`The Union of Employers in Bulgaria /UEB/ suggested a new insurance schema, straightening the third of the three pillars - National Social Security Institute /NSSI/, mandatory supplementary insurance,and voluntary insurance,` UEB Chair Vasil Vasilev said.
The amendments to the tax acts for 2002 were not adopted at the regular weekly session of the cabinet, as was preliminary announced. After a few hours' discussion among the ministers, it emerged that the new tax acts will be approved next week.
The banking sector profits for September, 2001 registered again an upward trend, Bulgarian National Bank statistics showed. The banks’ total profit for September reached BGN 19, 5 M which brings the total profits for the first nine months of 2001 to BGN 2
`The International Monetary Fund has approved the 2002 draft budget,` Deputy Prime Minister and Labour and Social Policy Minister Lydia Shouleva said on October 25. Speaking at a meeting of the parliamentary Labour Committee Shouleva said that this is the
The Cabinet approved the amendments to the Act for Restoring Ownership in Forests and Woodland Stock Plots on October 25, 20001. Original forest owners in Bulgaria will receive forest plots on the same territorial unit where their original plot was or in
The Bulgarian Privatization Agency (PA) will open a new procedure for the privatization of the state-owned insurer State Insurance Institute (SII). `The selected buyer – the consortium between the Dutch-based TBI and the SII 2000 management-employee buy-o
The Bulgarian government adopted an Ordinance on vehicle pollution, which will come into force on January 1, 2001. About three million car owners will have to pay BGN 80 once–off environmental tax, which will be valid regardless of ownership changes.
`We rely very much on our Las Vegas experience and we do believe the tourism in this beautiful country Bulgaria will grow up very soon and it will become a magnet for million of European and US citizens `, former Nevada governor (1989-1999) Bob Miller sai
The guarantee requested by Eliseina metallurgical plant for a BGN 4.5 M credit for working capital and restoring production was delayed for two months by the Ministry of Economy.
`If the Privatisation Agency (PA) annuls the sale of Lyaskovets Winery, we are going to file a suit against the state for BGN 4 M,` Ivan Valchev, the company`s CEO, said. The winery was placed second on the list of revised deals published by the PA earlie
One more investor has shown interest in the Bulgarian Telecommunications Company. That was announced by Minister of Transport and Communications Plamen Petrov.
`Auctions will be the preferred methods of privatization for companies under the jurisdiction of the Ministry of Regional Development and Construction,` Kostadin Paskalev, Minister of Regional Development announced. A check conducted by the Ministry showe
Bulgarian corporations and municipalities will attract fresh capital by actively using debt instruments, financial experts announced. Since the beginning of 2001, some ten companies have shown interest in issuing corporate debt paper.
The Board of Directors of the Bank Consolidation Company (BCC) decided to sell the 32,77 state-owned stake in the Central Cooperative Bank (CCB) through a sealed-bid tender. BCC will send a letter to all potential candidates to inform them of its decision
`Czech investors find the energy sector, tourism, environment and infrastructure to be the most attractive sectors,` Petr Dokladal said at his first news conference since he was appointed Czech Ambassador to Sofia. Dokladal pointed out that 50,000 Czech p
The Bulgarian Government will decide on November 1, 2001 whether to replace Ceylan Holding as investor in the construction of the Gorna Arda hydropower project. The project is part of an intergovernmental agreement for cooperation in the energy sector bet
Universal Federation of Travel Agents` Associations (UEFTAA) sent a letter to the Bulgarian Deputy Prime Minister and Minister of Economy Nikolay Vassilev on the Value Added Tax for tourist services. In the letter, the federation proposes that the Cabinet
30 % of the international projects under the PHARE transborder cooperation program, the PHARE economic and social program and the ISPA program will be delayed by several months, Kostadin Paskalev, Minister of Regional Development and Public Works, announc
`Bulgarian-Chinese trade from January to August this year totaled USD 77 M, or up by 30 % from the same period last year,` the commercial secretary of the Chinese Embassy in Sofia, Li Lianzhong, said during a trip to Haskovo (Eastern Bulgaria). The Bulgar
`Bulgaria will renew its membership in the international carrier Interlichter through the Bulgarian River Shipping Corporation (BRSC),` Dimitar Stanchev, the corporation`s manager said. The decision was taken at a meeting of the Denubian River Shipping Co
`A plant for recycling old cars will be built near Lom,` the Deputy District Governor of Montana Ivo Filipov after a meeting with representatives of the Japanese association for trade with Russia, Central and Eastern Europe. USD 216 M will be invested in
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