This article is published in association with IMF. Era Dabla-Norris, Davide Furceri Fiscal Policy under mounting uncertainty means government budgets need resilience—particularly in countries whose economic weight makes them influence global trends Global public debt could increase to 100 percent of global gross domestic product by the end of the decade if current trends continue, according […]Search Results for: Trade
Debt is Higher and Rising Faster in 80 Percent of Global Economy
June 2, 2025 by Leave a Comment
This article is published in association with IMF. Era Dabla-Norris, Davide Furceri Fiscal Policy under mounting uncertainty means government budgets need resilience—particularly in countries whose economic weight makes them influence global trends Global public debt could increase to 100 percent of global gross domestic product by the end of the decade if current trends continue, according […]UN’s Guterres declares fossil fuel era fading; presses nations for new climate plans before COP30 summit
July 23, 2025 by Leave a Comment
This article is published in association with United Nations. UN Secretary‑General António Guterres declared the world has “passed the point of no return” on the shift to renewables and implored governments to file sweeping new climate plans before November’s COP30 climate summit in Brazil, saying the fossil fuel era is nearing its end. In a special […]Fostering Core Government Bond Market Resilience
May 22, 2025 by Leave a Comment
This article is published in association with IMF. Tobias Adrian, Kleopatra Nikolaou, Jason Wu The smooth functioning of government bond markets is important for the safety and soundness of broader capital markets, especially amid heightened financial market volatility. Bond markets recently adjusted sharply to an abrupt re-assessment of the global macroeconomic environment and elevated trade policy […]EU – South Africa Summit Declaration
March 14, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Mrs Ursula von der Leyen, President of the European Commission, Mr António Costa, President of the European Council, met with Mr Cyril Ramaphosa, President of the Republic of South Africa, in Cape Town today for the 8th Summit between the European Union (EU) and […]European Commission adopts proposals to sign and conclude the EU-UK Competition Cooperation Agreement
May 21, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission today adopted the proposals for Council decisions to sign and conclude the EU-UK Competition Cooperation Agreement. The Competition Cooperation Agreement will put in place a clear framework for cooperation on competition matters between, on the one side, the Commission and EU […]Partnership Council confirms one-off extension of the current rules of origin for electric vehicles and batteries
December 21, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. The EU-UK Partnership Council has today adopted a Decision to extend the current rules of origin for electric vehicles and batteries for three years – until 31 December 2026. This follows a proposal by the Commission on 6 December and its adoption by the […]Commission strengthens Europe’s chemical industry
July 9, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission presented an Action Plan for the Chemicals Industry to strengthen the competitiveness and modernisation of the EU chemical sector. The Action Plan addresses key challenges, namely high energy costs, unfair global competition, and weak demand, while promoting investment in innovation […]EBRD downgrades Türkiye forecast for 2025
May 13, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) expects Türkiye’s economy to grow by 2.8 per cent in 2025, downgraded from its February 2025 forecast due to lower domestic and external demand and tighter-than-expected monetary policy. The Bank expects the Turkish economy to then grow by […]How to Awaken Europe’s Private Sector and Boost Economic Growth
September 23, 2024 by Leave a Comment
This article is published in association with IMF. Diego Cerdeiro, Gee Hee Hong, Alfred Kammer In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasized by Mario Draghi’s Sept. 9 competitiveness report for the European […]General Assembly renews long-standing call for end to US embargo against Cuba
October 31, 2024 by Leave a Comment
This article is published in association with United Nations. The UN General Assembly on Wednesday once again urged the United States to end its economic, commercial, and financial embargo on Cuba, renewing a demand it has made annually since 1992. The resolution, titled “Necessity of ending the economic, commercial and financial embargo imposed by the United […]Commission imposes definitive safeguard measures on certain ferroalloys
November 19, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission took today an important step to protect the EU’s ferroalloy industry – which employs some 1,800 people in the EU – by imposing definitive safeguard measures on imports of certain ferroalloys into the European Union. This decision brings to a close […]Commission proposes strengthened cooperation to combat tax fraud
November 17, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission proposed an amendment to strengthen cooperation between the European Public Prosecutor’s Office (‘EPPO’), the European Anti-Fraud Office (‘OLAF’), and Member States. The proposal provides a legal basis for the exchange of information and access to VAT data, enhancing the EU’s […]Commission decides to refer SWEDEN to the Court of Justice of the European Union for failing to fulfil its obligations under EU maritime security acqu/is
May 8, 2025 by 1 Comment
This article is brought to you in association with the European Commission. Today, the European Commission decided to refer Sweden to the Court of Justice of the European Union for failing to remedy an infringement in relation to the EU’s legal framework on maritime security (Regulation (EC) No 725/2004, Directive 2005/65/EC and Commission Regulation (EC) 324/2008). The legal framework […]Press remarks by Executive Vice-President Sefcovic following the meetings of the EU-UK Joint Committee and EU-UK Partnership Council
May 17, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Good evening. I am glad to be here to inform you about very important meetings I hosted today. First, with the United Kingdom, we met in the context of the EU-UK Joint Committee on the Withdrawal Agreement and the EU-UK Partnership Council under the […]EBRD and EU provide €3 million loan to NLB Banka AD Podgorica as part of SME Go Green programme
December 16, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU),is providing a loan of up to €3 million to NLB Banka AD Podgorica to contribute to the development of Montenegro’s SME sector – mainly for financing small and medium-sized enterprises (“SMEs”) . […]Talks on net zero shipping framework shelved as nations fail to reach consensus
October 20, 2025 by Leave a Comment
This article is published in association with United Nations. Talks at the International Maritime Organization (IMO) on adopting new global rules to cut greenhouse gas emissions from ships ended Friday without agreement, as delegates voted to defer a decision for 12 months amid sharp divisions over the proposed Net-Zero Framework. The IMO’s Marine Environment Protection Committee […]EU and Angola sign first-ever Sustainable Investment Facilitation Agreement
November 20, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. The EU and Angola signed today a Sustainable Investment Facilitation Agreement (SIFA), the first EU agreement of its kind, during the EU-Angola Business Forum in Luanda. It responds to Angola’s ambition to diversify its economy beyond the oil and gas sectors, which historically attracted […]The 2004 EU Enlargement Was a Success Story Built on Deep Reform Efforts
December 5, 2024 by Leave a Comment
This article is published in association with IMF. Poland is one of the success stories of European economic convergence. The country, which in January takes the reins of the Council of the European Union (the decision-making institution representing the Union’s member states) is now the EU’s sixth largest economy. This convergence process was driven by the […]Commission approves €5 billion German State aid scheme to help industries decarbonise production processes
March 25, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €5 billion German scheme to help companies subject to the EU Emission Trading Scheme (‘ETS’) decarbonise their production processes. The scheme contributes to the achievement of Germany’s energy and climate targets as well […]Commission finds that Polish public support for chemical company PCC is in line with State aid rules
January 24, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has concluded that two support measures totalling €23 million awarded by Poland to chemical company PCC MCAA Sp. z o. o (‘PCC’) for an investment into a new plant are in line with EU State aid rules. The Commission’s investigation In 2012 and 2013, Poland […]New package of measures to boost circular economy and strengthen Europe’s plastic recycling
December 24, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has unveiled a first set of pilot actions to accelerate Europe’s transition to a circular economy, with a particular focus on the plastics sector. By optimising the recycling of plastics, these measures will further unlock the potential of the Single Market […]Belarus is not safe for anyone critical of authorities, warns rights expert
July 4, 2024 by Leave a Comment
This article is published in association with United Nations. Citizens and civil society critical of the Belarussian authorities face worsening repression, arbitrary detention, ill-treatment and harassment, nearly four years since widespread public protests took place surrounding the re-election of President Alexander Lukashenko, a UN independent human rights expert said on Wednesday. In her final, annual report to […]WTO agreement shows multilateralism is still alive, says Trade Committee Chair
June 20, 2022 by Leave a Comment
This article is brought to you in association with the European Parliament. Chair Bernd Lange (S&D, DE) made the following statement today after the announcement of a series of agreements at the 12th World Trade Organization Ministerial Conference. “Multilateralism is not dead; on the contrary – it is very much alive. I welcome this morning’s agreements […]CETA turns 5: a privileged partnership for sustainable growth and secure supplies
September 22, 2022 by Leave a Comment
This article is brought to you in association with the European Commission. Today marks the fifth anniversary of the provisional application of the EU-Canada Comprehensive Economic and Trade Agreement (CETA). CETA is a central pillar of the political, trade and economic partnership between the EU and Canada. The agreement has helped boost EU trade with Canada […]Growth in EBRD regions trimmed as economies adjust to new realities
September 27, 2024 by 1 Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has revised slightly downwards its expectations of growth across the regions where it invests. Its latest Regional Economic Prospects report gives a growth figure for 2024 of 2.8 per cent, 0.2 percentage points down on its previous forecast […]Commission registers European Citizens’ Initiative on phasing out EU imports from Russia and Belarus
January 29, 2026 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission has registered a European Citizens’ Initiative (ECI), entitled ‘Stop Funding Russia’s War: Phase Out Harmful and Useless Russian Imports into the EU’. The initiative invites the Commission “to propose firm, immediate measures to end the EU’s remaining import dependencies on […]Commission unveils new approach to trade agreements to promote green and just growth
June 23, 2022 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is today taking a major step in making EU trade greener, fairer and more sustainable. It has unveiled a new plan to enhance the contribution of EU trade agreements in protecting the climate, environment and labour rights worldwide. In its Communication […]EBRD supports transition to green feed production in Turkish livestock sector
May 30, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ofis Yem, a leading livestock feed producer in Türkiye, to support the transition to a green economy and the adoption of inclusive business practices. The proceeds will be used to finance the […]New tool to enable EU to withstand economic coercion enters into force
December 28, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Anti-Coercion Instrument (ACI) has entered into force, providing the EU with the means to deter and respond to economic coercion, and thereby better defend its interests and those of its Member States on the global stage. The ACI is first and foremost […]Almost €80 million in EU investment to modernise Cambodia’s agricultural sector and to boost farmers’ access to domestic and global markets
March 17, 2025 by Leave a Comment
This article is published in association with European Investment Bank. EIB Global – the European Investment Bank’s global arm – and the Ministry of Economy and Finance (MEF) of the Kingdom of Cambodia have signed an agreement today for a €15 million EU grant to support the Agriculture Services Programme for an Inclusive Rural Economy and Agricultural […]COP29: Energy transition must not trigger a ‘stampede of greed’ that crushes the poor
November 14, 2024 by Leave a Comment
This article is published in association with United Nations. Climate talks at COP29 in Baku on Wednesday turned to the pressing issue of how to manage the demand for minerals essential to producing electric vehicles and solar panels without triggering a “stampede of greed” that exploits local communities and crushes the poor. “We are here to […]With Kenya and Rwanda opening borders for other Africans, what will visa-free travel mean for Africa’s economic growth?
November 16, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Andrea Willige, Senior Writer, Forum Agenda “Let us all unite” – instruct the opening words of the African Union (AU) anthem. Rwanda and Kenya have just taken steps to bring the continent closer to this goal by allowing […]Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity
October 8, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has presented a proposal to protect the EU steel sector from unfair impacts of global overcapacity, a vital step towards ensuring the long-term viability of a strategically crucial industry. Delivering on the commitments set out in the EU Steel and Metal Action […]
