New tariffs on electric car imports from China hit BMW and Dacia with 21% duties

German car industry association VDA and government ministers criticized the EU's tentative tariffs on Chinese-made electric cars announced yesterday (June 12), which will also affect European companies that manufacture in China, such as BMW and Dacia. The European Commission has announced preliminary duties on imported Chinese electric cars, known as “countervailing duties”, which will be in…

Corporations are lagging behind in the transition to electric cars

Companies in Europe that are ideally positioned to switch to electric vehicles are lagging private consumers for the third consecutive year, according to a new report by the non-governmental organization Transport & Environment (T&E). The analysis comes out at a time when the Commission is launching a public consultation on the greening of corporate fleets. According to the report, six out of ten new…

A Spanish beach is disappearing by up to 5 meters every year as a result of climate change

Construction and climate change are eating away at a stretch of Spain's coastline at an alarming rate. Between 2016 and 2022, the Arraijanal-San Julián coast between Torremolinos and Málaga receded by up to 45 meters, writes euronews.com. The Spanish government has been saying for decades that the country's coastline is suffering from a "process of coastal regression". But the scale of the problem…

Bulgarian companies lag behind in investments in green economy, digitization and innovation

There is a great need for large-scale structural changes, because Bulgarian companies are significantly behind their European competitors in investments in green economy, digitization and innovation. This is one of the leading conclusions for Bulgaria in the latest investment survey of the European Investment Bank (EIB) among businesses in 28 countries. The data was provided by EIB Senior Economist Atanas…