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Latest Economic News

In Germany, the budget deficit is projected to reach €172 billion by 2029

July, 28 2025

By 2029, Germany is expected to have a budget deficit of up to €172 billion. The reasons are related to the settlement of tax arrears in federal lands and the reduction of the tax burden for businesses. Such deficit parameters, covering the years 2027-2029, significantly exceed the usual framework of the «need for action» applied in the country's fiscal policy.Financial planning is related to the draft budget for 2026, which will be submitted to the Bundestag by the end of November. Previously, ... Read More

Latest Economic News

In Germany, the budget deficit is projected to reach €172 billion by 2029

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The new package of EU sanctions against Russia will come into force on Saturday

Oil market lost 4% in a day

Inflation in Japan unexpectedly slowed to 3.2% in May

Powell advocates raising the base rate twice more in 2023

Experts explained the historical fall of the lira

British indices fall after Bank of England rate hike

The Central Bank of Turkey sharply increased the rate from 8.5% to 15%

Markets are adjusting in anticipation of clearer signals

Bitcoin soared up thanks to the launch of EDX Markets and the BlackRock bid

Brent crude oil has risen in price after a two-day decline

Inflation in the UK in May was higher than forecast

Wall Street experts: AI boom is a bubble

Yuan declines against the dollar after the decision of the People's Bank of China

The Central Bank of Turkey may sharply raise the interest rate

Britain presents new scheme for post-Brexit trade

Coca-Cola HBC acquires Finlandia vodka for $220 million

Economic calendar | June 19 – 23

Natural gas prices in Europe jumped by 30% due to the closure of the field

Japanese yen weakens as Bank of Japan makes no changes to its policy parameters

Wall Street futures rise amid the US Federal Reserve decision

The European Central Bank raised the base rate to 4% per annum

Siemens invests 2 billion euros in production expansion and innovation

Argentina can replace the peso with the dollar

China plans to introduce a large stimulus package for the economy

Oil rose to $75 per barrel

Pakistan first purchased offshore oil from Russia for yuan

Inflation in the US in May slowed to a 2-year minimum

Nasdaq announced the largest deal in its history

Inflation in Germany slowed in May to the lowest since February 2022

JPMorgan: we see Netflix stock growth potential by 17%