Trump Pushes Tax Cuts, Seeks Time on Economy

Business 1 May 2025 15:00

Former President Donald Trump said Wednesday that his administration needs more time to revive the U.S. economy, calling current economic conditions "the Biden economy." Speaking at a White House event on “Investing in America,” Trump pointed to a 0.3% GDP decline last quarter, the first since 2022, and argued the downturn reflects the previous administration’s impact, CE Report quotes Anadolu Agency

He proposed slashing corporate taxes from 21% to 15% for companies manufacturing in the U.S., especially in sectors like semiconductor production. Trump also promised what he described as the “largest tax cuts in American history” in the coming weeks.

The event included business leaders such as Chobani CEO Hamdi Ulukaya, who was recognized for the company’s $1.7 billion investment in U.S. operations.

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Bulgaria’s External Debt Rises 16% to €50.8B

19:00

Bulgaria’s gross external debt reached €50.83 billion by the end of May 2025, a 16% year-on-year increase, according to data released by the Bulgarian National Bank on Wednesday.

EU-US Trade Deal Averts Tariff War

28 July 23:55

Greece’s Finance Minister Kyriakos Pierrakakis hailed the new EU-US trade agreement as a positive development that ends months of uncertainty and prevents a potential trade war.

SME Lending Surges in Greece

28 July 13:10

Disbursements of new loans to small and medium-sized enterprises (SMEs) in Greece rose by around 16% in the first half of the year, reaching €1.21 billion, according to banking estimates.

Greece Remains Investor-Friendly

28 July 08:00

Despite a broader drop in foreign direct investment (FDI) across Europe, Greece continues to appeal to international investors, according to the EY Attractiveness Survey Greece 2025.

Greece Posts €4.5 Billion Primary Surplus in H1 2025

25 July 18:00

Greece recorded a primary surplus of €4.52 billion in the first half of 2025, significantly surpassing the budget target of €2.24 billion, the Finance Ministry announced Friday. The figure also exceeded the €2.91 billion surplus posted in the same period last year.

Dan to Visit Austria for Bilateral, Economic Talks

24 July 23:00

Romanian President Nicușor Dan will visit Salzburg, Austria, on July 25–26 at the invitation of Austrian President Alexander Van der Bellen.

ECB Holds Rates Steady Amid Inflation Target

24 July 20:00

The European Central Bank (ECB) kept its key interest rates unchanged on Thursday, in line with market expectations, pausing after eight consecutive cuts since June 2024.

Lottery Concession Attracts Two Bidders

24 July 09:25

Two investment groups have expressed interest in the international tender for a 10-year concession to operate and manage Greece’s State Lotteries, the Greek Superfund announced on Wednesday.

Greek SMEs, Citizens Protest Online Banking Fees

23 July 23:35

Citizens and small business owners in Greece are expressing growing frustration over excessive fees for online banking transactions, Athens Chamber of Tradesmen (EEA) President Yiannis Chatzitheodosiou said Wednesday.

Trump Pushes Tax Cuts, Seeks Time on Economy

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