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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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Germany intends to completely abandon Russian coal in four months

Gold is getting cheaper amid a possible Fed rate hike

Oil prices rise after the collapse the day before

The US Federal Reserve may raise the discount rate by 0.5% in May

US stock indexes decline before the publication of the Fed minutes

U.S. oil reserves unexpectedly increased

Global debt is to reach record high in 2022

PMI in the services sector of China fell to the lowest since the beginning of the pandemic

The index of business activity in the eurozone declined in March

Oil rises in price in anticipation of new sanctions against Russia

JPMorgan could lose about one billion dollars

Twitter stock rockets after Elon Musk’s investitions

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Experts: further crypto rally is limited

Inflation in the eurozone in March set a record – 7.5%

Does Nord Stream-2 have a future?

Oil declined sharply after a significant increase

Inflation in Germany reached record 7,3%

India is considering the possibility of using the Russian equivalent of SWIFT in calculations

Poland intends to abandon Russian oil, gas and coal by the end of the year

Following the G7, the EU refused to pay for gas in rubles

The European Union has admitted that US LNG supplies will not completely replace Russian gas

Saudi Arabia may contribute to a record rise in oil prices

Oil accelerated decline amid new Covid outbreak in China

Europe sets 2027 deadline to end reliance on Russian oil and gas

Recession of the world economy is inevitable without energy exports from Russia

Economic Calendar | March 28 – April 1

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