Finance Ministry
Staikouras discusses road and railroad links with Bulgarian officials
Road and railroad connections were the focus of bilateral contacts between Infastructure and Transport Minister Christos Staikouras and his Bulgarian officials during a visit to Sofia on Monday.
Budget deficit in 2023 less-than gov’t forecast
The central government budget produced a deficit of 1.37 trillion Turkish Liras in 2023 that is less than the government had initially projected in the medium-term program.
The government had anticipated a budget deficit of 1.63 trillion liras or 6.4 percent of an estimated GDP in 2023.
In 2022, the budget deficit was 142.7 billion liras.
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Greek economy received public investments worth 11.2 billion euros in 2023
The Greek economy recorded a dynamic growth in 2023 helped by the execution of a Public Investment Program worth 11.2 billion euros, up 176 million compared with 2022, the Finance Ministry said in a report on Wednesday.
Settling asset encroachment
In the first two months of the year the digital platform will be ready for the submission of applications for the acquisition of encroached state land, according to the National Economy and Finance Ministry.
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Cypriot brokerage caught up in French probe denies Prigozhin ties
A Cypriot brokerage firm caught up in an investigation by French prosecutors probing financial transfers possibly tied to Yevgeny Prigozhin on Wednesday denied it had ever had direct relations with the late Wagner mercenary chief.
Turkish financial system complies with int'l obligations: Ministry
The Turkish financial system operates in full compliance with international obligations, the Treasury and Finance Ministry has said in a statement in response to allegations in a recent New York Times article.
Cyprus applies for more recovery cash
Acting Permanent Secretary of DG Growth at the Cypriot Finance Ministry Andreas Zachariades said on Thursday that as of Friday, Cyprus will be among the first 10 European Union member-states to have submitted a third payment request from the Recovery and Resilience Mechanism of the EU.
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TSKB obtains $155 mln World Bank loan for Green Fund
The Industrial Development Bank of Türkiye (TSKB) has announced that it obtained a $155 million loan from the World Bank, with the guarantee of the Treasury and Finance Ministry, to establish the Türkiye Green Fund.
Reweighting taxable assets
The National Economy and Finance Ministry has set up a committee to reform the system for the arbitrary determination of taxpayers' incomes through counting their property assets - known in Greek as "tekmiria" - planning for their average reduction by 30% in taxable value terms, as the government's pre-election program dictated.
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Four modifications to tax bill
The tax bill was passed by the plenary of the Parliament on Thursday, which means that professionals will be taxed for the year 2023 in a presumptive manner.
The minimum presumptive amount comes to 10,920 euros, which after 12 years of operation can rise to €14,196.
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