Eurocommerce CEO sentenced: forgery and bankruptcy fraud

Eurocommerce CEO sentenced: forgery and bankruptcy fraud

Ger Visser, former CEO of real estate company Eurocommerce, must serve a prison sentence of four years and three months for forgery in writing and bankruptcy fraud. His wife and son were also sentenced to eighteen months in prison in both cases. Ger Visser must serve a prison sentence of four years and three months for forgery in writing and bankruptcy fraud. The Arnhem-Leeuwarden Court of Appeal ruled on Friday that there is sufficient evidence that Visser forged rental agreements in order to obtain financing. Visser also allegedly smuggled money…

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Consumer prices are still elevated, but at least for now the growth takes a break

Consumer prices are still elevated, but at least for now the growth takes a break

Inflation in Belgium fell slightly in November, but prices are still 10.6 percent higher than a year earlier. This is partly due to the much higher energy prices, but the war in Ukraine also has an impact on prices of oils and grain products. Inflation was still 12.3 percent in October, according to the Belgian statistics agency Statbel. The fact that inflation is falling is due to slightly lower prices for fuels, gas and electricity. Inflation excluding energy costs rose to 7.8 per cent. In October, it was 6.97 percent….

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A million-dollar order at FN Herstal at risk after blocked export of nuclear material

A million-dollar order at FN Herstal at risk after blocked export of nuclear material

Opposition parties N-VA and Les Engagés fear an impact on jobs in Wallonia because the United Kingdom would have suspended a million-dollar order at Arms Factory FN Herstal. That decision would come after the greens within the government blocked an export license of nuclear maintenance material. According to Walloon Economy minister Willy Borsus (MR), however, that contract is still being negotiated. At the end of last week, the French-language news channel LN24 leaked that the government did not agree on the export of material produced in Flanders to the United…

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Colruyt Group fully committed to zero-emission transport by 2035

Colruyt Group fully committed to zero-emission transport by 2035

In order to further reduce its climate impact, Colruyt Group aims to make all its freight transport emissions-free by 2035. Both for its own transports to and from the stores and to the distribution centers via suppliers, the Belgian retailer wants to fully rely on zero emission vehicles. The company will achieve this through the use of complementary technologies: both battery-electric vehicles and hydrogen-electric vehicles will be needed to realize this transition. Thanks to the internal expertise of Virya Energy and DATS 24, and the many years of experience in…

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Americans cut off the European imports with Inflation Reduction Act

Americans cut off the European imports with Inflation Reduction Act

Europe and the United States are heading for a trade conflict. For example, the EU is concerned about the new US ‘Inflation Reduction Act’, a law that greatly benefits companies in the United States. President Joe Biden put his scribble under the law in August, since then “Buy American” has been the watchword. For example, under the Inflation Reduction Act (IRA), Americans will receive a subsidy of up to $ 7,500 from January 1, 2023, when they buy an electric car made in the USA that is equipped with a…

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With recession at the gates let’s try to invent why it’s actually good for us

With recession at the gates let’s try to invent why it’s actually good for us

A recession seems inevitable for the European economy, after the contraction in the third quarter. But that’s not necessarily bad news. Economists from the big banks point out that it would actually be good if more companies went bankrupt again and the large call for personnel on the labor market subsided slightly. According to the Central Bureau of Statistics (CBS), the economy shrank by 0.2 percent in the third quarter. “If there is such a small contraction again in the fourth quarter, we are technically already dealing with a recession,”…

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Sligro made an undisclosed offer to Makro Cash&Carry

Sligro made an undisclosed offer to Makro Cash&Carry

Sligro Food Group has made an offer for Metro stores in Belgium. This was reported by the company from Veghel on Tuesday afternoon. “In relation to the judicial reorganisation of Makro Cash & Carry Belgium NV/SA, we announced on 10 October last year that we see opportunities where Metro activities are concerned. At the time, we registered with the court as an interested party,” said Sligro, who investigated “whether and if so in what way and under what conditions we can combine Metro activities with those of Sligro Food Group.”…

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ECB governors see rising risk of rate hitting 2% to curb inflation

ECB governors see rising risk of rate hitting 2% to curb inflation

Sources have said that the European Central Bank is assessing whether they need to raise their key rate to 2% or higher to stem record-high inflation in Europe’s eurozone despite a possible recession. Inflation has risen to 9.1% in October, which is above the ECB’s 2% target for the next two years. The central bank has been increasing its interest rates at an unprecedented pace and urging governments and other government agencies to lower energy bills that have soared since Russia invaded Ukraine. The ECB increased its deposit rate to…

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European Central Bank should ensure that a digital euro benefits

European Central Bank should ensure that a digital euro benefits

In this own-initiative opinion approved during its October plenary, the European Economic and Social Committee (EESC) supports the European Central Bank (ECB) in its assessment of the risks and benefits of introducing a digital euro. The EESC believes the adoption of a digital euro will benefit everyone in the euro area by making payment transactions quicker and more efficient, but financial and digital inclusiveness will be crucial for its potential roll-out. The EESC will continue to follow the work of the ECB as it considers the design of a possible…

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Dutch people are struggling with regular payments, high prices, stagnating income

Dutch people are struggling with regular payments, high prices, stagnating income

Making payment arrangements or borrowing from family: people take advantage of everything to make ends meet. No less than 42 percent of the Dutch had one or more payment problems in the past year, according to research by budget adviser Nibud. “The Dutch are burdened by high fixed costs and rising expenses,” says Nibud director Arjan Vliegenthart. Three payment problems played the most in the past year, according to the Getting By and payment problems report that the Nibud presents on Saturday. It is then about no longer being able…

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