The planned 2002 Eurobond issue of up to EUR 700 M might be delayed if Bulgaria signs a two-year funding deal with the International Monetary Fund for a total of USD 300 M, Reuters commented on December 11. The funding deal is expected to be finalized til...
Bulgaria is third among the SE Europe countries as far as its GDP growth indicator is concerned. Bulgaria rates second in annual inflation in the same target group for 2000....
The fines for illegal trading with ferrous and non-ferrous metals should go up thirteen times according to a Ministry of the Economy proposal. The proposal will be discussed at the next meeting of the Government....
The 23rd International Book Fair opened on December 11 at hall 3 of the National Palace of Culture in Sofia. More than 500 publishers from Great Britain, Germany, France, Macedonia, Russia, Romania and Bulgaria participate in the fair, which will close on...
Incumbent President Stoyanov said that the delay in the SS-23 missiles destruction will result in later than envisaged NATO accession of Bulgaria. He commented on the issue as a response to President-elect Parvanov’s statement that the SS-23 missiles dest...
Under the amendments to the Corporate Income Taxation Act adopted by Parliament on December 11 corporate tax will fall from 20 to 15%. The amendments also provide for tax reliefs for new jobs creation in regions with unemployment rate 50% higher than the...
No agreement was reached on a 10% rise in electricity and heating prices at the meeting of the Trilateral Cooperation Council on December 11. The Cabinet's decree for 10% rise that the Supreme Administrative Court revoked on November 5 was discussed at th...
Lidia Shuleva, Deputy Prime Minister and Social Minister, sent a letter to the International Monetary Fund Resident Representative to Bulgaria Piritta Sorsa, in which she insists that the ordinance for regulating the salaries in monopoly-holding companies...
Bulgarian entrepreneurs are the most optimistic in Europe regarding the development of business next year, according to a survey conducted by the Association of European Chambers and Industry.
The Economic Review 2002 survey was conducted in 24 countries...
Trade between Bulgaria and Estonia will be duty-free starting from January 1, 2001. Bulgarian cheese, vegetables, wine and liquor will enjoy unlimited access to the 1....
The meeting of Prime Minister Simeon Saxe-Coburg with delegation of the Holy Synod on December 11 continued for more than an hour. Maxim, the Patriarch of the Bulgarian Orthodox Church, and the metropolitans suggested that the laws adopted ten year ago th...
The Bulgarian National Service “Border Police” received a donation from Germany - 220 radio stations Motorola GP 380, worth DEM 225,000. The donation was handed to Defense Minister Petkanov on behalf of the Federal Minister of the Interior Otto Schily....
“I am optimist for an agreement with Bulgaria,” Jerald Schiff, Head of the International Monetary Fund (IMF) mission to Bulgaria said after a meeting with the economy team of the Government. The meeting was closed for media with the explanation that it wa...
Dr. Vassil Panitsa was elected chairman of the municipal council of the Union of Democratic Forces late on December 10th....
Amendments to the Criminal Code will allow prisoners, who have committed grave offences to be released before the end of their sentence, Mario Dimitrov, Deputy Justice Minister, announced on December 11. According to him this could at least partly solve t...