Looser regulations in Germany could lure away 20%-25% of Ukrainian workers in Poland in the next four years, according to the central bank’s Obserwator Finansowy news portal. An adviser at the bank’s Economic Analysis Department said the immigrants added as much as 0.9% percentage point to gross domestic product in 2013-2017. Source: UNIAN
Britain’s energy industry could be headed for a significant shake-up, industry insiders have warned, as countries all over Europe grapple with an unprecedented crisis in the power sector. Wholesale gas prices have spiked across the region, with the U.K. being hit particularly hard. Source CNBC
The “punishing” price of wholesale electricity is making it uneconomical to make steel at certain times, an industry body has said.
Director General of UK Steel Gareth Stace said wholesale prices had quadrupled to upwards of £1,000/MWh. Source BBC
A delegation of French senators will visit Taiwan in early October, even though the announcement of such a trip drew the ire of Beijing earlier this year, the online French media outlet La Lettre A reported Monday. Source Focus Taiwan
