Fiscal policy

VAT to increase if savings measures prove unsuccessful

BELGRADE - VAT may increase by three to four percent in Serbia in case savings measures do not produce the expected effects, economic experts said on Thursday.

The Serbian government announced only the 2015 savings programme with plans for budget deficit reduction by EUR 700 million, professor of the Belgrade Faculty of Economics Milojko Arsic said.

Vulin: Tough, but only solution

BELGRADE - The measures presented by Prime Minister Aleksandar Vucic had been expected and are a tough, but also the only solution that can enable citizens to live better from 2016, Serbian Minister of Labour, Employment, Veteran and Social Affairs Aleksandar Vulin said on Friday.

Yield eases in fresh Greek T-bill sale

Greece sold 1.3 billion euros of three-month treasury bills on Tuesday to roll over a maturing issue, the Public Debt Management Agency said.

The T-bills were priced to yield 1.70 percent, down five basis points from a previous sale in August – the lowest funding cost since January 2010, when the debt agency sold three-month treasury paper at 1.67 percent.

PM eyes relief from austerity, post-memorandum plan

Opening the annual Thessaloniki International Fair (TIF) on Saturday, Prime Minister Antonis Samaras is expected to announce a series of tax breaks as well as a long-term growth plan in a bid to win round austerity-weary citizens and boost the fortunes of his coalition government as the leftist opposition remains intent on forcing early elections.

Pages