News
Belgium's budget deficit rises to 5. 2 per cent of GDP
2+ hour, 20+ min ago (302+ words) Belgium closed last year with a budget deficit of 5. 2 per cent of GDP, the National Accounts Institute (NAI) announced on Monday. The deficit is a "significant deterioration" from 4. 4 per cent in 2024, driven mainly by a worsening situation at the federal…...
Middle East war pushes world economy to the edge of recession, IMF warns
5+ day, 22+ hour ago (393+ words) The International Monetary Fund (IMF) has revised its global growth forecast for this year downward due to the ongoing war in the Middle East. Inflation is also expected to rise as a consequence of the conflict, according to its latest…...
Households feel impact of Middle East conflict on energy bills
2+ week, 5+ day ago (307+ words) As of 1 April, Belgian households on variable energy contracts are paying around 20 per cent more than before the US-Israeli war on Iran began, according to a comparison of tariff cards published by several suppliers. For those on fixed contracts, the…...
National Bank governor warns of potential impact of prolonged Middle East conflict
2+ week, 6+ day ago (230+ words) The governor of the National Bank has warned of the potential impact on Belgium of a protracted conflict in Iran. If the war in the Middle East drags on, "we are truly vulnerable and it would only be a matter…...
Rising energy prices could trigger wage indexation as soon as July
1+ mon, 1+ week ago (296+ words) Rising energy prices could push Belgium's pivot index past its threshold as early as July, according to new inflation forecasts published on Tuesday by the Federal Planning Bureau. If that happens, the salaries and benefits of civil servants would increase…...
Belgian long-term interest rates rise to highest level in 2. 5 years due to Middle East conflict
1+ mon, 1+ week ago (213+ words) belganewsagency. eu Belgian ten-year interest rates rose to 3. 496 per cent on Monday, an increase of 8 basis points and the highest level since October 2023. Higher interest rates normally make borrowing for a home more expensive, and an interest rate rise is…...
Brussels government approves initial budget for 2026
1+ mon, 2+ week ago (253+ words) The Brussels government approved the initial budget for 2026 on Thursday. After estimating expenditure and revenue for 2026, the budget closes with a deficit of 957 million euros. "This is the first concrete step in the budgetary process that should lead to healthy…...
National Bank of Belgium warns budget path remains unsustainable
1+ mon, 2+ week ago (298+ words) Belgium's budget deficit widened further in 2025, reaching an estimated 5. 3 per cent of GDP, while public debt climbed to around 107 per cent of GDP, according to a new report by the National Bank of Belgium (NBB). The bank warns that additional…...
Rigid wage rules slow Belgian economic growth, National Bank says
1+ mon, 2+ week ago (386+ words) Over the past year, the federal government has introduced several structural measures aimed at getting more people into work. The focus should now shift to stimulating sluggish productivity growth, according to the annual report by the National Bank of Belgium…...
Russian central bank challenges indefinite asset freeze before EU court
1+ mon, 2+ week ago (313+ words) Russia's central bank has lodged a case with the General Court of the European Union, challenging the EU's decision to freeze Russian state assets indefinitely. Most of these assets are held by Belgium-based financial services company Euroclear. In a statement,…...