Ministry of Finance

The Ministry of Finance is considering a plan – The platform for road taxes is scheduled to open for every month

Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels. The debt stood at 22.3 billion euros by the end of 2023, showing a slight decrease from €22.4 billion in September of the same year. Notably, the debt had reached €23.8 billion last June.

Acting Prime Minister Dimitar Glavchev has issued orders appointing nine new deputy ministers across six ministries. Among the notable changes is the appointment of Alexander Yolovski, former Minister of e-Governance, as deputy minister, marking a pivotal moment in the ongoing restructuring of governmental roles.

The Cypriot Ministry of Finance stated on Monday that there are currently no risks to the Cypriot economy from regional developments.

However, it emphasized its readiness to closely monitor the situation and take necessary actions and measures, following an extraordinary meeting convened by Minister Makis Keravnos in the morning.
 
 
 
 
 
 

BELGRADE - Between January and February this year, Serbia saw a 5.3 bln dinar budget surplus, which is 52 bln dinars better than a planned 46.7 bln deficit.

According to figures released by the Ministry of Finance, a 24.9 bln dinar deficit was registered in February alone.

In February 2024, revenues totalled 158.6 bln dinars, while expenditures amounted to 183.5 bln dinars.

BELGRADE - Serbia's public debt rose by 26.3 bln dinars to 4,268.1 bln dinars (36.4 bln euros) in February, accounting for 47.8 pct of GDP.

According to figures released by the Public Debt Administration of the Serbian Ministry of Finance, foreign currencies accounted for 77.7 pct of the total public debt at end-February.

Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.

The Ministry of Finance in Bulgaria has revised its inflation predictions for the year 2024, slashing them by half compared to previous estimates. According to the department's spring macroeconomic forecast, the average annual inflation rate is anticipated to drop to 2.4%, with further deceleration to 2.3% by year-end.

After many decades of endless queues, frustration and bickering, the end of the tax office - at least as we know it - has come.

The main idea of the overhaul is to limit face-to-face transactions between tax officers and taxpayers unless necessary, with most procedures being conducted online.

As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency.