Much Debated Draft Budget 2012 Enters Bulgaria Parliament
The Bulgarian Parliament is debating Wednesday at first reading the draft budget 2012.
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The Bulgarian Parliament is debating Wednesday at first reading the draft budget 2012.
Bulgarian Members of the Parliament passed at first reading Tuesday several important amendments in a number of tax bills.
Bulgaria's President-elect, Rosen Plevneliev, vowed Tuesday support for the Bulgarian Academy of Sciences, BAS, in slating an additional BGN 5 M for their 2012 budget.
Bulgaria attracted a total of EUR 534.5 M of foreign direct investment in the first nine months of 2011, according to preliminary data of the Bulgarian National Bank.
Bulgaria registered an economic growth of 1.3% in the third quarter of 2011 year-on-year, according to preliminary data of the National Statistical Institute in Sofia.
Bulgaria's Three-Way Council between the cabinet, the business and the trade unions is meeting Tuesday to discuss upping retirement pensions and the reform involving pay for State servants.
The European Commission is proposing legislation on international credit rating agencies that will all EU institutions to ban temporarily the rating of troubled countries, EU Commissioner Michel Barnier announced.
There are no grounds to increase the minimum monthly wage every year when the average revenues are not going up, over lack of economy growth triggered by lack of growth in productivity.
The consumer price index (CPI) in October 2011 compared to September 2011 was 100.
Greek banks will do everything they can to shun the sale of their subsidiaries in Bulgaria – they value the local market potential and do not want to lose it.
In order to increase all retirement pensions in Bulgaria by 10%, the cabinet needs about BGN 1 B, and under the current state of economy such funds cannot be secured.
Bulgaria's finance minister has fiercely defended the austerity draft budget for 2012, saying that its failure would spell the end of his term in the government.
Bulgaria will be "among the survivors" of the global financial crisis, US economist Richard Rahn believes.
Bulgarian Finance Ministry Simeon Djankov has seen what he believes to be a major silver lining in the lower GDP growth forecast for Bulgaria announced by the EC.
Bulgaria is the 4th fastest growing economy in the EU, the country's Finance Minister Simeon Djankov pointed out on Thursday, referring to the Economic Forecast of the European Commission unveiled earlier that day.
Bulgaria's economy will register a growth of 2.3 in 2012, according to the Fall Economic Forecast of the European Commission unveiled Thursday.
The Bulgarian State Agency State Reserve and War-time Stocks is going to be closed, according to the final decision of the cabinet.
Bulgaria's finance minister has confirmed that the prospect of a cut in the value-added tax (VAT) rate, which now stands at 20%, is likely next year.
A Bulgarian member of the European Parliament has tried to assuage fears over a possible bank drain in the subsidiaries in the Eastern European country following the new rules on bank recapitalisation.
Now is the time to reexamine the issue with retirement age and implement reforms that would secure higher pensions.
The Chair of Bulgaria's State Agency State Reserve and War-time Stocks, Stanimir Peev, says he was not aware of the plan of Finance Minister, Simeon Djankov, to close the agency.
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