Bulgaria Pins Euro Bid Hopes on New Financial Stability Pact
Proposed constitutional amendments designed to bolster and guarantee Bulgaria's financial stability will pave the way to the euro adoption, the finance minister believes.
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Business » Finance
Bulgaria FinMin: No Need to Sell Eurobonds in 2011
Bulgaria is likely to abandon plans to sell bonds on the international market in 2011, deeming outside financing unnecessary after the economy returned to growth, the finance minister has said.
ECOFIN: Bulgaria Needs No Further Steps to Curb 'Excessive Deficit'
EU's Economic and Financial Affairs Council (ECOFIN) has confirmed the decision of the European Commission to terminate the excessive deficit procedure against Bulgaria.
Bulgaria Registers 4.5% Inflation y/y January 2011
Bulgaria's year on year January inflation has been 4.
Bulgaria Sees 2.1% y/y GDP Growth 4th Quarter 2010
Bulgaria's GDP growth rate in the fourth quarter of 2010 is 2.1%, year on year and 1.7% compared to the previous quarter, according to the National Statistical Institute's flash estimates.
Bulgaria Sees 58% Dcline of FDI in 2010 Y/Y
A total of EUR 1.35 B in foreign direct investments has been registered in Bulgaria in 2010, which is a 58% decrease year on year, according to the Dnevnik daily.
Ecofin Likely to Say Bulgaria Did Enough to Cut Deficit
European Union finance ministers are expected to confirm at their meeting in Brussels, starting on February 14, that Bulgaria needs take no further steps to curb its budget deficit under the bloc's rules on government finances.
Bulgaria Raises BGN 24 M More from Gambling in 2010
Bulgaria raised 24% more state revenues from gambling in 2010 than it did in 2009, according to the State Commission on Gambling.
Bulgaria Restricts Cash Payments to BGN 15 000
Cash payments in Bulgaria should not exceed BGN 15 000 under amendments adopted conclusively by the parliament on Wednesday.
Bulgaria's FinMin Reveals Plan for Financial Stability Pact'
Bulgaria's Finance Minister Simeon Djankov has officially announced proposed Constitution amendments designed to bolster and guarantee the country's financial stability.
Bulgaria's FinMin Rejects Again Upping Minimum Wage
Bulgaria's Finance Minister, Simeon Djankov, has reiterated his position that there is not enough money in the 2011 state budget for increasing minimum monthly wage.
Bulgarian Social Minister Firm on Upping Minimum Wage
There is a proposal to increase minimum monthly wages in Bulgaria by BGN 30, beginning July 1, Social Policy and Labor Minister, Totyu Mladenov, informs.
Agefi: Americans Turn Bulgarians to Avoid Taxes
Americans are giving up their citizenship in order to obtain Bulgarian or Austrian passports, the Swiss financial daily "Agefi" claims.
Bulgaria Govt Stands Firmly by 2013 Referendum on Taxes
Bulgaria's finance minister has fervently defended his suggestion for raising direct taxes only by referendum in the future, which opponents have slammed as an impracticable and cowardly idea.
Sofia Prosecutors Refuse to Rule on 11 Disloyal Companies Case
Sofia District Prosecutor's Office has returned to the General Labor Inspectorate Executive Agency the case of 11 disloyal companies that have not paid salaries to their employees.
Bulgarian Banks May Drop Fee on Pre-Term Credit Payment
People who pay their credit early will no longer pay fees to the bank, according to amendments to the Bulgarian Credit Institutions Act.
Bulgarian Companies Face Severe Fines for Unpaid Salaries
Disloyal companies that have not paid salaries to their staff will be fined BGN 15,000 per employee, said Rumyana Mihaylova, Head of Bulgaria's General Labor Inspectorate Executive Agency.
Bulgaria C-Bank Nudges Up Base Rate to 0.19%
The Bulgarian National Bank (BNB) has decided to increase the base interest rate to 0.19% in February, up from 0.18% in January and December.
Experts: Bulgarian Inflation Rate Climbed above 4%
Bulgaria's year on year inflation rate has risen above 4%, according to a report released on Monday by experts from the Bulgarian Center for Economic Development.
Bulgarian Experts Forecast Up to 3% Economic Growth 2011
Bulgaria's economy will grow with up to 3% in 2011, the experts from the Center for Economic Development have stated in their January report.
Key Bulgarian MP: No Rush but Let's Get Ready for Euro Zone Anyway
There is no point in rushing to adopt the euro at this point, according to Bulgarian MP Menda Stoyanova, Chair of the Parliamentary Committee on Budget and Finance.
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