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.
Tourist vouchers not to be expanded to other services
Ljubljana – The Economy Ministry is not considering expanding the services for which tourist vouchers, a type of state aid for tourism amid the epidemic, can be used, despite calls to expand them beyond bed and breakfast to include various attractions, hospitality services, or tickets.
Fitch: Budget balance to convince market
The European Central Bank may be one of the strongest allies of Greece in this crisis, but the anticipated conclusion of the PEPP program is not expected to put Greek bonds at risk, as until then the sustainability of the country's public finances will have improved further, Fitch Ratings analysts told Kathimerini.
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Fixed spending subsidy for firms in spring
The Finance Ministry will endow the subsidy program for enterprises' fixed spending with over 400 million euros, making it a support instrument for the professionals hit hardest by the pandemic that will also undo some injustices.
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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 taps bond markets achieving record-low yield
Greece has raised 3.5 billion euros ($4.2 billion) at a record-low interest rate through a 10-year bond issue, the first of 2021.
Finance Minister Christos Staikouras said the yield at Wednesday's auction was 0.8%, while demand for the bond was "very high."
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.