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REUTERS: NEW BULGARIAN EUROBOND ISSUE DEPENDS ON IMF DEAL

Business | December 12, 2001, Wednesday
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 THIRD IN SE EUROPE ON GDP GROWTH INDICATOR FOR 2000

Business | December 12, 2001, Wednesday
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....

FINES ON ILLEGAL TRADE WITH METALS PROPOSED TO BE INCREASED A LOT

Business | December 12, 2001, Wednesday
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 TH...

Politics | December 11, 2001, Tuesday
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...

PRESIDENT:SS –23 MISSILES DESTRUCTION IS IMPORTANT FOR NATO ENTRY

Politics | December 11, 2001, Tuesday
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...

AMENDMENTS ENVISAGE CORPORATE TAX TO DECREASE 5%

Business | December 11, 2001, Tuesday
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 REACHED AT THE TRILATERAL COOPERATION COUNCIL MEETING

Politics | December 11, 2001, Tuesday
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...

MINISTER WANTS IMF TO REMOVE ORDINANCE ON REGULATING SALARIES

Politics | December 11, 2001, Tuesday
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 BUSINESSMEN WITH HIGHEST BUSINESS EXPECTATIONS IN EUROPE

Views on BG | December 11, 2001, Tuesday
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...

DUTY-FREE TRADE BETWEEN BULGARIA AND ESTONIA AGREED

Business | December 11, 2001, Tuesday
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....

HOLY SYNOD SEEKS PM'S COOPERATION

Politics | December 11, 2001, Tuesday
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 FRO...

Politics | December 11, 2001, Tuesday
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....

IMF MISSION HEAD: I AM OPTIMIST FOR AN AGREEMENT WITH BULGARIA

Business | December 11, 2001, Tuesday
“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 TH...

Politics | December 11, 2001, Tuesday
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 COMMITT...

Politics | December 11, 2001, Tuesday
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...
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Bulgaria’s capital Sofia has seen over the last week unrelenting public outrage at the appointment of a media magnate to a top security post, which boiled over into protests against the new government....
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Which is the best option for Bulgaria after the heavy blow protests blew to the new government, headed by Plamen Oresharski?
New early elections.

Urgent measures to revive the economy.

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