Budget primary surplus confirmed at 916 mln in May on higher expenditure
Travel balance falls by 4.1 pct in April
Primary cash balance at surplus of 438 mln in May
May employment balance positive by 105,282 as seasonal hires pick up
Current account deficit drops in April on improved goods and services balance
Industrial turnover rises by 13.4 pct in April
Finance Ministry scrambles to correct property tax after error-strewn debut
After months of discussions and planning, the launch of the unified real estate property tax (ENFIA) earlier this month foundered on a number of problems, which caused the government embarrassment and left the Finance Ministry with plenty of revision work to do.
This tax is due to replace the emergency levy on homes introduced in autumn 2011, which was paid via electricity bills. The government lobbied the troika persistently to get the unpopular emergency tax incorporated into a general property levy because i...
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