Fiscal sustainability

The European Commission considers the period between 2025 and 2034 to be high-risk and critical for the sustainability of the Greek debt, after which, if it is overcome, in the long term and until 2070, Greece will be a low-risk country on this front.

In a landscape fraught with political tension and economic intricacies, Bulgaria stands at the precipice of a pivotal juncture in its European integration journey. As aspirations for Eurozone membership loom large on the horizon, projections hint at a potential entry by 2025, marking a significant milestone in the country's quest for broader European alignment.

The European Commission proposed on Wednesday that, under a reform of the EU's fiscal rules, governments should ensure public debt falls over four years and stays on a downward path for a decade afterwards.

BELGRADE - Serbia has succeeded in achieving good economic results and maintaining macroeconomic and fiscal stability despite a pandemic and a global energy crisis, State Secretary at the Finance Ministry Gojko Stanivukovic said on Thursday.

Ljubljana – The Fiscal Council has noted that at least one of the two conditions enabling the government to depart from the obligation of medium-term fiscal balance under exceptional circumstances will be met next year. It has thus advised caution and again called on the government to clearly define mitigation measures and quantify their fiscal effect.

The European Commission has recommended Romania to pursue fiscal policies in line with the Council's recommendation of 3 April 2020 that Romania should put an end to the present excessive deficit situation by 2022 at the latest, according to the recommendations in the European Semester Spring package released on Wednesday.

The new pensions law is the main factor causing the rapid increase in the general government deficit up to 6.1 percent of the GDP in 2021, and the high fiscal sustainability risks, the European Commission estimated in the Country Report for Romania published on Wednesday.

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.

On the occasion of Greece's exit from the third adjustment program, it is worth evaluating its results. The first finding is that the program failed to achieve its ultimate objective: market re-access.

Romania is not facing fiscal sustainability risks and it's very interesting to see that from all the recommendations that our country has received, 68 percent are fulfilled, declared, Wednesday, Public Finance Minister Eugen Teodorovici at Victoria Palace.