In a pivotal moment for the European textile industry, Mario Jorge Machado has been elected President of EURATEX during its recent General Assembly on June 14th. With an illustrious career spanning decades in the textile sector, Machado brings a wealth of expertise and a strategic vision aimed at revitalizing European competitiveness and sustainability.
In May, consumer goods and services in the Netherlands saw a 2.7 percent rise in prices compared to the previous year, reflecting a stable inflation rate consistent with April's figures, according to Statistics Netherlands (CBS). This steady increase aligns closely with the initial estimates published by CBS on May 31.
In the wake of Brexit, the export landscape for British clothing and footwear has undergone a seismic shift, with exports to the European Union experiencing a significant decline. A recent study conducted by Retail Economics and online marketplace Tradebyte has shed light on the multifaceted challenges faced by businesses, ranging from intricate regulations to border red tape, ultimately culminating in a staggering drop in exports.
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