Bulgaria will manage to bring its budget deficit below the European Union limit of 3% of economic production without a hike in taxes and social securities, which is the biggest success of budget 2011, according to the finance minister.
A government helicopter was used to make a full videotape of properties in the southern suburbs of the capital Sofia under the request of the Bulgarian National Revenue Agency (NRA).
The Bulgarian National Bank (BNB) has decided to keep the basic interest rate unchanged for the third month in a row since August, when it hit its lowest levels since the index was recorded for the first time in 1991.
Bulgaria's Finance Minister Simeon Djankov will hand on Friday the budget draft for next year to parliamentary speaker Tsetska Tsacheva.
A local analyst has warned that the rise in Bulgaria's seasonally adjusted gross domestic product may technically spell the end of recession, but does not mean that the crisis is over.
Bulgaria's seasonally adjusted gross domestic product marked an increase of 0.5% in the second quarter compared to the first three months of the year thanks to a rise in exports, pulling the country out of recession, the prime minister announced on Thursd
Bulgaria's Cabinet has approved the draft 2011 State Budget Act, which projects an economic growth of 3.6% next year despite much criticism by the business sector describing this figure as "unrealistic."
The Bulgarian business organizations and syndicates have supported the government's proposal for tax changes, including the introduction of a flat 9% value-added tax (VAT) in the tourism sector.
The growth of the Bulgarian economy projected in budget 2011 would not be reached, according to the Chair of the Bulgarian Industrial Association, (BSK), Bozhidar Danev.
Bulgaria has sold state bonds amounting to EUR 234 M Monday, announced the Ministry of Finance.
The heads of the Bulgarian and Macedonian bourses signed on Monday an agreement on the exchange of stock market trading data in a bid to make them more attractive to foreign partners.
The Bulgarian Socialist Party adopted a controversial decision to go for the abolition of the flat tax rates after many of its leaders left Saturday's plenum in protest.
Bulgaria's opposition Socialists have fallen out in bitter debate over a draft document proposing the elimination of the flat income and corporate tax rates.
Bulgaria's largest opposition party BSP is in favor of abolishing the 10% flat tax rate that its own government introduced in 2008.
The founder and former CEO of the Bulgarian Stock Exchange has harshly criticized the government for increasing its share to over 50%, saying it is effectively nationalizing the bourse at a knock-down price.
Bulgaria is planning to sell bonds amounting to EUR 1 B on the international market in 2011 to shore up its finances, according to a finance ministry draft paper, cited by local media.
A mission of the International Monetary Fund will visit Sofia during September 23 - October 4, 2010 to hold regular bilateral discussions on economic policies with the Bulgarian authorities.
Turnover in Bulgaria is up BGN 1 B in August 2010, compared to the same month in 2009, data of the National Revenue Agency (NRA) shows.
The Bulgarian right-wing leader, Martin Dimitrov, warned Tuesday the 2011 budget deficit would again end up being over 3%, similarly to 2010.
The draft state budget for 2011 previews loans amounting to some EUR 2 B and increase national debt from EUR 4.8 B to EUR 7 B.
The consumption of cigarettes, manufactured in Bulgaria or legally imported is down two times, according to the Chair of the nationalist VMRO-NIE party, Petko Atanasov.
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