International finance

European Commission released its latest review of member states' economies. 

The report, publisher as part of the European Semester review mechanism, comes after Slovenia was promoted from the group of countries with excessive imbalances in 2015.

The Finance Ministers of EU member-states have agreed to close loopholes in tax legislation allowing multinational companies to avoid paying taxes on dividends, reported Reuters.

The agreement is a step in the direction of terminating the practice of companies declaring their taxes where they find it most expedient to pay taxes.

The foreign exchange rate is not just an economic parameter, it has been a central data issue for Turkey for at least a quarter of a century. Foreign exchange rates in Turkey say a lot about the country. The poor and the rich, the villager and the urban dweller, the young and the old are all somehow aware of Turkey's most fundamental problem. 

A record-high BGN 18.5 M in property has been confiscated on behalf of the state after it was discovered that the assets have been acquired illegally. Another BGN 13 M in property have to be ruled on by the court. Thus, the total amount will reach BGN 20 M in assets confiscated with sentences that have entered into force.

Bulgaria received a LARGELY Compliant estimate in a report of the Global Forum for Transparency and Exchange of Information for tax purposes with the Organisation for Economic Cooperation and Development, reported the National Revenue Agency, cited by BTA.

In a leading index of global financial centers Istanbul has fallen 12 places to 57th, mainly due to uncertainties. 
Istanbul's overall average rating is 591 in the 20th Z/Yen global financial centers index (GFCI) of 87 financial centers, down from 636 and 45th place in the previous list, which was released in March.

The government is expected to submit in parliament on Wednesday a new amendment on the controversial article included in the omnibus and provided that politicians would be able to own offshore companies in tax havens countries, as Proto Thema newspaper revealed.

All opposition parties have expressed their frustration over the new amendment made by SYRIZA-ANEL government regarding the article 178 of the omnibus bill passed in Greek parliament a few days ago.

The world's 20 top economies will use all policy tools available to lift sluggish global growth, they said on Feb. 27, despite German disquiet over fiscal and monetary stimulus.

Agrobanka shareholders say the Serbian government has not made a single step in four years to resolve the scandal surrounding the bank, and compensate them.