a very private funeral for family members only, and some close friend. this is then when play will find his final resting place. and the king of football will be buried. nicole raised reporting his reminder of our top story. russia says 63 of its soldiers have been killed in ukraine. it's the rare admission from the kremlin of military casualties in the war. ukraine says it launched the strike on new year's eve. you ain't he w news coming up next. any winter with business. he will speak to the creation finance minister, said with a question of questions about life, the universe and everything. do you know the answer? well, man, give it here. for the,

the answer to almost everything. our documentary series with lever raising and ground breaking on his terms. can we go into the afterlife? are we getting dumber and dumber? how can we feed everyone? questions for the present a future emp heads filled with ideas? so get really for the brain update. 40 to the answer to almost everything starts january 15th on d, w. ah, croatia is making a big change for the new year, adopting the euro. the government believes is a big opportunity for the country will speak to croatia, finance minister to find out why. also coming up turkey notches up, reco exports but more economic trouble. beneath the surface we'll have the analysis

and forget vanilla or strawberry customers in cape town, turning to some rather unique ice cream flavors to cool off this summer. at that time again dw business welcome croatia has kicked off the new year with 2 major moves towards integration into the european union as well as adopting the euro. it's also joined the passport free shannon zone. for the next 2 weeks, croatians will be able to use their old coon, are bank notes alongside the euro, then it's a final good bye to the old currency. the moves are expected to provide a big boost to their country's tourism industry, which accounts for a 5th of its economic output and was badly hit by the pandemic. our reporters stephen beardsley spoke to the croatian finance minister, mako primrose in zachary minister, primrose. thank you for joining us. today. marks the 1st full day that businesses are open fully. they're using the euro now they should be giving back change in

euro, or you've overseen this implementation. how do you expect the introduction of the euro to really have an effect on crashes economy? thank you very much for the whole for inviting me. well, the benefits will be multiple. uh, 1st of all, i would stress the importance of eliminating the currency risk of primarily from the public debt portfolio since more than 70 percent of our republic that was euro denominated. so with the reduction or elimination of this currency risk. ah, we will be also more attractive and we have also witnessed the benefits in terms of the credit ratings. whichever significantly increased. so the 3 relevant rating agencies, moody's thunder, and poors, and preach ratings have already in july increased the crating of cray show, which is now historically high. also with the accession to the european stability mechanism. we expect though,

we're boring costs to decrease. not only for the government but also for other sectors, for the households and for entrepreneurs. and so we expect to really multiple benefits for him from your introduction, all st from. so for transactions, the transition in costs will be reduced. seen some there estimated at around 1200000000 kona and so in crecia currently. and the costs related to the conversion of occurrences and which are the significantly high will be a completely eliminated with the introduction of europe. we also expect the benefits in terms of being more attractive, not only for a jury since we are a well known to his destination, but also for businesses. we expect the also benefits in terms of attracting before in investments and the other benefits when it comes to the more integrated and connected and approached words. the countries that we mostly do

business with about also to the most developed countries of the resume. at the same time, krisha is a very small economy compared to some of the other big economies in the euro zone. should there be any concerns about what that means for an economy that no longer has total control over its own currency? while not really whipping that the benefits will be a multiple not only for crecia, but we think that the introducing the euro annexation to the euro's on of country. as gratian is really a benefit for the euro's on as well. and since when it comes to our public finances are our public that to g d p ratio a has been constantly decreasing and also our budget deficit is within the master criteria limits. so we're also adjoining the euro's own will not only may crecia, but eurozone general stronger. and that will be hard when assy briefly will be hard for creations to give up. that old currency has so much symbolic value of course of

the currency of independence. what do you think? i don't think there will be some challenges in disregard them. of course, the question of national identity is important, especially for certain segments of the population. however, a wither and creation side of the euro, or europe, european union coins. so the euro coins come with gratian national side. we will also be able to promote our symbols. and we are actually happy that the euro coins with gratian national side with will certainly um, well, join the european union's a financial system. and i would say, a financial circulation of bureaus own. so we see benefits in this regard. we think it will also promote creation will use and gratian identity, recreation, finance minister, marco premera,

thank you very much for your time. thank you very much. and that was stephen beardsley reporting there. now to some other global business stories making news, the international monetary fund is expecting a 3rd of the world to enter recession this year. the downward trend is primarily being driven by a slow down in 3 major economies. china, the us, china, and europe. dubai has suspended its 30 percent tax on alcohol sales free year. it also cut the price traders must pay to sell alcohol. the city has cut back on regulation lately, with the aim of boosting, tourism and attracting more foreign workers to the region. and thirties trade deficit reached a 110000000000 dollars last year, the highest and nearly 3 decades, according to data released by the ministry of trade on monday. or tuesdays exports rose by almost 13 percent to a record high imports increased by a whopping 34 percent and our reporter akram energy has more

on this aircraft. so course ada one's going to want to emphasize or record exports . but there's a massive trade deficit that importing more than it's exporting. so what's the main reason for this massive trade deficit? well, 1st for turkey has never been a country that him that exported more than it's important since 1946. but it's such a high deficit has never been seen since almost 3 decades since 1996. and maybe this is not the main reason, but this is for the most part due to the unconventional monetary policy ado on government has been following since a year and a half. and which is basically lowering the wider of turkish lira and letting foreign currency continue competitive. and this reflects on such a high trade deficit. because as i said earlier, the tokyo is always importing more than it exports. and weak mirror is not happening at all. okay,

and these figures appeared to show as well that russian turkish economic ties have strength. and despite the war that's going on in ukraine, why is that? this is extra precisely because of the war that's going on in ukraine. as you know, turkey has never taken part in the sanction regime, which is imposed by european union and united states on russia. so we see, especially in the december and last month, the trade william between russia and turkey as increased significantly, turkeys, exports to russia, increased 122 percent and import imports from russia also increase 56 percent. and this is primarily due to turkey's some sort of unbiased role and intermediate position between the west and russia. so since russia is sanctions almost everywhere in the west, it turns to turkey for purchases and $0.04. ok. and of course, big elections coming up this year. and we don't know exactly when yet. but what

does this development in the tax economy? what? what is the situation that you're going to mean the elections? surely something big? what? short answer. somebody has got to pay. yeah, but this is going to be off to be election because what you see now in turkey are due on the, on government is ramping up to public spending, reducing to retirement, age, and laws are getting cheaper and cheaper. as you know, the interest rates are going lower and lower and we are months away from the election. so there's a time to spend money for, for any government in turkey actually. and this will most likely end up in a huge recession higher than ha, should've expected already. so and who will pay this price, of course, turkish people and turkish working classes and. and there will be no way back from this because combined with 84 percent inflation, this really doesn't look good. ok,

so it's going to be a difficult election for other one by the sounds of it due to the economy. a committee thank you very much for joining me here in the studio. now something completely different. what's your favorite flavor of ice cream? what about cost, cost flavor or even fish? that's right. well, an ice cream shop in cape town is treating its customers to some rather unique flavors this summer. but behind some of the older flavors is a serious point about connecting africans to food from their own continent. when tap you are goose. i 1st started making ice cream 12 years ago. he never imagined he'd be working with ingredients like robo said, pumpkin puree, but his promise is a taste of africa in every scoop. and that means using ingredients and flavors that are indigenous to the continent. at some point it became an aspirational thing to say, i don't eat african foods, i needs italian food and eat blah, blah, blah. you know, at some point i realized actually wanted to correct this narrative,

that's thing from africa. second rate, or the not as important as valuable, or they're not as delicious or accessible. so i started to try to address that problem more thing in the world where we have africans on value ourselves, and consequently we don't get 3 and your own foods as much as wishing me. his little creamery is located in cape town and is called toppy toppy. which in ban too means yum, yum people often bring him ingredients from other parts of the continent allowing him to make ice cream with amaran's seed. biscuits and coconut or a bough bout with ginger. customers are always surprised to some or touched many se there struck by the familiarity of the flavors are growing up with new that ice cream can be vanilla. something that is, is not from yeah. now if you eat something like sam or something that you know, a grub eating at same time it's it's, it's, it just mixed. connect it connect to with your child to tap you are gazelle says

he's concocted over 800 ice cream flavor. so far, no flavor is ever repeated, he says, and he believes there are many yet to be discovered, not just for africans, but for tourists looking for a taste of the continent. and before we go, a quick reminder, our top business story croatia has become the 20th country to join. the europe move is being seen as a major milestone in the countries integration into the european union and job to date with dw business. if you want more, check out our website, d, w dot com slash business. thank you very much. to watch with 3 to one. their job making austria floats safe. their task controlled explosions. that triggers knows life

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