Economies

Greece's current account deficit recorded an increase of 120.7 million euros year‑on‑year and stood at €1.8 billion in April, but fell €3 billion to stand at €5.6 billion in the January-April period, the Bank of Greece said on Tuesday.

Why do most tax revenues in Greece come from indirect taxes? Because the state collects more tax from a 150-euro supermarket receipt than it does annually from 3.2 million households.

Out of a total of 9 million taxpayers, 800,000 pay two thirds of the taxes. Salary workers and pensioners declare 72% of total income and pay 65% of taxes.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2782 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

The tax administration will target the expenditure declared by the self-employed and freelancers, with the aim of reducing tax evasion and increasing their taxable income.

According to Finance Ministry data, the self-employed have a gross income of 35-40 billion euros per year, while their taxable income is less than 10 times that as it does not exceed €4 billion.

The Turkish private sector's total outstanding loans received from abroad stood at $158 billion as of March, decreasing by $1.2 billion from the end of 2022.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2758 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.

The dinar is up by 0.1 pct against the euro m-o-m and by 0.3 pct y-o-y.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2847 dinars for one euro on Thursday, which is a slight change from Wednesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.3 pct y-o-y.

Tax revenue significantly surpassed targets in the first quarter of 2023, the Finance Ministry said on Wednesday.

In a report on the budget execution on an amended cash basis for January-March, the ministry said that tax revenue totaled €13.68 billion in the three-month period, up 12.4% from budget targets, helping the state budget to record a primary surplus of around €3 billion.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2871 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.4 pct y-o-y.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2783 dinars for one euro on Tuesday, which is a slight change from Thursday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.4 pct y-o-y.

The dinar's indicative exchange rate against the dollar is down by 0.5 pct to 107.2406 dinars for one dollar.