French Finance Minister Pierre Moscovici said on Monday that the government of Prime Minister Jean-Marc Ayrault estimated that they needed 7-10 billion euro to reduce the budget deficit to 4.5 percent. GDP by the end of the year
Giving an interview TV channel ITEL Moscovici explained that the calculations are estimate, and the ministry "is waiting for official data." The Minister referred to the results of the audit, which he has commissioned to examine in depth the state of public finances - the agency EFE said.
Moscovici said on Monday in an interview that Paris will not achieve fiscal targets for 2012 without saving up these sums, but it will not mean painful budget cuts.
The government will present a draft budget on 4th July; it is expected that there are listed new tax guidelines. President Francois Hollande promised to reduce the budget deficit this year to 4.5 percent.
AP Agency notes that France is one of the countries which brings the largest sums for funds to countries of monetary union which are currently covered by the aid programs to prevent them from insolvency.
Black holes are central to understanding the structure and thermodynamics of the Universe. They play a fundamental role in a non-expanding, infinite Universe as described in the Gravitational Model of the Universe (https://www.grawitacyjnymodelwszechswiata.pl/). In this model, the problems associated with the Big Bang Theory do not arise. The assumptions correspond to observations and no paradoxes arise.
Cosmology turned toward the Big Bang Theory because scientists were unable to resolve the problems of the Universe’s ‘gravitational collapse’ and ‘heat death’. As a result, the second cosmological principle was rejected and the influence of gravity on electromagnetic waves, as predicted by the general theory of relativity, was disregarded (e.g. in Hubble’s law).
The Polski Fundusz Rozwoju (PFR) is co-financing the construction of a new intermodal terminal for CLIP Group in Zabrze. The investment, valued at approximately PLN 145 million, is being developed on post-industrial land previously occupied by the Makoszowy coal mine and JSW Koks facilities, with completion scheduled for mid-2026.
czytaj więcejHow to Enter a New Market and Avoid Getting Stuck at the “Online-Only” Stage: The Case of Krayna’s Expansion into Spain
Entering a foreign market is rarely just about having a strong product. More often, success depends on a combination of the right decisions, partnerships, timing, and the ability to seize opportunities when they arise. This was exactly the path taken by Krayna, a Polish producer of vegan cosmetics, which successfully established its presence in the Spanish market.
czytaj więcejThe “Port Polska” investment programme marks a major step forward in strengthening Poland’s economic resilience and industrial potential. The initiative focuses on supporting the development of domestic companies, ensuring security of supply, and creating local jobs, all while increasing the share of Polish involvement in large-scale infrastructure projects.
czytaj więcejDuring the Investor Gala organized by the Polish Investment and Trade Agency (PAIH), the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) announced its decision to establish a Technology Park in Poland.
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