Ministry of Finance

LONDON - A Serbian delegation comprised of National Bank of Serbia (NBS) and Ministry of Finance officials met with 75 investors at the Frontier Markets Conference, hosted by JP Morgan in London.

With 207 votes "for", none against and no abstentions, the National Assembly adopted the additional budget extension with the proposed editorial proposals.

BELGRADE - Serbia registered a 34 bln dinar budget deficit between January and April 2023, which is 55.7 bln dinars better than the planned 89.7 bln dinars, the Ministry of Finance has announced.

Revenues totalled 562.4 bln dinars, while expenditures amounted to 596.4 bln dinars.

A 5.4 bln dinar deficit was registered in April, it said in a statement.

The Budget Committee of the Parliament adopted a decision to extend the current Law on the State Budget. The decision is to be voted on in the plenary hall. It is expected that there will be a second reading of the project so that the deputies can submit their proposals.

Cyprus' Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline and a suspension of the obligation to file tax returns for individuals with a taxable income below 19,500 euros.

BELGRADE - Serbian Finance Minister Sinisa Mali met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Wednesday to inform him of Serbia's macroeconomic performance, noting that the country was the region's dominant economy.

"Bulgaria is on the final stretch on the road to the Eurozone". This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro.

The Ministry of Finance, banks and funds are discussing changes to the basic terms of the out-of-court settlement, which will lead to the cancellation of debts for more debtors.

If after June 10 there is no adopted budget for the year or a new extension of last year's budget, the state will only be able to spend as much as it collects. This becomes clear in the response of the Bulgarian Ministry of Finance after a question from the National Radio whether, in the worst case scenario, there will be funds for pensions and salaries in the public sector.

The Bulgarian National Bank (BNB) has no formal basis and has not suspended the technical work on the adoption of the euro. It is being carried out on schedule and within the bank's budget for 2023, the press center of the Bulgarian National Bank said regarding political comments that the process of joining the Eurozone should be stopped.