Finance & Economics

Luxembourg must diversify its economy and maintain a strong and resilient financial sector

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Promoting longer working lives is vital to improving Poland’s future prosperity

Encouraging more people to work later in life would help Poland meet the challenges of a rapidly ageing population. The percentage of old to younger groups (defined as share of over 65s to people aged 20-64) is projected to nearly triple from 22% in 2012 to 63% in 2050, according to a new OECD report.

UK's long-term growth: innovation’s role in economic success

Economist Mariana Mazzucato argues for a 'mission oriented' approach to investment in innovation at the heart of economic policy.

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Mariana Mazzucato, Professor in the Economics of Innovation at the University of Sussex.

Switzerland should enact reforms that allow the competitive parts of the farm sector to flourish

Switzerland should reduce trade barriers and limit the level of direct payments to farmers, as part of wider efforts to improve competitiveness of the agriculture sector, according to a new OECD report.

World Bank Supports Strengthening of Public Financial Management and Improvement of Road Conditions and Safety in Albania

The World Bank Group’s Board of Executive Directors approved two projects for Albania totaling Euro265.9 million (US $306.7 million equivalent): Euro200million (US $226.7 million equivalent) for the Public Finance Policy Based Guarantee, and Euro65.9 million (US $80.0 million equivalent) for the Results-Based Road Maintenance and Safety Project on March 27.

100 UK councils set to freeze Council Tax as authorities sit on £30 billion

UK local authorities take up the government's Council Tax freeze grant and keep bills down for taxpayers.

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European Central Bank and Bank of England announce measures to enhance financial stability in relation to centrally cleared markets in the EU

The European Central Bank (ECB) and the Bank of England (BoE) are announcing a series of measures aimed at enhancing financial stability in relation to centrally cleared markets within the EU on 29 March.

ECB and central banks in the Western Balkans complete EU-funded cooperation programme

The European Central Bank (ECB), together with national central banks of the European System of Central Banks (ESCB) and the European Commission today completed a cooperation programme with Bank of Albania (BoA), the Central Bank of the Republic of Kosovo (CBK) and the National Bank of the Republic of Macedonia (NBRM). The programme, which was launched on 17 April 2014, aimed to support the three central banks in implementing the central banking standards of the European Union (EU).

Repayment of £2.6 billion historical debt to be completed by UK government

Some of the debt dates back as far as the 18th century.

UK Chancellor of the Exchequer, George Osborne, is announcing that the government will redeem the last four undated bonds in the government’s portfolio, completing the repayment of £2.6 billion of historical debt on 27 March 2015.

UK cash boost for software developers

The government has invested nearly £500,000 to support small software developers to produce new and innovative ways to use data.

UK government has invested nearly £500,000 to support small software developers to produce new and innovative ways to use data to tackle health and social care problems through the Midata Programme.