Germany's government debt, including the financial obligations of the federal government, national governments and municipal bodies, was at the end of the first quarter of this year 2.042 billion euro - said on Monday the Federal Statistical Office (Destatis) in Wiesbaden
According to him it is about 42.3 billion euro or 2.1 percent more than a year earlier.
Debts of the federal government and its external budgets (including funds to stabilize financial markets and the funding of depreciation) increased during this period of 12.5 billion euro to 1 286.2 billion - an increase of 1 percent. Financial obligations of the Länder, also taking into account their external budgets, amounted at the end of the first quarter of this year 622.7 billion – about 23.8 billion (4 percent) more than on 31st March 2011.
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.
A new Uzbek textile and trade hub has officially opened in Łódź, marking an important step in the growing economic partnership between Poland and Uzbekistan. The project is expected to strengthen Poland’s position as a key logistics gateway connecting Central Asia with the European Union while creating new opportunities for trade, investment, and business cooperation between companies from both countries.
czytaj więcejPoland is taking another step toward strengthening its industrial role in the country’s energy transformation. ZKS Ferrum, a company within the Ferrum Group and backed by the Polish Development Fund (PFR), has secured long-term rights to a strategic site at the Indian Quay in the Port of Gdynia. The agreement opens the door to significant investments that could increase the participation of Polish manufacturers in offshore wind and nuclear energy projects.
czytaj więcejHow 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.
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