Bulgaria's Central Bank Eases Company Requirements
Bulgaria's National Bank (BNB) eases the rules under which companies report financial data.
As of April this year the companies will have to file three-month reports on their financial credit, only if the loans exceed BGN 500 000, or their equivalent. The change will affect around 6000 companies.
The new Ordinance No. 27 for the statistics of the payment balance, international investment position and the securities statistics is part of the European requirements and will alleviate the regulations on the legal entities and the sole traders.
The old BNB regulation required that each trimester the companies had to report to the bank if they drew loans was equal to or more than BGN 50 000, or their equivalent.
- » Bulgaria Advises Travellers to Carry Enough Cash During Greece's Bank Holiday
- » Greece's Banking Restrictions 'Not to Affect Bulgaria'
- » Bulgarians Working Abroad Sent Home Remittances Totaling USD 1.72 B in 2014
- » Bulgarian Parliament Approves Lifting of Bank Secrecy at Second Reading
- » S&P warns of Possible Downgrades in SEE over Greek Crisis
- » Austrian Bank Hypo Noe Gruppe Opens Office in Sofia