Economies

Brussels – At a meeting chaired by Slovenian Finance Minister Andrej Šircelj in Brussels on Tuesday, EU finance ministers reached political consensus to upgrade the EU rules on reduced VAT rates, updating the list of goods and services for which reduced rates or exemptions are allowed.

The European Bank for Reconstruction and Development (EBRD) is extending a new Turkish Lira-denominated long-term loan equivalent to $110 million to Enerjisa Enerji, one of Turkey's largest utilities, according to statements released on Nov. 30. 

Turkish central government's gross debt stock totaled almost 2.27 trillion Turkish liras ($200 billion) at the end of October, official figures showed on Nov. 22.

The Treasury and Finance Ministry's data showed that the figure was up 4.1% from the previous month.

Twitter users have decided that entrepreneur Elon Musk will sell 10% of his shares in Tesla. This was done through a poll published by him, in which he stated that he would take the step if Twitter approved, and would take into account the results of the poll, whatever they may be.

More than 3.5 million people voted, and almost 58% of them answered "yes".

Pressure eases on lira after Turkey president retreats over envoys’ expulsion threat

The Turkish central government's gross debt stock amounted to 2.18 trillion Turkish liras ($246 billion) at the end of September, official figures showed on Oct. 20. 

The Treasury and Finance Ministry's data showed that the figure was up by 17.2% versus the end of September last year.


58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data during the event was presented by Anastas Stefanov, manager of Trend Agency.

A trillion dollar coin could be created by the US Minister of Finance and deposited into the account of the US Central Bank to repay an equivalent share of US debt. In full impasse on the debt ceiling, the idea, considered far-fetched, is evoked by elected officials and on social networks.

The balance of the non-governmental credits granted by credit institutions has increased, in August 2021, by 1 pct over July 2021 (0.8 percent in real terms), up to the level of 309.7 billion RON, according to data published by the National Bank of Romania, published on Thursday.

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