Fiscal policy

The European Commission will send a new invitation to apply for WiFi4EU vouchers to build wireless internet networks in public places, including mayoralties, public libraries, museums, parks and squares, on September 19 at 14:00 Bulgarian time. 

The call for applications opens on 19/09/2019 at 13:00 (CEST). You can apply until 20/09/2019 at 17:00 (Central European Summer Time).

Moody's Investors Service raised the outlook for Bulgaria's credit rating to positive from stable and affirmed the country's long-term foreign and local currency Baa2 rating. This was announced by the finance ministry.

The state's debts to companies and individuals have remained relatively stable since the end of 2018, despite warnings from the country's creditors.
State debts are around 2.2 billion euros and it now appears that state suppliers will not be paid off by the end of the year, as the current government has promised.

The social toxicity of gambling has been known to us nearly as long as the existence of contemporary societies.

Debt in the Central Government subsector increased by EUR 126 million by the end of June compared to May, according to the Ministry of Finance.

The amount also accounts for the first two issues of government securities that the ministry has placed in order to provide resources for F16 fighter planes.

Main credit challenges facing Romania include the expansionary fiscal policy stance and deteriorating current account balance, according to the findings of a Moody's Investors Service annual report, which predicts real GDP growth of 3.3pct in 2019 and 3.5pct in 2020 backed by resilient domestic demand.

France will ask the European Commission to bring forward the payment of 1 billion euros ($1.12 billion) of subsidies to help farmers cope with a hot spell that hurt crops and pasture, with more damage feared this week, the farm minister said on July 22.

It is evident from a series of public statements that the new government is viewed positively by the representatives of Greece's creditors and European partners as they expect better cooperation and more steadfast reform policies.

Nevertheless, the first positive signals do mean that creditors are prepared to change the basic targets of economic policy.

The government hailed Tuesday's seven-year bond issue as a vote of confidence in Greece's growth prospects, after the country's third market foray this year was more than five times oversubscribed and attracted significant interest from long-term investors.

There will be room for changes to Greece's fiscal policy on the condition that targets are achieved, was the message reportedly conveyed by European Stability Mechanism (ESM) Managing Director Klaus Regling to Greece's new Finance Minister Christos Staikouras during their meeting Monday in Athens.