The Bulgarian and Albanian economies are performing better than Romania's, Romanian newspaper Cotidianul commented a day after an IMF mission wrapped up its visit to the country to review its progress under a EUR 13 B loan agreement signed last year.
The mayor of the only Bulgarian town, which enforced a full smoking ban, has called on the center-right government to slash by half health taxes for non-smokers.
Bulgaria registered a small budget surplus of BGN 19 M in September 2010, according to Finance Ministry data released Monday.
After long and heated debates, the Bulgarian cabinet, the trade unions and the business finally signed an agreement about the retirement reform, Prime Minister, Boyko Borisov, announced.
The required years of service for retirement in Bulgaria will start going up by four months per year, beginning January 1, 2012, Prime Minister, Boyko Borisov, announced.
Bulgarian Minister of Finance Simeon Djankov stated that the crisis is a prime time for reforms, contradicting the earlier position of PM Boyko Borisov.
Bulgaria's Minister of Finance Simeon Djankov presented the draft budget bill for 2011 in front of four parliamentary committees Thursday, calling it "a budget of stability.
The Bulgarian economy is bound to fall off an economic cliff and into a depression, which will last for several years, according to a leading Bulgarian financier and banking expert.
Four parliamentary commissions will debate Bulgaria's budget draft for next year, which Finance Minister Simeon Djankov handed to parliamentary speaker Tsetska Tsacheva on October 1.
The individual shares of Bulgarian employees eligible for early retirement, held in private funds, will be transferred to the National Social Security Institute (NOI) only for those who can retire in 2011, 2012, and 2013.
Bulgaria's government is expected to announce on Friday whether it will proceed with plans to transfer the pension accounts in nine private funds with total assets of about BGN 500 M to the state in a bid to solve its fiscal woes.
It is still unclear if the Bulgarian government will go ahead with a controversial plan for the nationalization of early retirement accounts from private pension funds.
Standard & Poor's has lowered its long-term credit ratings on Bulgarian American Credit Bank (BACB) to 'B' from 'B+', saying the likelihood of BACB receiving support in case of need from its parent bank, Allied Irish Bank has reduced.
Bulgaria's Economy Minister Traicho Traikov is skeptic about the nationalization of the professional private retirement funds.
Bulgaria's Finance Minister Simeon Djankov has announced he was still waiting for pension funds to say whether they would be able to pay early pensions to people.
The reform measures for transfer of early retirement money from private pension funds to the government social security institute are unconstitutional, according to the Bulgarian business sector.
Bulgaria's government has sought to assuage fears that its planned measures for pension reform amount to a nationalization of private retirement funds.
The International Monetary Fund has submitted a position to the Bulgarian government urging it to reduce the deficit in its pension system.
The required retirement age of workers in the first and second category of work will start growing smoothly from 2015, with six months per year, the Bulgarian Labor and Social Policy Minister, Totyu Mladenov, has announced.
Bulgaria's Finance Minister, Simeon Djankov, assuaged fears the fiscal reserve is depleted by saying the current BGN 6.
The Bulgarian Revenue Agency (NRA) informs they are currently auditing 10 businesses and 110 business owners on the Black Sea coast.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
