Russia recorded in 2024 a budget deficit exceeding three trillion rubles for the third consecutive year, soaring to 3.49 trillion rubles ($34.39 billion), according to the country's finance ministry.

Canadian Prime Minister Justin Trudeau said his country would respond if President Donald Trump pressed ahead with his threat to impose tariffs on the US’s northern neighbour. “Canada provides many of ...

EU finance ministers approved Romania's deficit-cutting plan on Tuesday to bring its fiscal deficit below 3% of national ...

The Council adopted recommendations for seven countries to correct their excessive deficit situation within a set time period: Belgium, France, Italy, Malta, Poland, Slovakia and Romania.

The European Union wants to bolster defence in face of Russia's aggression on Ukraine and growing US demands for greater ...

The return of Trump will once again put European defense spending levels at the center of the United States’ approach to NATO ...

In 2023, Hungary’s GDP per capita reached 77% of the EU average, ranking 22nd, as the country shows both progress and ...

Europe's economy has a competitiveness and innovation problem, and this is how to fix it, according to EY's Europe and Africa ...

The Czech Republic, also known as Czechia, has built its post-Cold War economy in the same way Germany did post-reunification: with a focus on industry. Manufacturing as a share of GDP has hovered ...

The new president’s flagship promises are about to start having real-world consequences for the global economy ...

The German economy has shrunk for two years in a row, will stagnate in 2025, and hardly grow thereafter. Faced with ...

China's economy grew 5% in 2024, driven by exports and high-tech investment, but faces weak demand and some demographic ...