Governments of leading economies face maturing debt worth 7.7 trillion USD

USD debt

The governments of the leading economies face about 7.7 trillion USD debt, maturing this year and higher borrowing costs. Against this background the market for bonds already showing signs of losing momentum. The amount of government bonds and other securities, representing debts for the group of economies, including Brazil, Russia, India and China, More...

by Victoria Lynden | Published 4 months ago
Venezuela money
By Viliyana Filipova On Wednesday, January 4th, 2017

Venezuela issue new dollar debt

Venezuela issue new dollar debt of 5 billion USD. The government bonds were emitted by the state bank on December 29, having coupon of 6.5% and maturing by 2036. The financial institution received the amount in More...

Greece taxpayers
By Silvia Hristova On Wednesday, January 4th, 2017

Taxpayers in Greece have obligations of 94 billion EUR to the Treasury

More than half of taxpayers in Greece owe money to the Treasury. The recent data show that 4.3 million people have obligations to the state, totaling 94 billion EUR. Because of the arrears, the state initiated measures More...

Romuald Wadagn
By Victoria Lynden On Thursday, December 22nd, 2016

Benin implements five year program to stimulate economic growth

The African Republic of Benin has set an ambitious target for the next five years, which aims to support and stimulate economic growth. The country plans to invest 15 billion USD in agriculture, tourism and infrastructure More...

Greece tax amnesty
By Victoria Lynden On Wednesday, December 21st, 2016

Greek Ministry of Finance is preparing a law on tax amnesty

The Greek Ministry of Finance is preparing a law on tax amnesty. This will be an opportunity for individuals and corporate units, which have concealed taxes to the state, to declare and pay without penalty. The More...

Japan Abe
By Viliyana Filipova On Tuesday, December 20th, 2016

Japan plans budget with higher costs and less debt in 2017

The Japanese government plans a budget of record 97.45 trillion JPY (830 billion USD) for fiscal 2017, while maintaining debt below levels this year. The draft budget is a challenge to the efforts of Prime Minister More...

VAT on e-books
By Silvia Hristova On Monday, December 12th, 2016

Lower VAT on e-books in the EU is under discussion

Booksellers in the European Union will be able to sell electronic editions with lower value added tax (VAT) in order to catch up with concessions that already apply to the paper books. The changes in EU legislation More...

Greece debt
By Viliyana Filipova On Sunday, December 11th, 2016

Greece’s creditors have no information about the new social package

European Commission (EC) is not familiar with all the details about the new social package, announced by the Prime Minister of Greece, Alexis Tsipras. In a official statement the Greek Prime Minister Alexis Tsipras More...

Germany roads
By Victoria Lynden On Tuesday, December 6th, 2016

Germany invest 270 billion EUR in transport infrastructure

German government approved 270 billion EUR investments in transport infrastructure of the country. The money will be spent on repairing and expanding of highways, rail lines and waterways. It is planned until 2030 More...

UK infrastructure
By Silvia Hristova On Tuesday, December 6th, 2016

UK provided detailed plan on half-trillion GBP infrastructure investment

The British government published a plan for future infrastructure investment, which presents details on projects worth 500 billion GBP (634 billion USD), which is scheduled to be implemented in the coming years. More...

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