Hungary approves Orban's 2026 budget with tax cuts despite fiscal risks

FILE PHOTO: People look at the Danube river and the Hungarian Parliament Building in the background in Budapest, Hungary, September 20, 2024. REUTERS/Marko Djurica/ File Photo BUDAPEST - Hungary's parliament passed Prime Minister Viktor Orban…

Labour cutting farming budget in England by £100m a year, figures shows

Labour is cutting the farming budget in England by £100m a year, spending review figures show. Despite the decrease, the budget has been cautiously welcomed by nature and farming groups, as there were fears the Treasury had wanted to reduce the funding …

EU slaps Greece with record fine over agricultural subsidy fraud

The European Commission has imposed a fine of 392.2 million euros on Greece over a major scandal involving the mismanagement of EU agricultural subsidies between 2016 and 2023.  The Commission’s decision is grounded in violations of European laws governing …

Book fair’s Pavillion Europa reflects on 40 years in the EU

Madrid’s famous annual book fair in Retiro Park has been going on with a lively atmosphere since the 30th of May, but today brings a special moment. The Pavilion Europa is marking and celebrating the 40 years since Spain joined the European Union. This …

Greece Hit with Record EU Fine Over Mismanagement of Farm Subsidies

In a major blow to its agricultural sector, Greece has been ordered to forfeit €392.2 million in EU funding following years of mismanagement and regulatory violations related to farm subsidies. The European Commission’s decision marks one of the largest …

Europe needs a budget built for tomorrow

By Alfred Kammer, Director of the IMF European Department, and Jiae Yoo, Senior Economist of the IMF European Department. Europe faces an unprecedented storm of challenges: an ageing population, sluggish productivity, fracturing global trade, escalating …

EU weighs carbon tax on home heating and petrol to fill budget gaps

Mary Regan: No election means less kite-flying, but here are five things we know about Budget 2026 so far

From income tax to construction, there have been a few clues from coalition leaders Today at 03:30 Tánaiste Simon Harris recently said that budget speculation gets earlier every year. In fact, this year has bucked that trend and after a slow start, the …

Finance Minister to Address Lawmakers on Budget Implementation Today

By Kebba AF Touray Finance Minister Seedy Keita is expected to appear before the National Assembly today, Monday, June 16, 2025, to deliver a ministerial statement detailing the implementation and monitoring of the annual national budget. The announcement …

Data corner: how EU R&D spending measures up against the US and China

Photo credits: Mika Baumeister / Unsplash The EU spends far more of its R&D budget on undirected, curiosity-driven research than any other major science power, according to a new analysis by the European Commission.Last week, the Commission …