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German Flixbus, which has a monopoly on international bus transport in Germany, may face serious competition from BlaBlaCar, the French service of searching for automobile travel companions on the Internet. The head of the French company, Nicolas Brusson, announced the appearance of the first BlaBlaCar buses in Germany in the near future. Deutsche Welle announced that the French carrier planned to launch regular buses between 60 German cities and the Benelux countries by the end of this year. The company intends to make travel costs cheaper than those of the German Flixbus, which controls 95% of the market in Germany and in 2015, increased ticket prices by 20%.
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
France is expected to recover in 2022, forecasting that the country’s economy will recuperate from its sharpest post-war recession brought by the novel coronavirus crisis, the central bank said on Tuesday. Europe’s second-largest ...
Germany’s Economy Minister Peter Altmaier announced on Monday that the government is still negotiating with the European Commission over its rescue deal for German airline Lufthansa (LHAG.DE). He added that Berlin expects Brussels to ...
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