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6 Apr 22
The European Commission has begun the formal process of keeping money from Hungary over “corruption” issues, announcing the move two days after the reelection of prime minister Viktor Orban.
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6 Apr 22
Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
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4 Apr 22
The UK government reduced its aid spending so quickly that officials do not know the effect the cuts will have on long-term value for money of aid projects, according to spending watchdog the...
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1 Apr 22
Economic sanctions on Russia following its invasion of Ukraine could wipe 10% off the nation's GDP this year, according to a multilateral development bank.
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25 Mar 22
The German government has allocated close to €17bn to help mitigate pressures from soaring energy prices, including cuts to fuel duty.
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25 Mar 22
G7 leaders have announced a crackdown on the Russian central bank’s ability to sell its gold reserves to prop up the rouble, as they draw up fresh efforts to stop Vladimir Putin’s government getting...
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22 Mar 22
The European Union is considering setting up a fund to “provide basic services and meet citizens’ immediate needs” in the face of the ongoing invasion by Russian troops, a top official has said.
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17 Mar 22
The European Council has agreed an approach for partner countries to apply carbon tariffs on good entering the bloc to help fight climate change.
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16 Mar 22
Hidden risks threaten public sector balance sheets because of policies introduced in response to the pandemic and its economic impact, a World Bank report has warned.
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16 Mar 22
The Ukrainian government has unveiled a set of radical reforms, including a simplification of the tax system, to put its economy on a war footing.
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15 Mar 22
Ukraine’s GDP could contract by as much as 35% this year, following last month’s Russian invasion, according to the International Monetary Fund.
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15 Mar 22
Pressure is growing on central banks to bear down on global inflation – but could raising borrowing rates create more problems than it solves?
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14 Mar 22
A multilateral development bank in the 1960s by communist countries has seen its credit rating slashed to junk status, after five European Union nations announced plans to withdraw their...
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11 Mar 22
Russia is at “imminent” risk of defaulting on its debt due to sanctions and emergency policy decisions imposed following its invasion of Ukraine, analysts have said.
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11 Mar 22
The European Union has vowed to end its reliance on Russian fossil fuels in response to the ongoing invasion of Ukraine and is planning new measures to help governments support their economies amid...
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10 Mar 22
The International Monetary Fund Executive Board has approved a $1.4bn payment to Ukraine in an attempt to ease the economic impact of war with Russia, as other governments continue to arrange their...
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9 Mar 22
The Polish government has approved a fund worth at least £1.3bn to help Ukrainian refugees, and to provide additional support to local authorities.
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8 Mar 22
A new World Bank fund will bolster Ukraine’s finances amid the ongoing invasion by Russia, which is continuing into nearly its third week.
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8 Mar 22
Belarus is likely to default on its debt in the coming year as a result of sanctions imposed in response to its role in helping Russia’s invasion of Ukraine, S&P Global said after it downgraded...
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4 Mar 22
Russia’s ongoing invasion of Ukraine continues to have stark economic and financial consequences that are being felt around the world.
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3 Mar 22
Better than expected tax revenues led to the Eurozone deficit undershooting forecasts in 2021, according to ratings agency Fitch.
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2 Mar 22
A Court of Justice Decision to allow the European Union to withhold money from countries that fail to meet democratic standards has been named as a threat to Hungary and Poland.
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1 Mar 22
Russia’s continuing invasion of Ukraine has led to yet more sanctions and financial assistance for the embattled Kiev authorities, with huge economic impacts predicted.
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25 Feb 22
The Bank of Russia has taken emergency measures in the face of tumbling Russian currency and asset values, which fell after president Vladimir Putin announced troops were invading Ukraine and Western...
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24 Feb 22
The Polish Government’s policy of reduced public spending and high tax collection built strong buffers to deal with the Covid-19 pandemic, according to leading economists.