Slovenia

The Constitutional Court on Monday ruled that the PNL-UDMR motion is constitutional, so it will be put on Parliament’s debate. PNL and PSD are drawing plans for a new government.

The Constitutional Court of Romania (CCR) yesterday ruled that the censure motion entitled “11 against Romania,” initiated by PNL and UDMR against the Boc Cabinet, is constitutional, thus rejecting a Democrat-Liberal unconstitutionality challenge raised last week. This was PDL’s last-resort attempt to block the initiative of PNL-UDMR.

Slovenian government has decided to reduce value added tax (VAT) from 20% to 8.5% for some products and services, Makfax reported.
Some 2 600 products and services, such as insurance, sale and correction of clothes and shoes, books, hairdressing services, cleaning and others, will be taxed at the lower rate. Slovenia plans to keep the lower VAT rate by the end of 2010.

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Radovan Jelašić said Tuesday that directing a part of EUR 3bn IMF loan into the country's budget deficit was a good idea of the Finance Ministry.

Due to the effects of the recession, the payments deficit will be considerably lower and NBS will need less money from the IMF to cover it, the National Bank of Serbia (NBS) governor told B92 TV.

In the first six months of 2008, the payments deficit totaled between EUR 2-2-5 bn, but it did not reach one billion in the first six months of 2009, he said.