economy News — GMK Center https://gmk.center/en/tag/economy/ This is an informational-analytical, discussion platform Thu, 11 Jun 2026 14:11:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png economy News — GMK Center https://gmk.center/en/tag/economy/ 32 32 <![CDATA[The ECB has raised interest rates for the first time since 2023]]> https://gmk.center/en/news/the-ecb-has-raised-interest-rates-for-the-first-time-since-2023/ Thu, 11 Jun 2026 14:11:42 +0000 https://gmk.center/?post_type=news&p=124806 The European Central Bank (ECB) has raised its key policy rate for the first time in almost three years. This is stated in a press release on the regulator’s website. The deposit rate has risen by 25 basis points and will stand at 2.25% from 17 June. This is the first increase since September 2023. […]

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]]> <![CDATA[Inflation in the eurozone accelerated to 3.2% in May]]> https://gmk.center/en/news/inflation-in-the-eurozone-accelerated-to-3-2-in-may/ Tue, 02 Jun 2026 12:24:47 +0000 https://gmk.center/?post_type=news&p=124373 Annual inflation in the eurozone rose to 3.2% in May 2026, up from 3% in April, according to a preliminary estimate by Eurostat. The energy sector posted the highest rate of price growth last month (10.9% compared to 10.8% in April), followed by the services sector (3.5% compared to 3% a month earlier), food, alcohol, […]

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]]> <![CDATA[Germany is expected to face economic stagnation in Q2 – Bundesbank]]> https://gmk.center/en/news/germany-is-expected-to-face-economic-stagnation-in-q2-bundesbank/ Fri, 22 May 2026 12:45:37 +0000 https://gmk.center/?post_type=news&p=123979 In the second quarter, the German economy will remain stagnant due to the consequences of the war in the Middle East. This is the forecast provided by the Bundesbank in its monthly report. According to the report, higher inflation and the associated loss of purchasing power are affecting private consumption and, consequently, service providers. High […]

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]]> <![CDATA[Eurozone GDP rose by 0.8% y/y in Q1]]> https://gmk.center/en/news/eurozone-gdp-rose-by-0-8-y-y-in-q1/ Fri, 01 May 2026 13:20:05 +0000 https://gmk.center/?post_type=news&p=123218 In the first quarter of 2026, seasonally adjusted GDP rose by 0.1% in both the eurozone and the EU compared with the previous quarter. This is according to a preliminary flash estimate from Eurostat. Compared to the same period last year, seasonally adjusted GDP in the eurozone rose by 0.8% in January–March, and by 1% […]

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]]> <![CDATA[The ECB left its key interest rates unchanged]]> https://gmk.center/en/news/the-ecb-left-its-key-interest-rates-unchanged/ Fri, 01 May 2026 07:55:02 +0000 https://gmk.center/?post_type=news&p=123186 Following its meeting on April 30, the European Central Bank (ECB) left its three key interest rates unchanged. This was announced in a statement by the regulator. The deposit facility rate remains at 2.0%, the main refinancing operations rate at 2.15%, and the marginal lending rate at 2.40%. The ECB emphasized that incoming data largely […]

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]]> <![CDATA[German investor sentiment fell sharply in April – ZEW]]> https://gmk.center/en/news/german-investor-sentiment-fell-sharply-in-april-zew/ Wed, 22 Apr 2026 08:29:53 +0000 https://gmk.center/?post_type=news&p=122820 German investor sentiment fell to its lowest level in more than three years in April, according to a survey by the ZEW Center for Economic Research. The economic sentiment indicator fell to minus 17.2 points this month, the lowest reading since December 2022 (minus 23.3) and significantly worse than the minus 0.5 points recorded in […]

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]]> <![CDATA[The Italian government expects GDP to grow by 0.5% in 2026]]> https://gmk.center/en/news/the-italian-government-expects-gdp-to-grow-by-0-5-in-2026/ Mon, 30 Mar 2026 07:22:34 +0000 https://gmk.center/?post_type=news&p=122030 The Italian government expects the country’s economy to grow by 0.5% or 0.6% in 2026 and by 0.7% in 2027, assuming no policy changes. Reuters reported this, citing sources. Both forecasts are slightly lower than the GDP growth targets set last September, which were 0.7% and 0.8%, respectively. The projections may still be revised before […]

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]]> <![CDATA[Business sentiment among German companies deteriorated in March]]> https://gmk.center/en/news/business-sentiment-among-german-companies-deteriorated-in-march/ Thu, 26 Mar 2026 08:25:53 +0000 https://gmk.center/?post_type=news&p=121892 German business sentiment deteriorated sharply in March—the war in Iran has made companies more skeptical about the expected economic recovery in the country. This is according to a report by the Ifo Institute. The Ifo Business Climate Index fell to 86.4 points in March from 88.4 points in February due to more pessimistic expectations. However, […]

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]]> <![CDATA[The ECB has left key interest rates unchanged for the sixth consecutive time]]> https://gmk.center/en/news/the-ecb-has-left-key-interest-rates-unchanged-for-the-sixth-consecutive-time/ Fri, 20 Mar 2026 09:21:15 +0000 https://gmk.center/?post_type=news&p=121654 Following its meeting on March 19, 2026, the European Central Bank (ECB) left its three key interest rates unchanged. The deposit facility rate remains at 2.00%, the main refinancing operations rate at 2.15%, and the marginal lending facility rate at 2.40%, according to a press release. The ECB noted that it remains focused on bringing […]

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]]> <![CDATA[Ukraine’s GDP growth slowed to 1.8% in 2025 — the State Statistics Servic]]> https://gmk.center/en/news/ukraine-s-gdp-growth-slowed-to-1-8-in-2025-the-state-statistics-servic/ Fri, 13 Mar 2026 09:42:49 +0000 https://gmk.center/?post_type=news&p=121343 Ukraine’s real gross domestic product (GDP) growth slowed to 1.8% in 2025 from 3.2% in 2024, according to preliminary data from the State Statistics Service (SSS). According to the calculations of the statistical agency, Ukraine’s nominal GDP last year amounted to UAH 8.93 trillion. It should be noted that, according to the State Statistics Service, […]

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]]> <![CDATA[China has once again declared war on excess industrial capacity]]> https://gmk.center/en/news/china-has-once-again-declared-war-on-excess-industrial-capacity/ Thu, 05 Mar 2026 08:31:32 +0000 https://gmk.center/?post_type=news&p=120952 China will take measures to combat excess capacity in steel, oil refining, and other heavy industries, Reuters reports. According to the annual report of the state planner, the National Development and Reform Commission (NDRC), the process will be carried out in an orderly manner. The NDRC also announced capacity adjustments in the copper smelting, alumina, […]

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]]> <![CDATA[Ukraine will need $588 billion for reconstruction over the next 10 years]]> https://gmk.center/en/news/ukraine-will-need-588-billion-for-reconstruction-over-the-next-10-years/ Tue, 24 Feb 2026 09:08:54 +0000 https://gmk.center/?post_type=news&p=120526 As of the end of 2025, the total cost of reconstruction and recovery in Ukraine is estimated at nearly $588 billion over the next decade. This is according to the updated joint Rapid Damage and Needs Assessment (RDNA5) published by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations. […]

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]]> <![CDATA[The government began funding the «Made in Ukraine» programs in 2026]]> https://gmk.center/en/news/the-government-began-funding-the-made-in-ukraine-programs-in-2026/ Tue, 17 Feb 2026 08:14:49 +0000 https://gmk.center/?post_type=news&p=120179 The government has begun financing key state programs for the development of the real sector of the economy for 2026. This is stated in a report by the Ministry of Economy. The Cabinet of Ministers adopted the relevant decision on the distribution of funds from the special state budget fund for the current year at […]

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]]> <![CDATA[Greenhouse gas emissions in the EU rose by 1.1% q/q in Q3]]> https://gmk.center/en/news/greenhouse-gas-emissions-in-the-eu-rose-by-1-1-q-q-in-q3/ Fri, 13 Feb 2026 12:55:50 +0000 https://gmk.center/?post_type=news&p=120085 In the third quarter of 2025, greenhouse gas emissions in the European Union economy increased by 1.1% quarter-on-quarter to 828 million tonnes of CO2 equivalent. At the same time, EU GDP rose by 0.4% quarter-on-quarter, indicating continued economic recovery despite the growing environmental burden. This is stated in a report by Eurostat. The largest increase […]

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]]> <![CDATA[Italy’s economy will grow by 0.7% in 2026 – forecast]]> https://gmk.center/en/news/italy-s-economy-will-grow-by-0-7-in-2026-forecast/ Thu, 05 Feb 2026 14:21:53 +0000 https://gmk.center/?post_type=news&p=119689 Italy’s economy will grow by 0.7% in 2026 and 2027, accelerating from 0.5% last year. This is according to estimates by the parliamentary budget oversight body UPB. In October last year, the UPB estimated GDP growth of 0.4% and 0.8% for 2026 and 2027, respectively. As noted in the forecast, updated international assumptions point to […]

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]]> <![CDATA[Ukraine’s GDP grew by 3% y/y in Q4 – State Statistics Service]]> https://gmk.center/en/news/ukraine-s-gdp-grew-by-3-y-y-in-q4-state-statistics-service/ Thu, 05 Feb 2026 08:05:53 +0000 https://gmk.center/?post_type=news&p=119648 Ukraine’s real gross domestic product (GDP) grew by 3% year-on-year in the fourth quarter of 2025. This is stated in a report by the State Statistics Service (SSS). Compared to the third quarter of 2025, taking into account seasonal factors, this indicator increased by 0.7%. It should be noted that Ukraine’s real GDP in the […]

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]]> <![CDATA[The UK National Wealth Fund has identified priority sectors for economic support]]> https://gmk.center/en/news/the-uk-national-wealth-fund-has-identified-priority-sectors-for-economic-support/ Sun, 01 Feb 2026 07:07:39 +0000 https://gmk.center/?post_type=news&p=119457 The UK’s National Wealth Fund has announced that carbon capture, hydrogen, energy storage, and steel are among the 10 sectors it will focus on over the next five years to rebuild the country’s economy. This is according to the fund’s new strategic plan, published on January 28. The fund is to allocate £5.8 billion to […]

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]]> <![CDATA[EU GDP grew by 1.6% y/y in 2025]]> https://gmk.center/en/news/eu-gdp-grew-by-1-6-y-y-in-2025/ Fri, 30 Jan 2026 11:08:43 +0000 https://gmk.center/?post_type=news&p=119442 In 2025, the gross domestic product (GDP) of the European Union grew by 1.6% year-on-year, while the eurozone economy added 1.5%. This is evidenced by Eurostat’s preliminary estimate. In the fourth quarter of 2025, GDP increased by 1.4% year-on-year in the EU and by 1.3% year-on-year in the eurozone, indicating a gradual but modest recovery […]

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]]> <![CDATA[The ECB kept key rates unchanged for the fourth consecutive time]]> https://gmk.center/en/news/the-ecb-kept-key-rates-unchanged-for-the-fourth-consecutive-time/ Thu, 18 Dec 2025 14:36:14 +0000 https://gmk.center/?post_type=news&p=117907 On December 18, the European Central Bank (ECB) kept all three key interest rates unchanged for the fourth consecutive time. This is stated in the regulator’s report. The deposit rate remained at 2% per annum, the main refinancing operations rate at 2.15%, and the marginal lending facility rate at 2.4%. The regulator’s updated assessment confirms […]

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]]> <![CDATA[German investor sentiment improved in December – ZEW]]> https://gmk.center/en/news/german-investor-sentiment-improved-in-december-zew/ Wed, 17 Dec 2025 12:03:07 +0000 https://gmk.center/?post_type=news&p=117759 German investor sentiment improved more than expected in December, according to the ZEW Institute for Economic Research. The corresponding index rose to 45.8 points in December, compared to 38.5 in the previous month. At the same time, assessments of the current economic situation deteriorated slightly. The indicator for Germany is minus 81 points, which is […]

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]]> <![CDATA[Germany’s economy showed a strong start to the fourth quarter]]> https://gmk.center/en/news/germany-s-economy-showed-a-strong-start-to-the-fourth-quarter/ Tue, 16 Dec 2025 08:37:19 +0000 https://gmk.center/?post_type=news&p=117662 The German economy had a strong start to the fourth quarter of 2025. This is stated in the monthly report of the country’s Ministry of Economy. As noted, current indicators point to a confident start to the period. The recovery in production growth and a noticeable increase in domestic orders in the industrial sector in […]

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]]> <![CDATA[The US Federal Reserve has cut its key interest rate for the third time this year]]> https://gmk.center/en/news/the-us-federal-reserve-has-cut-its-key-interest-rate-for-the-third-time-this-year/ Thu, 11 Dec 2025 08:01:11 +0000 https://gmk.center/?post_type=news&p=117437 On December 10, the US Federal Reserve System (Fed) lowered the federal funds rate by 25 basis points to 3.5-3.75% per annum. This was announced in a statement by the Federal Open Market Committee (FOMC). This is the third time this year that borrowing costs have been lowered. «Current indicators suggest that economic activity is […]

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]]> <![CDATA[Steel consumption in China: downward trajectory]]> https://gmk.center/en/posts/steel-consumption-in-china-downward-trajectory/ Tue, 25 Nov 2025 07:17:33 +0000 https://gmk.center/?post_type=posts&p=116303 For many years, economic growth in China meant using more and more steel. This is no longer the case. GDP grew by 5.2% in January-September, according to the National Bureau of Statistics of China. At the same time, apparent steel consumption fell by 5.7% to 649 million tons, according to estimates by the China Iron […]

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]]> <![CDATA[Germany’s economy to show moderate growth in Q4 – Bundesbank]]> https://gmk.center/en/news/germany-s-economy-to-show-moderate-growth-in-q4-bundesbank/ Fri, 21 Nov 2025 09:50:52 +0000 https://gmk.center/?post_type=news&p=116392 The German economy is likely to show moderate growth in the fourth quarter of this year. This is stated in the Bundesbank’s monthly report. It notes that although the German economy will benefit only marginally from continued moderate global growth due to its weak competitive position, exports and industry may stabilize in October-December. The central […]

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]]> <![CDATA[The ECB has again kept key rates unchanged]]> https://gmk.center/en/news/the-ecb-has-again-kept-key-rates-unchanged/ Fri, 31 Oct 2025 08:03:37 +0000 https://gmk.center/?post_type=news&p=115225 The European Central Bank (ECB) has kept all three key interest rates unchanged, according to a statement from the regulator. The deposit rate has been left at 2%, the main refinancing operations rate at 2.15%, and the marginal lending facility rate at 2.4%. According to the ECB, inflation remains close to the medium-term target of […]

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]]> <![CDATA[The US Federal Reserve lowered its base rate by 25 basis points]]> https://gmk.center/en/news/the-us-federal-reserve-lowered-its-base-rate-by-25-basis-points/ Thu, 30 Oct 2025 09:03:42 +0000 https://gmk.center/?post_type=news&p=115150 The US Federal Reserve System (Fed) lowered its base interest rate by 25 basis points (bp) – to 3.75-4% per annum. This decision was made by the Federal Open Market Committee (FOMC) with the aim of maintaining maximum employment and inflation at 2% in the long term. At the same time, the Committee announced that […]

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]]> <![CDATA[German economy to grow in the fourth quarter – forecast]]> https://gmk.center/en/news/german-economy-to-grow-in-the-fourth-quarter-forecast/ Thu, 16 Oct 2025 08:17:52 +0000 https://gmk.center/?post_type=news&p=114497 The German economy will grow slightly in the last quarter of 2025, according to an indicator from the Institute for Macroeconomic Policy (IMK) at the Hans Beckler Foundation, Reuters reports. The IMK indicator aggregates the latest available data on key economic variables. It shows a 34.8% probability of recession, which does not imply acute risks […]

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]]> <![CDATA[The German government has raised its economic growth forecast for 2025]]> https://gmk.center/en/news/the-german-government-has-raised-its-economic-growth-forecast-for-2025/ Thu, 09 Oct 2025 08:26:09 +0000 https://gmk.center/?post_type=news&p=114227 Germany has raised its economic growth forecast for 2025 to 0.2% due to planned government spending, Reuters reports. While additional spending on infrastructure and defense is expected to boost the economy in the long run, it will face challenges in the short term due to the US trade war. The Economy Ministry expects growth of […]

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]]> <![CDATA[The US Federal Reserve has lowered its key interest rate for the first time in nine months]]> https://gmk.center/en/news/the-us-federal-reserve-has-lowered-its-key-interest-rate-for-the-first-time-in-nine-months/ Thu, 18 Sep 2025 07:36:17 +0000 https://gmk.center/?post_type=news&p=113461 On September 17, the US Federal Reserve (Fed) lowered the federal funds rate. It was cut by 25 basis points (bps) to 4-4.25% per annum. This was announced in a statement by the Federal Open Market Committee (FOMC). This move was in line with analysts’ and market expectations. “Recent indicators suggest that growth of economic […]

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]]> <![CDATA[The ECB has left key rates unchanged for the second time in a row]]> https://gmk.center/en/news/the-ecb-has-left-key-rates-unchanged-for-the-second-time-in-a-row/ Fri, 12 Sep 2025 07:46:46 +0000 https://gmk.center/?post_type=news&p=113262 On September 11, the European Central Bank (ECB) kept key interest rates at their current level. This is stated in the regulator’s announcement. The deposit rate is 2% per annum, the main refinancing operations rate is 2.15%, and the marginal lending rate is 2.4%. This decision is in line with market forecasts. The regulator noted […]

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]]> <![CDATA[Economic institutes have lowered their GDP growth forecasts for Germany for 2025-2026]]> https://gmk.center/en/news/economic-institutes-have-lowered-their-gdp-growth-forecasts-for-germany-for-2025-2026/ Fri, 05 Sep 2025 08:03:41 +0000 https://gmk.center/?post_type=news&p=113004 Leading German economic institutes have lowered their forecasts for Germany’s economic growth in 2025 and 2026, citing the negative impact of US tariffs and delays in government stimulus, Reuters reports. The Ifo Institute now expects the country’s GDP to grow by 0.2% in 2025 and 1.3% in 2026. This is 0.1 and 0.2 percentage points […]

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]]> <![CDATA[The economic expectations index in Germany fell significantly in August]]> https://gmk.center/en/news/the-index-of-economic-expectations-in-germany-fell-in-august-for-the-first-time-in-several-months/ Tue, 12 Aug 2025 11:46:51 +0000 https://gmk.center/?post_type=news&p=112556 After several consecutive months of growth, the economic sentiment indicator in Germany, which is calculated by the ZEW research institute, dropped in August of the current year to 34.7 points compared to 52.7 points in July. As explained by ZEW President Achim Wambach, financial market experts are disappointed with the announced trade agreement between the […]

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]]> <![CDATA[Inflation in Ukraine slowed to 14.1% in July]]> https://gmk.center/en/news/inflation-in-ukraine-slowed-to-14-1-in-july/ Mon, 11 Aug 2025 07:16:32 +0000 https://gmk.center/?post_type=news&p=112508 Inflation in Ukraine in annual terms slowed to 14.1% in July 2025 (compared to 14.3% in June). This was reported by the State Statistics Service of Ukraine (Ukrstat). At the same time, consumer prices fell by 0.2% last month compared to June (the first deflation since July 2023 was recorded). Core inflation last month was […]

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]]> <![CDATA[The EU’s GDP grew by 0.2% q/q in Q2]]> https://gmk.center/en/news/the-eu-s-gdp-grew-by-0-2-q-q-in-q2/ Wed, 30 Jul 2025 11:56:31 +0000 https://gmk.center/?post_type=news&p=112017 The seasonally adjusted GDP of the European Union in April-June 2025 grew by 0.2% compared to the previous quarter. In the first quarter, the indicator showed a 0.5% q/q increase. This is evidenced by preliminary data from Eurostat. Compared to the same quarter of 2024, seasonally adjusted EU GDP grew by 1.5% in the second […]

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]]> <![CDATA[German exporters are losing ground in global markets – Bundesbank]]> https://gmk.center/en/news/german-exporters-are-losing-ground-in-global-markets-bundesbank/ Tue, 15 Jul 2025 09:34:55 +0000 https://gmk.center/?post_type=news&p=111406 German exporters have lost significant ground in global markets since 2021. This is stated in the latest monthly report from the German central bank. According to Bundesbank economists, more than three-quarters of the losses in export market share between 2021 and 2023 were due to the deterioration in the competitiveness of German exporters, which declined […]

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]]> <![CDATA[IMF warns Europe about the risk of economic stagnation]]> https://gmk.center/en/news/imf-warns-europe-about-the-risk-of-economic-stagnation/ Fri, 20 Jun 2025 09:52:11 +0000 https://gmk.center/?post_type=news&p=110440 The International Monetary Fund (IMF) warns of the risk of stagnation in Europe’s economy if urgent measures are not taken to overcome slowing growth, weak investment and growing geopolitical threats. This is stated in a statement by the institution. In terms of prospects and risks, the eurozone economy is experiencing an increasingly challenging global environment […]

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]]> <![CDATA[The US Federal Reserve left its key policy rate unchanged for the fourth time in a row]]> https://gmk.center/en/news/the-us-federal-reserve-left-its-key-policy-rate-unchanged-for-the-fourth-time-in-a-row/ Thu, 19 Jun 2025 09:14:14 +0000 https://gmk.center/?post_type=news&p=110371 The US Federal Reserve System (Fed) has kept the federal funds rate in the range of 4.25-4.5% per annum. This is stated in a statement by the Federal Open Market Committee (FOMC). “Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. […]

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]]> <![CDATA[Economic sentiment index in Germany increased significantly in June]]> https://gmk.center/en/news/economic-sentiment-index-in-germany-increased-significantly-in-june/ Wed, 18 Jun 2025 07:17:05 +0000 https://gmk.center/?post_type=news&p=110304 The economic sentiment indicator in Germany, calculated by the ZEW research institute, rose to 47.5 points in June from 25.2 points in May. In addition, the assessment of the current economic situation improved, with the indicator for Germany rising by 10 points to minus 72 points. This is the strongest growth in this indicator since […]

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]]> <![CDATA[US Federal Reserve to keep rates unchanged at least until September – experts]]> https://gmk.center/en/news/us-federal-reserve-to-keep-rates-unchanged-at-least-until-september-experts/ Wed, 11 Jun 2025 07:58:26 +0000 https://gmk.center/?post_type=news&p=110060 The US Federal Reserve will keep interest rates at the current level for at least a few more months, as the risks of a resurgence in inflation due to Donald Trump’s tariff policy remain. This opinion is shared by most economists surveyed by Reuters. The agency surveyed 105 economists, and with the exception of two, […]

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]]> <![CDATA[German central bank does not expect economic growth in 2025]]> https://gmk.center/en/news/german-central-bank-does-not-expect-economic-growth-in-2025/ Mon, 09 Jun 2025 11:12:50 +0000 https://gmk.center/?post_type=news&p=110000 The German Bundesbank expects the economy to stagnate in 2025 after two years of recession in the country. This is stated in the new six-month forecast of the central bank, released at the end of last week. Thus, the regulator has downgraded its December expectations, according to which Germany’s GDP growth was expected to reach […]

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]]> <![CDATA[German government approves €46 billion tax break package for companies]]> https://gmk.center/en/news/german-government-approves-e46-billion-tax-break-package-for-companies/ Thu, 05 Jun 2025 11:15:09 +0000 https://gmk.center/?post_type=news&p=109904 On June 4, the German government approved a €46 billion package of tax breaks – the first in a series of expected measures – to support business and the economy for the period from 2025 to 2029. This is stated in the report of the country’s Ministry of Finance. The goal is to strengthen the […]

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]]> <![CDATA[EC downgraded its forecast for EU GDP growth in 2025 to 1.1%]]> https://gmk.center/en/news/ec-downgraded-its-forecast-for-eu-gdp-growth-in-2025-to-1-1/ Mon, 19 May 2025 13:31:38 +0000 https://gmk.center/?post_type=news&p=109226 In its spring review, the European Commission (EC) downgraded its forecast for EU real GDP growth in 2025 to 1.1% from 1.5% expected in November. The estimate of the bloc’s economic growth in 2026 was revised to 1.5% from 1.8%. As noted, the deterioration in expectations compared to the autumn 2024 forecast is largely due […]

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]]> <![CDATA[Germany cuts tax forecasts by €81 billion by 2029]]> https://gmk.center/en/news/germany-cuts-tax-forecasts-by-e81-billion-by-2029/ Fri, 16 May 2025 13:30:26 +0000 https://gmk.center/?post_type=news&p=109165 The economic downturn in Germany and tax breaks are likely to reduce total tax revenues by €81.2 billion in 2025-2029 compared to the October forecast. Such data was released by the working group on tax estimates, Reuters reports. Tax experts predict that over this five-year period, the federal treasury alone will receive €33.3 billion less […]

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]]> <![CDATA[Ukraine’s foreign trade deficit increased almost 1.6 times in Q1]]> https://gmk.center/en/news/ukraines-foreign-trade-deficit-increased-almost-1-6-times-in-q1/ Fri, 16 May 2025 11:57:56 +0000 https://gmk.center/?post_type=news&p=109163 The negative balance of Ukraine’s foreign trade in goods in the first quarter of 2025 increased by 57.7% year-on-year to $8.515 billion from $5.399 billion. This was reported by the State Statistics Service (Ukrstat). According to the State Statistics Service, exports of goods from Ukraine in January-March decreased by 6.9% y/y – to $9.953 billion. […]

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]]> <![CDATA[Ukraine should immediately appeal to the EU to postpone CBAM – PAEW]]> https://gmk.center/en/news/ukraine-should-immediately-appeal-to-the-eu-to-postpone-cbam-paew/ Fri, 16 May 2025 09:32:03 +0000 https://gmk.center/?post_type=news&p=109146 The introduction of the EU’s Cross-Border Carbon Adjustment Mechanism (CBAM) could have irreversible consequences for Ukraine’s economy, exports and employment. Such a warning was expressed by Lyudmyla Tsyhanok, founder of ESG Liga, President of the Association of Environmental Professionals (PAEW) and CEO of the Office of Sustainable Solutions. CBAM will be fully operational in 2026. […]

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