The effectiveness of European structural and cohesion funds (SCF) has long been a contradictory topic, both for European institutions and researchers. This matter is particularly interesting for in-depth exploration, because of the lack of unambiguous evidence regarding the effect of these funds on beneficiary regions and countries. Four countries (Spain, Italy, Portugal and Greece) have remained the main beneficiaries of SCF since 1989[1]; however, data on GDP growth and labour markets in these countries is…

picture: Alan Cleaver

Just recently the Ministry of Finance issued 5-year external debt in euro, with annual coupon of 4,25% and annual yield of 4,436%. The total value of the issue was EUR 950 million, while the submitted bids stood at over EUR 6 billion. The issue was oversubscribed in just 30 minutes from hitting the screens and the investors’ interest was sizable. The debt issue was successful by all indicators – attracted investors’ interest, easily oversubscribed and…