BIA Launches a Project to Encourage a Longer Working Life
The Bulgarian Industrial Association (BIA) is launching a project to encourage a longer working life.
Business | October 1, 2019, Tuesday // 15:46
Bulgarian Unions, Employers Present Joint Anti-Crisis Plan
- Tweet
Send to Kindle
“The closeness of the position of unions and employers shows that the situation is serious,” Danev said Sunday. Photo by BGNES
Bozhidar Danev, head of the Bulgarian Industrial Association, has presented a package of 50 anti-crisis measures prepared by trade unions and employers from across the country
“The closeness of the position of unions and employers shows that the situation is serious,” Danev said Sunday, cited by BTA.
Regarding state finances the measures include the accelerated sale of carbon emissions from the Kyoto protocol, privatization of state minority shares through the stock market, liberalization of the investment regime" Silver Fund "for Bulgarian investments in low-risk financial instruments and the construction of public records on leased state and municipal property.
Other proposals include the cutting of the period of unemployment benefit from 6 to 8 months, an increase of the minimum wage on July 1 and also restoring financial discipline in the state by speeding up reimbursement of VAT and excise duties within the legal deadline.
“The measures could lead to between BGN 5-8 B in additional revenue for the budget this year,” the Confederation of Independent Bulgarian Syndicates (KNSB) Deputy Chair, Plamen Dimitrov, concluded.
Earlier, Danev reacted strongly to Labor Minister Totyu Mladenov’ proposal, for Bulgaria to temporarily give up its flat rates for income and corporate taxes because of the economic crisis. He said that this would drive away more foreign investors.
A separate package of anti-crisis measures is currently being discussed at a meeting of the Bulgarian cabinet, the GERB government reported Sunday.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgaria Lags Behind in Attracting Foreign Investment - Industry Group
The Bulgarian Industrial Association (BIA) has warned the country ranks last in the size of foreign investment drawn by EU member states.
Business | January 24, 2017, Tuesday // 10:01
Bulgaria’s Vice President Popova Becomes BIA Deputy Chairman
A day after she left the Bulgarian Presidency headquarters on Dondukov 2 Blvd, Vice President Margarita Popova has a new job – she is the new Deputy Chairwoman of the Bulgarian Industrial Association and Secretary General of BIA.
Bulgaria Grants 'National' Status to 5 Employer Associations, 2 Trade Unions
Bulgaria has recognized as "nationally represented" two trade unions and five employer organizations active in the country, the government's press office has said.
Business | August 10, 2016, Wednesday // 13:55
Bulgaria's Parliament 'Adopts Too Many Laws' - Study
Bulgarian lawmakers have passed one bill on average for the last six years, the Bulgarian Industrial Association, one of the four big organizations of employers, and a legal affairs think-tank, have said.
Bulgarian Industry Group: Drop in Fuel Prices Cannot Make up for Increased Labour Costs
A fall in petrol and diesel prices in Bulgaria as a result of the slump in global oil prices is not enough for the country’s businesses to cut the price of their products, according to the Bulgarian Industrial Association (BIA).
Business | January 21, 2016, Thursday // 17:59
Kiril Petkov on his Citizenship: I Do Not Feel Any Guilt
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
General Mutafchiiski with Special Award from Jewish Community in Bulgaria
Head of the Military Medical Academy (MMA) Major General Prof.
Bulgaria: Prices Will Rise More Steeply than Expected - Finance Ministry
The Ministry of Finance has revised its autumn forecast for economic development.
Three Foreigners Arrested in Bulgaria for Trading Info from Arsenal military plant
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
Caretaker Government Required State-owned Companies to Pay Dividend
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
