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Budget news — August 1, 2026 - Page 8

Publications tagged with Budget published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 8 of 12.

273 publications

  1. TechEuropeInflationBudget

    Inflation Surge in Germany After Fuel Discount Ends

    Consumer prices in Germany rose by 0.8% in July compared to June, pushing the inflation rate up to 2.8%. The end of the state-ordered fuel discount and continued high energy prices, particularly for gasoline and heating oil, contributed to this increase. Food prices also rose slightly (0.4%), while services became 2.9% more expensive. Economists warn that the effects of the energy price shock on inflation are not yet fully materialized, and further increases are expected in the coming months.
    5 sourcesSee all sources
  4. WorldRegulatorsMiddle EastBudget

    Ukraine to Introduce Tax on Imported Goods Worth Up to 150 Euros

    The Ukrainian government has submitted a bill to the Verkhovna Rada that proposes to cancel the VAT exemption for imported goods from foreign marketplaces worth up to 150 euros. This move is expected to generate over 10 billion hryvnia in additional annual budget revenues, which will be used to finance defense, state stability, and economic development. The new rules, if supported by deputies, will come into effect no earlier than 2027. Private gifts worth up to 45 euros sent free of charge will not be taxed.
    7 sourcesSee all sources
  5. PoliticsRegulatorsCorruptionMiddle EastBudget

    Russia Declares Pavel Durov a Terrorist, But Buying Telegram Premium Isn't Dangerous

    Russia's financial monitoring service, Rosfinmonitoring, has added Telegram founder Pavel Durov to its list of terrorists and extremists. However, authorities have not recognized Telegram itself as an extremist organization, and buying Telegram Premium is not considered a criminal offense. While users can continue using the messenger without fear of repercussions, sending personal transfers or 'stars' to Durov's channel is not recommended due to potential legal consequences.
    2 sourcesSee all sources
  6. WorldLocal GovMiddle EastBudget

    Telegram Founder Pavel Durov Added to Russia's Extremist List

    Telegram founder Pavel Durov has been added to Russia's list of extremists and terrorists. This move does not automatically ban the use of Telegram or its premium subscription but may impact Durov's personal finances and assets. Russian law currently does not prohibit purchasing Telegram Premium, and users are not liable for doing so. However, users should be cautious with money transfers within the platform.
    10 sourcesSee all sources
  9. WorldMiddle EastBudget

    Economic Transformation Exhibition Supports Women's Businesses and Domestic Production

    A private organization inaugurated an 'Economic Transformations' exhibition in Kabul to support domestic production and women's businesses. The event, attended by Ministry of Economy officials, aims to reduce import dependence and encourage investment in infrastructure projects. Women entrepreneurs showcased their products and called for more market opportunities and government support.
    6 sourcesSee all sources
  10. PoliticsRegulatorsGovernanceMiddle EastBudget

    Government to Support Entrepreneurs Affected by Wildberries Attacks

    Vice-Premier Alexander Novak has ordered measures to support entrepreneurs affected by attacks on Wildberries logistics complexes. The government reported that the air attacks have caused significant damage to small and medium-sized businesses. Novak instructed relevant agencies to work with business associations to determine the parameters of the proposed measures and submit draft acts to the government by August 10. Wildberries founder Tatiana Kim supported the initiative and stated that businesses are ready to actively participate in developing specific mechanisms to ensure that assistance reaches each seller directly and as quickly as possible.
    10 sourcesSee all sources
  12. WorldRegulatorsMiddle EastBudget

    Premier League Clubs Unanimously Back New Funding Proposal for EFL

    Premier League clubs have agreed to a new funding proposal for the English Football League (EFL), marking a significant step in the 'New Deal' discussions. The 10-year plan, set to begin in the 2026/27 season, includes an increased transfer levy and contributions proportionate to a club's earnings. The proposal will now be formally presented to EFL clubs for consideration.
    2 sourcesSee all sources
  14. WorldBillMiddle EastBudget

    Airlines Subsidy: Up to R$ 1.2 Billion in Present Value Credit Subsidy

    The emergency line of R$ 8 billion prepared by the Brazilian government for airlines may carry up to R$ 1.22 billion in present value credit subsidy. The estimate is contained in documents from the National Monetary Council analyzed by Radar Econômico. Azul, Gol, and Latam could absorb up to R$ 7.992 billion together, equivalent to 99.9% of the resources. The financing also does not require the opening of new routes.
    2 sourcesSee all sources
  15. SocietyRegulatorsNorth AmericaBudgetLogistics

    BMW to Cut Around 8,000 Jobs Worldwide

    BMW plans to cut around 8,000 jobs worldwide by the end of 2027, mainly affecting office jobs and not production. The German automaker aims to reduce costs and improve competitiveness amid a crisis in the automotive industry, including weak demand in China and increased global competition. The job cuts will be made through natural attrition and a voluntary severance program in Germany, with the first departures expected this year. The program is expected to cost the company a three-digit million amount.
    9 sourcesSee all sources
  16. WorldRegulatorsGovernanceMiddle EastBudget

    Marcos Jr. Launches EV Incentive Program to Boost Local Manufacturing

    President Ferdinand Marcos Jr. has issued Executive Order No. 121, establishing the Electric Vehicle Incentive Strategy (EVIS) Program. The program aims to encourage major companies to invest in and manufacture electric vehicles and their components in the Philippines. The government will provide tax payment certificates as incentives to attract investments and generate jobs for Filipinos. The EVIS program seeks to create more jobs, attract new investments, strengthen local manufacturing, reduce dependence on imported oil, and position the Philippines as a key player in the global electric vehicle supply chain.
    6 sourcesSee all sources
  18. WorldEuropeBudget

    Eurozone Unemployment Stable at 6.3% in June

    The unemployment rate in the eurozone remained stable at 6.3% in June, with 11.13 million people unemployed. In the entire European Union, unemployment was 6% with 13.31 million people unemployed. Youth unemployment in the EU increased to 15.5%, while in the eurozone it decreased to 14.8%. Spain had the second-highest unemployment rate in the EU at 10.1%, while Slovakia's unemployment rate was 5.8%.
    6 sourcesSee all sources
  20. PoliticsExecutiveMiddle EastBudget

    Chile's Government Halts Codelco Privatization, Considers Selling Non-Strategic Assets

    The Chilean government has halted plans to privatize Codelco, the country's largest state-owned company and the world's leading copper producer. The decision comes amidst a heated political debate sparked by Senator Arturo Squella's proposal to privatize or partially sell Codelco's ownership to address its financial crisis. The company faces a debt of around USD 26 billion and has reported its lowest production in 28 years. While the government has ruled out full privatization, it is considering selling non-strategic assets to shore up public finances. The new executive president, Jorge Gómez, has shifted the company's strategy to prioritize profitability over copper volume. The government is also exploring strategic alliances and partnerships with private entities to strengthen Codelco's operations.
    7 sourcesSee all sources
  21. BusinessChinaBudget

    Philippines to Remove System Loss Charges from Electricity Bills

    President Ferdinand Marcos Jr. has directed Congress to amend the Electric Power Industry Reform Act (EPIRA) to remove system loss charges and the corresponding value-added tax (VAT) from consumers’ electricity bills. This move aims to reduce power costs for consumers. Energy Secretary Sharon Garin has stated that the Department of Energy (DoE) is studying regulations and consulting stakeholders to lower electricity rates. A joint task force consisting of energy agencies and electric cooperatives is working on plans to remove system loss charges. Meanwhile, Meralco Chairman Manuel V. Pangilinan has expressed concern about who would shoulder the cost if system loss charges are removed.
    12 sourcesSee all sources
  23. WorldMiddle EastBudget

    Syrian Currency Replacement Chaos

    Syrian markets are in disarray as the deadline for replacing old banknotes approaches. The Central Bank of Syria has set tomorrow, Friday, as the final day for exchanging old currency. Heavy congestion and confusion have been reported at currency exchange centers, with individuals and traders expressing frustration over the refusal to accept old notes before the deadline. Despite the old notes losing their status as legal tender from July 31, they will remain exchangeable through mechanisms determined by the Central Bank for five years but will not be used for buying and selling after the deadline.
    2 sourcesSee all sources
  24. PoliticsRegulatorsMiddle EastBudget

    Novak Orders Support Measures for Entrepreneurs Affected by Attacks on Logistics Complexes

    Russian Deputy Prime Minister Alexander Novak has instructed relevant departments to develop support measures for entrepreneurs affected by attacks on logistics complexes. The attacks were carried out by the Armed Forces of Ukraine, with Novak ordering the cabinet to report on the matter. The support measures are aimed at businesses that have suffered due to these attacks.
    10 sourcesSee all sources