COGNICURRENT

Iraq has declared a state of force majeure on all oil fields operated by foreign companies amid disruptions in the Strait of Hormuz, impacting its oil exports and public revenues.

The U.S. decision to ease sanctions on Russian oil exports could generate an additional $150 million daily for the Russian state, significantly impacting the war efforts.

Petoro reported a cash flow of 243 billion kroner from the gas and oil sector in 2025, marking a significant increase attributed to higher gas prices and tariff revenues.

The Finnish Prime Minister's party Kokoomus proposes replacing inheritance tax with capital gains tax, but the finance minister rejects the idea, arguing it could significantly decrease state tax revenues.

The State of Mexico collected over 4 billion pesos in vehicle obligation revenues in the first two months of 2026, exceeding initial projections by 27%.

The article discusses Norway's current crisis characterized by insecurity and uncertain prospects, heavily influenced by ongoing wars in Europe and the Middle East, thereby affecting the global economy and Norway's reliance on investment rather than traditional oil revenues.

Russia's oil and gas revenues have decreased nearly by half in the first two months of the year, with the budget deficit rising sharply as state expenditures remain high.

The Vice Governor of the Czech National Bank, Eva Zamrazilová, warns about the rising debt of the Czech Republic, which is set to exceed state revenues by 310 billion korunas this year.

Poland has implemented a new 30% tax rate on banks, expected to significantly increase state budget revenues, with gradual reductions planned for future years.

Donald Trump's State of the Union address is eagerly anticipated as it comes amidst significant domestic and international challenges for him.

The article discusses the deteriorating state of the Russian economy and living standards after four years of conflict, highlighting significant budget deficits and declining oil and gas revenues.

Democratic Governor JB Pritzker of Illinois claims that the White House owes each family in the state 10,770 kroner due to illegal tariff revenues as ruled by the U.S. Supreme Court.

As of January 2026, Poland's state budget reports a deficit of 3.7 billion zlotys, reflecting a 1.4% realization of the annual budget limit.

Slovakia's tax revenues are projected to be 600 million euros lower than budgeted, largely due to weaker economic growth and declining wage increases.

In January, Russia's state budget deficit reached 1.718 trillion rubles, nearly half of the annual deficit target, primarily due to a sharp decline in energy revenues.

Russia's economy is facing serious problems as state revenues plummet due to low oil prices and lack of interest from India, with budget deficits potentially tripling forecasts by 2026.

Despite a reported increase in tax revenues exceeding 20 billion euros, concerns remain regarding the efficiency and effectiveness of tax collection in the previous year.

Despite increased tax revenues exceeding 20 billion euros, there is disappointment regarding the effectiveness of tax collection measures in the previous year.

The Brazilian National Treasury reported a fiscal deficit despite accounting for a surplus in revenues over expenditures, raising concerns about the real financial state under the Lula administration.

Finance Minister Anton Siluanov has proposed lifting the ban on online casinos in Russia to increase state revenues amid rising costs associated with the war in Ukraine.

Russia's oil and gas revenues dropped to their lowest level in five years in 2025, due to falling crude oil prices and declining gas exports, with state budget revenue decreasing by 24% compared to 2024.

In 2025, the implementation of digital tools led to an additional 2.5 billion euros in tax revenues, totaling 74.2 billion euros for the year.

Donald Trump has signed an emergency decree to provide special protection for Venezuelan assets, including oil revenues, located in the U.S., by creating a state-owned deposit fund controlled by the U.S. government.

Czech Prime Minister Andrej Babiš is transferring his entire Agrofert conglomerate to an independent trust fund amid concerns over state subsidies and potential conflicts of interest.

The German state is collecting record tax revenues but is still amassing an unprecedented debt pile, leading to debates about reallocating funds meant for infrastructure improvements to cover planned expenditures.

The Greek state budget recorded a primary surplus of 12.7 billion euros for the January-November 2025 period, with net revenues of 68.8 billion euros exceeding targets primarily due to VAT and income tax.

Greece's state budget reports a primary surplus of €12.7 billion for the January-November 2025 period, with tax revenues exceeding targets by €2.3 billion due to higher VAT and income tax collections.