ELECTIONS NEWS IN BRIEF

Politics | June 12, 2001, Tuesday // 00:00

NMS II tax reform aims to take out of the shady economy 400,000 Bulgarians working in it, King`s expert Vladimir Karolev, said in a public dispute on Bulgarian National Radio.
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Bulgaria has implemented a modern pension model harmonized with EU legislation, Minister of Social Affairs, Ivan Neikov, said. This model guarantees constant pensions` growth.
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Financial system in Bulgaria is archaic and needs modernization, King`s economic expert Nikolay Vassilev, said. Corporate finance, investment funds, pension funds and capital markets should be developed and implemented in Bulgaria.
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EU Enlargement Commissioner Gunter Verheugen praised Bulgaria for its development towards EU accession and expressed his concerns about its future progress.

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