French Finance Minister Pierre Moscovici said on Monday that the government of Prime Minister Jean-Marc Ayrault estimated that they needed 7-10 billion euro to reduce the budget deficit to 4.5 percent. GDP by the end of the year
Giving an interview TV channel ITEL Moscovici explained that the calculations are estimate, and the ministry "is waiting for official data." The Minister referred to the results of the audit, which he has commissioned to examine in depth the state of public finances - the agency EFE said.
Moscovici said on Monday in an interview that Paris will not achieve fiscal targets for 2012 without saving up these sums, but it will not mean painful budget cuts.
The government will present a draft budget on 4th July; it is expected that there are listed new tax guidelines. President Francois Hollande promised to reduce the budget deficit this year to 4.5 percent.
AP Agency notes that France is one of the countries which brings the largest sums for funds to countries of monetary union which are currently covered by the aid programs to prevent them from insolvency.
How can Poland transform its economic success into lasting international influence? This was one of the key questions discussed during the Polish Economic Congress, where business leaders, policymakers, and development institutions examined how to strengthen the country's global reputation and competitiveness. According to representatives of the Polish Development Fund (PFR), building a strong national brand requires more than marketing—it depends on creating successful companies capable of competing on international markets.
czytaj więcejAlmost 300 Polish companies participated in London Tech Week, making it the largest Polish business mission ever organized in the history of economic relations between Poland and the United Kingdom. The delegation included technology startups, scale-ups, investors, public institutions, and organizations supporting innovation and international expansion. (Based on the PAIH announcement referenced by the user.)
czytaj więcejNearly 150 representatives of government institutions, energy companies, industry organizations, and expert communities from Poland and Germany gathered during the 4th Polish-German Energy Transition Forum to discuss the future of energy security and cross-border cooperation. The event focused on how both countries can strengthen the resilience of their energy systems amid growing geopolitical and economic challenges.
czytaj więcejThirteen Polish cosmetics companies showcased their products at the 2026 Central Asia Beauty Expo in Almaty, one of the most important beauty industry events in Central Asia. The companies participated under the Polish National Stand organized by the Polish Investment and Trade Agency (PAIH), highlighting the growing international ambitions of Poland’s cosmetics sector.
czytaj więcejBlack holes are central to understanding the structure and thermodynamics of the Universe. They play a fundamental role in a non-expanding, infinite Universe as described in the Gravitational Model of the Universe (https://www.grawitacyjnymodelwszechswiata.pl/). In this model, the problems associated with the Big Bang Theory do not arise. The assumptions correspond to observations and no paradoxes arise.
Cosmology turned toward the Big Bang Theory because scientists were unable to resolve the problems of the Universe’s ‘gravitational collapse’ and ‘heat death’. As a result, the second cosmological principle was rejected and the influence of gravity on electromagnetic waves, as predicted by the general theory of relativity, was disregarded (e.g. in Hubble’s law).