Fiscal policy
Bulgaria’s Govt Debt at EUR 9.572 B in end-September 2014
Bulgaria's government debt amounted to EUR 9.572 B in end-September 2014, according to Finance Ministry data.
In September, Bulgaria's government debt increased by EUR 85.1 M on the month.
Greece poised to send reform proposals to troika
Greece is due to send by Saturday its proposal on several of the key issues that remain unresolved in its talks with the troika in the hope that this might pave the way for the current program review to be concluded by the Eurogroup on December 8.
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PM Ponta: Romanian Post giving out 2.6 M foodstuff vouchers for deprived persons
Prime Minister Victor Ponta announced on Wednesday that the Romanian Post has already given out 2.6 million vouchers by which the deprived persons will get foodstuffs aid under an European programme.
Fiscal Council: Deficit in 2014 to reach RSD 300bn
Fiscal Council: Deficit in 2014 to reach RSD 300bn
BELGRADE -- The budget revision shows that the actual deficit in 2014 will be RSD 300 billion, rather than the 225 billion provided in the revised budget.
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Disabled citizens protest pension and benefits cuts
Dozens of disabled citizens gathered outside the Labor Ministry in Athens on Tuesday to protest reductions to their benefits and pensions imposed as part of a broader government austerity program.
In a statement, the union representing the country's disabled also requested free medical care for all categories of disabled persons.
Macedonia Opposition Urges Budget Transparency
The opposition Social Democrats, SDSM, urged the government on Sunday to start publishing a so-called ‘civil budget' each year which would be a simplified and more understandable version of the country's annual financial plan.
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Greece to stick close to 2015 budget surplus target, official says
Greece plans to lower its 2015 primary surplus target of 3 percent only marginally, sticking "close to" the number in its budget on Monday, a finance ministry official said on Friday.
The official was responding to reports of a bigger cut to accommodate tax relief measures.
Business, Trade Unions Reject Draft Budget Update
Both business and trade unions in Bulgaria want the draft budget update to be withdrawn, said the head of the Bulgarian Industrial Capital Vasil Velev, quoted by Darik radio.
Representing a common position, Velev defined the proposed update, which includes a deficit of 4% and a new state debt of BGN 4.5 B, as "radical".
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Political clouds over Greece deter bond investors
Investors love affair with low-rated but high-yielding eurozone bonds is starting to wane, as political risks dent faith that the European Central Bank alone will be able to ensure the blocs recovery.
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Fiscal Council: Deficit at 8.5%, public debt at 71% of GDP
BELGRADE - The Fiscal Council of Serbia released on Tuesday that the country's deficit could total RSD 147 billion or around 8.5 percent of the GDP, while the public debt added up to EUR 22.4 billion or around 71 percent of the GDP at the end of August 2014, which constitutes a EUR 1.66 billion increase since the beginning of the year.