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The economy is increasingly dependent on the mining sector and on mineral sales to China. The domestic economy remains hampered by depressed internal demand.
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DOI: 10.1108/OXAN-DB286471
ISSN: 2633-304X
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Geographic
Topical
The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…
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DOI: 10.1108/OXAN-DB286221
ISSN: 2633-304X
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Latin America’s population is ageing rapidly amid declining birth rates and rising life expectancy. This is driving a need for urgent action to prevent demographic changes…
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DOI: 10.1108/OXAN-DB285438
ISSN: 2633-304X
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Geographic
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The EU has warned Slovakia that it could face fines or blocked EU funds over concerns that the government’s judicial reforms, particularly those protecting politicians from…
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DOI: 10.1108/OXAN-DB285521
ISSN: 2633-304X
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However, its key provision -- an increase in the system’s defined contribution -- was rejected by the Lower House. The government will have to negotiate key parts of the bill…
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DOI: 10.1108/OXAN-DB285024
ISSN: 2633-304X
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The country’s system of pension funds has long been close to bankruptcy, but awareness of the urgency of the issue has increased over the past year. Nonetheless, proposed pension…
The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…
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DOI: 10.1108/OXAN-DB284267
ISSN: 2633-304X
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The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…
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DOI: 10.1108/OXAN-DB284013
ISSN: 2633-304X
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The budget will amount to EUR24bn (USD28bn), with a deficit of 4.3% of GDP to support tax cuts and increased spending. The higher-than-expected deficit comes as economic growth…