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12 Mar 24
Finance ministers have agreed that cutting deficits in the euro area should remain the priority amid a sluggish global economy, as they set out their priorities for next year’s budgets.
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11 Mar 24
Negotiations and more elections likely after repeat of Spanish polls
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6 Mar 24
Targeting welfare payments to the most vulnerable and providing more funding for schools in deprived areas will reduce poverty and inequality across Hungary, the OECD has said.
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27 Feb 24
Low debt and a resilient economy have contributed to Sweden keeping its AAA credit rating from Moody’s, despite 2024 being tipped to see GDP decline for a second consecutive year.
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23 Feb 24
Ukraine’s strong performance on economic reforms despite the ongoing war has prompted the International Monetary to move towards releasing $880m of concessional support.
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15 Feb 24
The reconstruction and recovery of Ukraine is expected to cost close to $500bn, experts have warned – much higher than an initial estimate made last year.
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2 Feb 24
Finance ministers agreed to the first ever revision of the European Union’s long-term budget to provide €50bn of support to Ukraine.
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30 Jan 24
Billions of euros of research and innovation funding in the 2010s were a “significant driver” of economic growth across Europe, with tangible benefits for future productivity, the European Commission...
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26 Jan 24
Rising inflation has prompted the Turkish central bank to raise interest rates to 45% as the country continues to reverse its controversial loose monetary policy approach.
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25 Jan 24
Pressures from rising pension commitments and higher interest costs could threaten Italy’s public finances if it does not reduce spending or raise taxes, the OECD has warned.
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16 Jan 24
Ratings agency delivers its own ‘Blue Monday’ warning post-Covid recovery facing risks including war.
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9 Jan 24
Six advanced economies have confirmed a three-year suspension of debt servicing costs to Ukraine and urged other creditors to follow suit.
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9 Jan 24
Higher borrowing costs and slower economic growth will likely see the Hungarian government fail to reduce its debt this year under current plans, the nation’s fiscal council has warned.
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12 Dec 23
Daily fines the European Court of Justice has imposed on Poland are incompatible with the nation’s constitution, a Polish body has ruled.
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28 Nov 23
Pandemic costs ruling leads to €45bn in extra spending.
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24 Nov 23
Court ruling forces rethink on official accounts.
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23 Nov 23
The European Commission has agreed to an advance payment of €5bn from Poland’s Covid-19 recovery plan, but future funding depends on rule-of-law reforms.
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20 Nov 23
Economy is strong with forecast GDP growth of 2% a year.
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20 Nov 23
Partnerships with countries not ‘closed shop’ says FCDO.
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17 Nov 23
Germany cannot use €60bn carried over from previous years to fund clean energy and industrial projects, following a ruling by the country’s constitutional court.
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14 Nov 23
The European Union’s executive often takes a kinder view of what it achieves through its budget than the bloc’s spending watchdog, the latter has said.
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10 Nov 23
Substantial progress on judicial and anti-corruption reforms has prompted the European Commission to recommend accession negotiations with Ukraine and Moldova.
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2 Nov 23
Health and wellbeing boosted by employment changes.
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24 Oct 23
Reform could push Romania’s national income up by nearly three times in 30 years, and it can do so while the government continues to meet its climate targets, the World Bank has insisted.
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18 Oct 23
The European Union has affirmed its ambition to increase climate finance for developing nations ahead of the United Nations’ annual summit.