Germany's finance ministry is pushing forward with its 2025 and 2026 budget plans, focusing on fiscal savings while addressing security and economic challenges, according to a recent government document.
Germany's new finance minister Lars Klingbeil has initiated preparations for the 2025 and 2026 budgets, emphasizing cost-cutting across ministries despite recent fiscal flexibility created by a €500 billion infrastructure fund and defense spending exemptions.
The finance ministry document outlines three priorities: modernizing infrastructure, implementing structural reforms to enhance competitiveness, and consolidating the budget. Finance ministry state secretary Steffen Meyer emphasized the urgency of addressing security threats, and revitalizing Europe's largest economy.
The 2025 draft budget is set for cabinet approval on June 25, with parliamentary discussions in July and final approval by September. Similarly, the 2026 budget will follow the standard approval timeline, with final adoption in December.
Police have arrested a third suspect in connection with arson attacks targeting properties and a car linked to UK Prime Minister Keir Starmer, as investigations continue.
Iran hosted the Tehran Dialogue Forum on May 18–19 with 200 delegates from 53 countries, showcasing its soft power through diplomacy while also highlighting military strength—an approach echoing the "smart power" concept of balancing dialogue and deterrence.
Negotiations between Azerbaijan and Armenia could soon advance to a new level, with discussions possibly involving the heads of state, according to Armenian Parliament Speaker Alen Simonyan.
Following changes to visa policies earlier this year, several international students in the United States experienced disruptions to their education and employment. While U.S. authorities have since begun restoring student statuses, challenges remain for those affected.
Azerbaijani presidential climate envoy Mukhtar Babayev is set to participate in the Astana International Forum 2025, focusing on global challenges and future cooperation.
Armenia has proposed elevating its cooperation with Cyprus to the level of a strategic partnership, a move positively received by Cypriot officials.
Police have arrested a third suspect in connection with arson attacks targeting properties and a car linked to UK Prime Minister Keir Starmer, as investigations continue.
Iran hosted the Tehran Dialogue Forum on May 18–19 with 200 delegates from 53 countries, showcasing its soft power through diplomacy while also highlighting military strength—an approach echoing the "smart power" concept of balancing dialogue and deterrence.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Interim President Ilie Bolojan has signed into law new legislation allowing Romanian forces to shoot down drones that illegally enter the country’s airspace. He also approved a separate law regulating military missions and operations conducted on Romanian territory during peacetime.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Kazakhstan is taking concrete steps toward the development of its first nuclear power plant, with the country now in the pre-project phase, according to Rinat Okasov, Deputy Director General of Kazakhstan Nuclear Power Plants LLP (KAEŞ).
Finance leaders from the Group of Seven democracies will strive for a show of unity when they meet this week on topics other than U.S. President Donald Trump's tariffs, including economic security, Ukraine and artificial intelligence cooperation.
Nvidia (NASDAQ: NVDA) announced a significant move to expand its influence in AI hardware on Monday, revealing plans to sell its NVLink Fusion technology to other chipmakers, enabling faster communication between artificial intelligence (AI) chips.
Qatar Airways has achieved its highest-ever annual profit of $2.15 billion, driven by record passenger numbers as global aviation continues to recover from the pandemic.
Armenia has proposed elevating its cooperation with Cyprus to the level of a strategic partnership, a move positively received by Cypriot officials.
Police have arrested a third suspect in connection with arson attacks targeting properties and a car linked to UK Prime Minister Keir Starmer, as investigations continue.
Iran hosted the Tehran Dialogue Forum on May 18–19 with 200 delegates from 53 countries, showcasing its soft power through diplomacy while also highlighting military strength—an approach echoing the "smart power" concept of balancing dialogue and deterrence.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Interim President Ilie Bolojan has signed into law new legislation allowing Romanian forces to shoot down drones that illegally enter the country’s airspace. He also approved a separate law regulating military missions and operations conducted on Romanian territory during peacetime.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment