Fiscal policy

Bucharest Mayor Dan: Two billion RON, Bucharest's debt as of this moment

The mayor of Bucharest, Nicusor Dan, declared on Monday that the debt of the capital as of this moment goes up to 2 billion RON, although when he took upon his 4-year term, the debt was 3 billion RON. "We have debts that result from court decisions: 430 million RON, of which Constanda - 375 million RON; Law School and colleges - 25 million RON.

Committee to discuss new corona crisis stimulus bill

Ljubljana – The parliamentary Labour Committee is expected to approve the new coronavirus crisis stimulus bill on Monday. The government-proposed bill brings EUR 320 million in aid, with employers eagerly awaiting the extension of the furlough subsidy scheme and partial cover of new expenses arising with the increase in minimum pay.

Greece mandates investment banks for new 10-year bond issue

Greece mandated investment banks Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank to jointly lead manage the issue of a new 10-year bond, its debt agency (PDMA) said on Tuesday.

"The syndicated transaction will be launched in the near future, subject to market conditions," the debt agency said without providing details on the size of the issue.

Greece raises 2 bln euros through private placement with domestic banks

Greece raised 2 billion euros ($2.43 billion) by reopening a 30-year bond through a private placement with two Greek banks, according to the official government gazette, the first borrowing action for 2021.

National Bank of Greece and Piraeus Bank participated in the transaction. The Greek debt agency issued a 30-year bond last year through a private placement.

Citu: Holiday vouchers of 1,450 lei to be granted to public-sector employees in 2021

Bucharest, Dec 30 /Agerpres/ - Prime Minister Florin Citu announced on Wednesday that in 2021 holiday vouchers in the amount of 1,450 lei will be granted to public-sector employees, this measure being included in the emergency ordinance on fiscal measures initiated by the Ministry of Finance.

PM Citu: We will build 2021 budget with deficit of 7pct of GDP

Prime Minister Florin Citu said on Monday that the 2021 budget will be built with a deficit of 7 per cent of GDP, which shows the commitment to fiscal consolidation, noting that it is a budget that does not put a brake on the economy. "We have already seen discussions in the public space and we need to clarify for next year's budget what measures remain and how they will be extended.

Pages