The OECD has issued a warning that poor mental health could lead to significant economic losses for Baltic nations, potentially costing Estonia and Lithuania over 2% of their GDP annually. This highlights the substantial economic impact of mental health issues in the region.
New OECD guidelines clarify that remote work from abroad for an employer does not necessarily create a permanent establishment, meaning the employer may not be liable for income tax in the employee's country of residence.
Transport ministers and senior officials from OECD member countries convened in Leipzig, Germany, to discuss strategies for strengthening the resilience of global transport systems amidst ongoing trade disruptions.
The Organisation for Economic Co-operation and Development (OECD) has published a new report on mental health in the EU, highlighting its growing impact on both health and economic outcomes.
A state-commissioned study suggests South Korea is on track to reduce annual working hours to the OECD average by 2030, but warns that further progress requires broader labor reforms.
Greece has introduced a new reform plan for 2028-2034, developed with the OECD, aiming to boost productivity, increase wages, and integrate technology into small and medium-sized enterprises.
Donald Trump has reportedly instructed his aides to prepare for an extended blockade of Iran, particularly the Strait of Hormuz. He also issued a stern warning to Iran, stating they 'better get smart soon' and that the 'no more Mr. nice guy' approach is over.
An OECD analysis reveals that export restrictions on critical materials have increased fivefold since 2009, impacting global supply chains for defense, technology, and green energy sectors.
Die OECD bescheinigt österreichischen Arbeitnehmern eine außerordentlich hohe Steuerbelastung. Trotzdem will die Regierung ihr Budget weitgehend einkommenseitig sanieren.
The Organisation for Economic Co-operation and Development (OECD) has predicted that the shock from energy prices will negatively impact Italy's economic growth for the next two years. This forecast highlights concerns about the country's economic outlook.
Solar investors in Croatia claim that HERA and HOPS are obstructing their projects, thereby slowing down the energy transition and jeopardizing Croatia's energy security, despite OECD recommendations.
Romania's expenditure on education per student is reported to be among the lowest within the Organisation for Economic Co-operation and Development (OECD) countries.
Irish workers pay less tax than the EU average with rates closer to the US than high-tax EU economies such as Belgium, France and Germany, according to analysis by the OECD.
A survey by the OECD indicates that taxes on workers in Britain increased at the fastest rate among the world's richest economies last year, with the 'tax wedge' rising to 32.4% of income in 2025.
Governments across OECD countries are increasingly relying on labor income as an 'easy' source of revenue, leading to wage taxes hitting a decade high, though this strategy risks undermining incentives for work and hiring.
The OECD and G20 have introduced a new plan aimed at closing real estate loopholes, which will expose untaxed funds, rental income, and capital gains globally. This initiative is expected to impact individuals with international property investments.
A new OECD report reveals the significant societal and economic impact of non-communicable diseases (NCDs) across member states, projecting a 31% increase in cases over the next 25 years.
Portugal shows significant disparities in health outcomes, ranking below the OECD average across various indicators. Women, individuals over 75, those with lower education levels, and poorer populations report worse health results.
South Korea is experiencing the most rapid decline in workforce participation among young men within the OECD, attributed to structural changes including increased female employment and the quick adoption of artificial intelligence.
The OECD reports that global Official Development Assistance (ODA) declined by 23% in 2025, marking the largest decline ever, with Portugal's spending also decreasing by 21% compared to 2024.
Developing countries received a record 23.1% less humanitarian aid last year compared to 2024, according to the OECD, with the decline attributed to cuts made by Donald Trump.
The Organisation for Economic Co-operation and Development (OECD) has urged UK Chancellor Rachel Reeves to overhaul the country's tax system to stimulate economic growth.
New research estimates that Long Covid could cost OECD economies up to $135 billion annually due to reduced productivity and workers leaving the workforce because of long-term illness.
Romania has received its 24th favorable opinion, bringing it closer to the required 25 opinions needed to join the Organisation for Economic Co-operation and Development (OECD). This marks a significant step in its accession process.
Romania's Central Bank Governor Isărescu stated that the country's current national project is OECD accession, which is in its final phase, with the next strategic objective being the adoption of the euro after economic stabilization and fiscal deficit reduction.
The 10th Italian Design Day in the World was celebrated in Istanbul with an immersive journey through iconic Italian design objects, following a similar event at the OECD in Paris, both promoted globally by Italy's diplomatic network.
Ukrainian President Volodymyr Zelenskyy has arrived in Saudi Arabia for unannounced 'important meetings,' kicking off a surprise tour of Gulf States with a defense pitch and offering Ukraine's drone expertise with renewed urgency as the US increasingly focuses on Iran.
The U.S. Postal Service has confirmed its first-ever fuel surcharge on packages, an 8% fee effective April 26 until January 2027, driven by rising oil prices, despite the global oil market being described as 'calm'.
Ο Οργανισμός Οικονομικής Συνεργασίας και Ανάπτυξης (ΟΟΣΑ) ανακοίνωσε σήμερα ότι αναμένει μικρότερη ανάπτυξη και υψηλότερο πληθωρισμό το 2026 λόγω της εκτίναξης των τιμών της ενέργειας που προκλήθηκε…
The OECD has acknowledged Morocco's significant advancements in developing its framework to combat corruption and enhance public sector integrity, despite ongoing implementation challenges.
An OECD report indicates a significant improvement in Greece's position in combating corruption, attributing it to the Greek government's consistent reform efforts that have yielded measurable results and enhanced the country's international standing in public integrity.
OECD recommendations for Hungary's pension system, including raising the retirement age and increasing contributions, were reportedly prepared at the government's request but have since been ignored by the Fidesz administration.
The Organization for Economic Cooperation and Development (OECD) has expressed optimism regarding Austria's economic growth, despite acknowledging a significant question mark.
The OECD has presented reform proposals for Austria's economic recovery, highlighting aging demographics and high housing costs as significant problems that could hinder long-term stability.
A lack of language proficiency is a significant barrier to employment for foreign-born individuals in Finland, according to the OECD. Upcoming budget cuts are described as a 'nightmare' by teachers involved in integration programs.
Greece has for the first time surpassed the OECD average in the organization's 'Digital Government Index,' signaling its establishment among the core digitally mature states and reflecting significant progress in public sector digital transformation.
The OECD has recommended that Romania accelerate fiscal reforms, increase tax revenues, and consider a progressive taxation system, along with eliminating tax breaks and reducing parental leave, to address its budget deficit.
The Organisation for Economic Co-operation and Development (OECD) has warned that Romania's public finances have significantly deteriorated in recent years, creating risks for the long-term sustainability of the state budget and recommending measures for stability.
The two Euorpean banks joined the OECD and Banco de México in raising Mexico's economic oulook for 2026, as President Sheinbaum's public-private approach to investment appears to be paying off.
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Romania has taken another significant step towards joining the OECD, receiving its 22nd approval out of 25, as announced by Secretary of State Luca Niculescu.
Icelandic ministers are advocating for improved integration of skilled immigrants, citing OECD data that shows 40% of university-educated immigrants are employed in roles that do not match their qualifications.
Rui Moreira, despite being older than the typical age limit, is exempt from it for his role as ambassador to the OECD due to an exceptional appointment, while Manuel Lobo Antunes leaves the position for exceeding the age limit.
Türkiye is noted for its low public debt and strategic gold reserves within the OECD, amidst global debates on debt sustainability and rising gold prices.
Spain is falling behind in the internationalization of its universities, with only 20 campuses attracting 60% of foreign students, growing slower than the global average and ranking low among OECD countries.
Senate President Mircea Abrudean stated that Romania's accession to the OECD is the country's most important objective, emphasizing that it is non-negotiable and enjoys cross-party support, with Parliament playing a key role in promoting it.
An opinion piece argues that André Ventura lacks understanding of social security, contrasting his views with the OECD's defense of opening social security systems to capitalization evidence.
A recent report indicates that reading comprehension among schoolchildren in Iceland has declined more rapidly than in other OECD countries, raising concerns among educators and researchers.
A report indicates that children in Iceland are falling behind in reading comprehension, with Icelandic students approximately two school years behind their peers in other OECD countries on average.
An opinion piece argues that Portugal does not require a labor reform based on selectively chosen rankings, suggesting that if the OECD is involved, it should be through a comprehensive approach.
Latvijas Banka, in cooperation with the Bank of Lithuania (Lietuvos bankas), the Organisation for Economic Co-operation and Development (OECD), and the European Commission, is developing an action plan in an international project...
The Organisation for Economic Co-operation and Development (OECD) has forecast that South Korea's potential economic growth rate will decline to a record low of approximately 1.5% by late 2027. This projection highlights concerns about the country's long-term economic outlook.
Greek Minister K. Hatzidakis announced a collaboration with the OECD, the Bank of Greece, and IOBE to design Greece's economic and social policy reforms in six key areas for the coming years.
The technical review process for Indonesia's accession to the Organisation for Economic Co-operation and Development (OECD) is scheduled to resume in July.
Portugal's Education Minister, Fernando Alexandre, expressed concern over the impending retirement of thousands of teachers annually, which threatens to undermine the country's high pedagogical knowledge ranking by the OECD.
A new report reveals that the tax burden on labor in OECD countries has reached its highest level in a decade, leading to increased costs for employers and reduced net income for employees, with projections extending to 2025.
A high-level strategic dialogue of the Anti-Corruption Network (ACN) of Eastern Europe and Central Asia, organized by the Special Investigation Service (STT) and OECD, took place in Vilnius this week. The meeting brought together anti-corruption leaders.
A report indicates that effective tax rates have increased on average for eight household categories across OECD countries in 2025, alongside rising salaries.
The OECD has warned that real incomes in Spain are declining as the tax burden on employment is increasing faster than wages. This trend indicates a loss of purchasing power for Spanish citizens.
According to the OECD, Greece is among the world's leaders in the digital transformation of education, noting significant progress and investment while also highlighting challenges in implementation and access.
The Organisation for Economic Co-operation and Development (OECD) has warned that cases of chronic diseases are expected to surge dramatically in the coming decades.
An OECD report indicates that Portugal's employment rate is projected to reach 74.4% by the fourth quarter of 2025, placing it among the higher-performing countries within the organization.
A new OECD report indicates that the rise in obesity is undermining public health efforts and eclipsing progress made since 2010, contributing to increased rates of diabetes, cancer, and cardiovascular diseases.
An OECD report has identified low productivity as a persistent and significant issue for the Greek economy, hindering its overall growth and competitiveness.
The OECD has recommended that Portugal reduce taxes on lower-wage workers, noting that the country's economic performance continues to lag behind more advanced economies.
The Organization for Economic Cooperation and Development (OECD) has warned that Italy will face increased difficulty in fiscal consolidation in the coming years, citing tensions related to defense spending, pensions, and climate.
A new report indicates that the economic impact of Long-Covid could cost OECD countries, including Ireland, over €115 billion per year for the next decade due to long-term illness suffered by infected individuals.
Despite a slight decrease last year, South Koreans continue to visit clinics about three times more frequently than the average across developed economies, according to government data.
A Federal High Court in Abuja has dismissed a request to prevent Senator Ireti Kingibe from participating in the African Democratic Congress (ADC) due to alleged anti-party activities, ruling that she must be properly notified, while separately, Sweden is noted as the only OECD country to have dismantled a core pillar of its state administration.
BNR Governor Mugur Isărescu and President Nicușor Dan delivered speeches at The Economist Romania Government Roundtable 2026, discussing sustainable growth, economic imbalances, Romania's OECD membership, and Eurozone integration.
Inga Sæland, Iceland's Minister of Education and Children's Affairs, has proposed extending school days and the academic year for Icelandic students, citing high per-student spending, below-average academic performance, and low teacher teaching obligations compared to OECD averages.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
The OECD has kept its global economic growth forecast at 2.9% for the year, stating that the economic benefits from AI-related investments are being offset by rising energy prices due to the situation in Iran.
The OECD has reduced its estimates for Italy's economic growth, forecasting a 0.4% rise in GDP for 2026 and 0.6% for 2027 in its latest Economic Outlook report.
According to the OECD's 2026 anti-corruption and transparency report, Lithuania and Latvia have been recognized as leading countries, achieving the highest positions for their implementation of transparency requirements.
The OECD has observed a persistent discrepancy between the objectives of anti-corruption laws and the actual outcomes of their implementation, noting that key sectors like public-private partnerships, healthcare, education, and defense remain outside the focus of these laws.
The Croatian Ministry announced that young people in Croatia are demonstrating a high level of knowledge regarding financial topics, with the country reaching the OECD average in financial literacy.
The Organisation for Economic Co-operation and Development (OECD) has become more optimistic about Austria's economic growth, forecasting a GDP increase for 2026 in its latest country report.
The OECD presented its new economic report for Austria, noting a slight economic recovery in 2025 after two years of declining performance, with the Middle East conflict posing a risk.
Romania's Ministry of Finance has obtained the third and final formal approval required for the country's accession process to the Organisation for Economic Co-operation and Development (OECD), marking a significant step forward.
In a new pre-accession report, the OECD has urged Romania to reduce its budget deficit and implement structural reforms as part of its efforts towards accession.
The OECD has warned that Romania's public finances have significantly deteriorated and called for sustained efforts to substantially reduce the deficit, despite fiscal consolidation measures planned for 2025. This warning was issued in its latest economic report presented to the government.
Increasingly, cities worldwide are redefining their design and operation through technology, leading to the concept of 'smart cities'. Projections from the OECD indicate that over 70% of the global population will reside in urban areas by 2050.
South Korean women continue to face significant structural barriers, including one of the widest gender pay gaps among OECD members, despite the nation's rapid modernization.
A report highlights that Portuguese citizens are among the highest consumers of antidepressants and the leading consumers of anxiolytics within OECD countries, second only to Icelanders in antidepressant use.
The OECD estimates that G20 trade in goods and services expanded modestly in the fourth quarter of 2025, with exports and imports increasing by 1.4% and 1.2% respectively.
The OECD's AI Incidents and Hazard Monitor has reported a significant increase in AI content 'incidents,' highlighting a growing threat in the digital age.
A Portuguese article refutes the claim by Paulo Núncio that Portugal has the second most rigid labor legislation among 38 countries, clarifying that an OECD report cited does not support this assertion.
Italy’s Permanent Representations to the OECD and UNESCO celebrated Italian Research Day in the World with an event in Paris, honoring Federico Faggin, dubbed 'the man who saw the future'.
Mircea Abrudean, President of the Senate, announced that the National Liberal Party (PNL) will continue to support PNRR milestones, economic recovery, and Romania's OECD accession from opposition. He emphasized that the party will not endorse irresponsible decisions.
The OECD warns that Zimbabwe's position in the global lithium market is under threat as international competition for the critical mineral intensifies.
Investments in research and development (R&D) are recognized globally and within the European Union as key drivers of innovation and economic growth, with reports from the World Bank and OECD indicating a clear upward trend.
Morocco and Türkiye co-chaired the Organization for Economic Cooperation and Development (OECD) Forum on Critical Minerals, held in Istanbul on April 28 and 29, 2026, under the theme "Unlocking Investment and Growth through Partnership."
The Philippines is recognized as a strong performer in pension coverage across Asia, according to OECD data, indicating more workers are entering formal social protection. However, concerns about the long-term viability of the pension system persist.
Financial education initiatives are credited with increasing GDP by 0.3%, with CaixaBank being highlighted by the OECD as a model banking institution for its comprehensive financial literacy programs.
The Polytechnic Institute of Viana do Castelo has launched a new project aimed at training teachers, in partnership with the OECD and EduQA. The program will analyze the opportunities and challenges p
Indonesia's technical review process for accession to the Organisation for Economic Co-operation and Development (OECD) is scheduled to resume in July.
The OECD minimum tax has brought less revenue to Switzerland than anticipated, according to tax experts from Deloitte, who describe it as high effort for low return with questionable incentives.
An OECD study reveals that Portuguese teachers are among the best-trained globally, with the Education Minister expressing surprise at the consistently high quality across the country.
The OECD estimates that the tax burden on labor has increased across its member countries, but Portugal has once again proven to be an exception, with the difference between employer cost and net worker income decreasing for the second consecutive year in 2025.
OECD Secretary-General Matthias Cormann stated that the ongoing conflict in Iran and the wider region is expected to burden Eurozone growth by 0.8% in 2026, though Greece is in a "position of relative strength."
The total tax burden on wages, encompassing income tax and social security contributions for employees and employers, decreased in Greece for 2025, contrasting with an increase observed across OECD countries, according to a new report.
An OECD report indicates a decrease in the total tax burden on wages in Greece for 2025, while Austria remains among the top countries for wage deductions. The findings highlight differing fiscal policies and their impact on workers' earnings across member states.
A new OECD report highlights that long COVID remains a significant economic challenge, costing billions, in addition to being a burden on healthcare systems. The report details the extensive financial consequences of the condition.
The US healthcare system is highlighted as a paradox, with many Americans facing financial ruin due to expensive health insurance. The country spends significantly more on healthcare than other OECD members but lacks universal coverage.
A new OECD study estimates that long Covid could cost developed countries up to $135 billion annually over the next decade, primarily due to its impact on productivity and labor market participation.
The OECD reports a significant global decline in foreign aid from governments, warning that this belt-tightening will lead to hundreds of thousands of preventable deaths. Australia is noted as being low on the list of aid contributors.
International development aid experienced a 'historic decline' of 23.1% in real terms in 2025, according to the OECD, attributing the drop to a significant withdrawal of US support amidst budgetary and geopolitical tensions.
The development aid organization Oxfam has criticized wealthy OECD countries for cutting aid, warning that such reductions could lead to millions of deaths in the Global South.
The OECD has identified a "large investment backlog" in Germany and is urging the country to undertake comprehensive reforms, noting that artificial intelligence could be helpful but is not a guaranteed solution.
The OECD has cautioned that Italy will face increasing challenges in balancing its budget in the coming years due to rising expenses related to defense, pensions, and climate change, alongside significant public investment needs.
An estimated 4,000 people in Luxembourg suffer from Long Covid, according to a new OECD study, which also indicates that the Grand Duchy's healthcare provision for the condition is comparatively good.
Thanos Petralias stated that the OECD report highlights the significant progress made in Greece's reforms over recent years, particularly in fiscal policy and performance budgeting.
Romania is close to joining the Organisation for Economic Co-operation and Development (OECD), a process Foreign Affairs Minister Oana Țoiu described as "transformative" for the country.
Preşedintele Nicuşor Dan a declarat, luni, la prima ediţie a Economist Romania Government Roundtable 2026, că integrarea în zona euro trebuie să fie un obiectiv pentru România şi a explicat că eşti…
The ongoing energy crisis in the UK is dealing a blow to hopes for a consumer revival, with surveys showing growing pessimism and the OECD forecasting the biggest hit to growth in the G20.
The Middle East conflict continues to impact the global economy, leading to potential stagflation, rising mortgage rates in the US, and lower Wall Street trading. South Korea has implemented a 12-step plan to reduce energy consumption due to surging oil prices, while Europe faces a potential gas price explosion if LNG imports from Qatar remain halted, and global fuel prices are causing concern in places like Manila.
Donald Trump has expressed doubt about a deal with Iran, despite claiming Tehran is eager to negotiate, as the US-Israeli war escalates. This comes as Trump's self-imposed deadline on Iran approaches, with markets showing little reaction and Iran having rejected a US-proposed plan.
Two people were killed and three injured in Abu Dhabi after a drone was intercepted, with falling debris causing the casualties, as authorities confirmed fallen debris from an intercepted Iranian missile killed at least two people amid a new wave of attacks on Gulf countries.
Professor Amath Ndiaye has raised an alarm regarding the 'weakening of Senegal's credibility' after the country was classified as risk category 7 by the OECD.
The Reserve Bank's chief economist stated that New Zealand faces high costs for construction, utilities, and some food items, ranking among the most expensive in the OECD.
An international report by the OECD criticizes Austria's social housing policy, suggesting that the country should more closely examine whether social housing truly benefits those in need, as too many wealthy individuals may be utilizing it.
Cyprus is participating in Global Money Week 2026, an OECD-backed initiative to help youth build financial skills. Latvia is also marking the international financial literacy week with a live discussion titled 'From Small Sums to Investments,' organized by the Financial Education Society in collaboration with Nasdaq Riga.
Greece has for the first time achieved a performance above the OECD average in the Digital Government Index (DGI), reflecting the significant progress made in its digital governance and establishing itself among the digitally mature states.
An OECD report published Monday indicates that Romania faces an accumulation of financially distressed companies, with its insolvency system failing to resolve problems efficiently, leading to up to 25% of firms being classified as 'zombie companies'. This follows earlier statements by the OECD Secretary-General on integrating Romanian firms into global chains for economic growth.
Romanian Finance Minister Alexandru Nazare stated that the country's accession to the OECD will significantly reduce financing costs and attract additional investments, as highlighted during the launch of the OECD's Economic Survey 2026 for Romania.
Professor Amath Ndiaye has raised an alarm regarding the 'weakening of Senegal's credibility' after the country was classified as risk category 7 by the OECD.
New data from the OECD's Affordable Housing Database highlights the critical state of housing affordability in Greece, emphasizing the need for policy interventions to ensure economic stability and social cohesion.
Mexico's central bank and one of the world's leading economic organizations raised their 2026 GDP growth forecast to 1.6% and 1.4% respectively, offering cautious optimism after Mexico's sluggish 2025 performance
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Romania has obtained its 21st approval for accession to the Organisation for Economic Co-operation and Development (OECD), with 25 approvals necessary for full membership.
The German economy showed a 0.3% expansion after a quarter of zero growth, indicating a slight recovery by the end of the year, despite an overall slowdown in growth among OECD member countries.
(ANSA) - PARIGI, 20 FEB - 'In an era of uncertainty, what tools can best be used to navigate future challenges?': this was the theme of the meeting at the Consulate General of Italy in Paris between senior OECD officials and around 100 Italian university students living in the French capital. Promoted by Consul General Jacopo Albergoni, in collaboration with the Permanent Representation of Italy to International Organizations and the Italian university student association UIS (United Italian Societies), the meeting, moderated by ANSA, allowed for an exchange on current issues such as artificial intelligence (AI), demographic aging, and the necessary adaptations of labor markets. "The role played by the OECD as a platform for multilateral cooperation and coordination is more important than ever," said OECD Deputy Secretary-General Fabrizia Lapecorella, addressing the hundred or so students welcomed at the Consulate. "Dialogue on economic policies and the definition of shared and internationally recognized standards," she added, "guide the policies of member countries and partners in navigating uncertainty." The initiative is part of the Italian Consulate in Paris's desire to support "young compatriots engaged in their path of growth and integration into the world of work, while promoting Italian know-how and Made in Italy and the role of Italians in Parisian international organizations." In France, "there are many young Italians and Italian speakers who study and embark on prestigious professional careers, thanks to their skills and a particularly appreciated approach to work," said Angelica Salvi Del Pero, Senior Advisor at the OECD and expert in Labor, Social Affairs, and Employment, illustrating the challenges associated with changes in the labor market.
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