Economy of the European Union

Surprise primary surplus for 2022

The balance of the general government eventually crossed into positive territory from as early as last year, with a primary surplus of 0.1% of gross domestic product or 273 million euros, against a forecast in the 2023 budget for a deficit of 1.6% of GDP or €3.4 billion, according to data published on Friday by ELSTAT and Eurostat, in the context of the European Union's excessive deficit proced

1.6 Million Bulgarian Voters support the Eurozone - 580,000 are Against

One of the main political events in recent months, which will continue in the future, is the referendum that the "Vazrazhdane" party organized regarding Bulgaria's entry into the Eurozone. The results of the parliamentary elections could be an indicator of the opinion of Bulgarian citizens on this issue.

Retails sales rise 22 percent in February

Retail sales volume has increased by 21.5 percent in February from the same month of last year, data from the Turkish Statistical Institute (TÜİK) have shown.

This was lower than the 34 percent year-on-year increase in retail sales in January. Strong earthquakes hit several provinces in Türkiye's south in early February, which devastated businesses and killed more than 50,000 people.

Germany wants to force debt cuts in EU spending rules

Economic powerhouse Germany wants EU members to be given binding targets to slash their debts under new spending rules being prepared by Brussels, a document seen by AFP has showed.

In November, the European Commission, the EU's executive arm, put forward plans to reform the Stability and Growth Pact that limits how much EU countries can borrow.

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