Economic history of Italy
Greece will set up a development bank to fund infrastructure projects, start-ups, small businesses and export oriented companies, the government's economic policy council said on Friday.
The Hellenic Development Bank will be a state lender that will complement commercial banks to help fund growth and regional projects.
Interest rates on deposit accounts reached record low levels. In the last month, mortgage interest rates have also been seriously declining according to statistics by the Bulgarian National Bank, published at the end of the week. Economists advise that personal finances should be managed wisely and that money be invested in accessible instruments, BNT reports.
The last three days of July, right up until midnight on Monday, will put the growth trend observed in bank deposits to a major test. The 1-billion-euro rise recorded in June has been augmented this month according to banks, but officials say Monday is the key day, being the deadline for the first tranche of income tax.
Contrary to earlier information that taxpayers would have to pay between 0.25 and 0.50 euros for every payment to the state as of this month if made via bank counters, it emerged on Thursday that the charges banks intend to impose on taxpayers using their counters to pay income tax, single property tax (ENFIA), value-added tax etc, will range between 1.10 and 1.50 euros per transaction.
The state will try to convince taxpayers to avoid paying their dues at bank counters by passing the banks' commission on to them.
Taxpayers who rush at the end of this month to banks in order to pay their value-added tax or income tax will be charged with the handling costs, which the state used to pay to date, ranging between 25 and 50 cents.