Fiscal policy

Technology will play a central role in the new European Union subsidies package for the 2021-27 period, the Multiannual Financial Framework, which is currently being planned by EU and national authorities.

Greece raised 1.3 billion euros in the last treasury bill auction for 2019 at zero yield, the country's Public Debt Management Agency (PDMA) said on Tuesday in a statement.
The 26-week treasury bills were sold at zero percent compared to a minus 0.02 percent yield in the previous similar auction held on December 4, according to the statement.

Greece's Public Debt Management Agency (PDMA) is expected to raise between 4 and 8 billion euros in 2020, the agency said in a report released Tuesday, adding it will maintain the current level of cash reserves.

PDMA said state funding for next year will focus on the continuous presence in the international debt markets, accompanied by the reduction in debt stock.

The Public Debt Management Agency is targeting more early loan repayments to the International Monetary Fund next year if the interest cost makes financial sense and the country's creditors agree, Kathimerini understands. Its loan strategy for 2020 also includes a significant reduction of treasury bills.

Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, according to a Friday release of the credit ratings and research agency. Romania's Country Ceiling was affirmed at 'BBB+', Short-Term Foreign-Currency IDR affirmed at 'F3' and Short-Term Local-Currency IDR affirmed at 'F3', according to the release.

As European Union growth slows, European commissioners signaled in written answers to EU lawmakers published on Friday their preferred measures to revive the economy, with the commissioner-designate for taxation, Paolo Gentiloni, pushing for fiscal leeway and Commission Vice President Valdis Dombrovskis calling for a "responsible 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.