Public finance

German bonds were little changed as fixed-income traders prepared for a monetary-policy decision from the European Central Bank amid speculation officials will boost stimulus measures to support the euro-area economy.

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The Finance Ministry is setting up a task force to identify instances where citizens or enterprises are overtaxed as well as bureaucratic problems and tax obstacles that hamper market operations.

Bulgarian farmers whose agricultural land was completely destroyed by the natural disasters last year, will be compensated with a total of BGN 4.4M, the State Fund Agriculture informed.

Temenuzhka Yankova has been appointed Deputy Executive Director of Bulgaria's National Revenue Agency (NRA) through an order of caretaker Finance Minister Rumen Porozhanov.

By Dimitris Kontogiannis

Struggling to reduce its hefty budget deficit, Croatia's government on Thursday announced a package of new taxes aimed at cutting the deficit.

The changes include new taxes, changes to existing taxes and scrapping some of the supplements given to salaries in the public sector.

Montenegro's Ministry of Finance said it is considering new measures to help the poorest segment of the population, including a write-off of debts.

The association representing property owners in Greece on Tuesday demanded that the government ensure that empty properties, or ones that have been disconnected from the power grid, are taxed at a lower rate.

In a statement, the Panhellenic Federation of Property Owners (POMIDA) said it was directing a “request and warning” to the government regarding the properties in question.

Debts to the state from unpaid taxes grew by 1.28 billion euros in July, data released on Tuesday by the Finance Ministry's General Secretariat for Public Revenues showed, with the total number of taxpayers in the red climbing to over 2.4 million individuals.

BELGRADE - Serbia's public debt totalled EUR 20.94 billion or around 64.3 percent of the country's GDP at the end of July, which exceeds the legally envisaged debt limit in Serbia (45 percent of the GDP) by almost 20 percent.