind by a large margin......
Local elections in Kosovo - LVV and LDK win a total of 7 municipalities each
The final battle for local government in Kosovo concluded on Sunday with runoffs held in 18 municipalities. Over 32.5 percent of citizens exercised their......
How has this week started for the major currencies?
The US dollar appears to have lost points over the weekend, registering a decline compared to the previous week, as it was bought today for 83 lek and sold......
Draft budget, Serbia plans 3% deficit - Total revenues planned to reach 20.6 billion euros
The Serbian government approved the draft budget for 2026 with a fiscal deficit that matches the projected 3% of Gross Domestic Product (GDP). Total budget......
