East European growth rates will remain subdued in coming quarters as the recovery in the US and the euro region is losing steam, European Bank for Reconstruction and Development President Thomas Mirow said.
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, the fund announced.
Bulgarian employers' expenses for employment have increased by 8,2% in the second quarter of 2010 in comparison to the same period last year, statistics showed.
Nine commercial banks will participate in a scheme for refinancing of credits for the purchase of agricultural machinery, which will begin operating from September 20, the Bulgarian Agriculture Fund announced.
The Bulgarian National Revenue Agency has announced it will collect about BGN 3 M after 12 checks of 24 popular musicians.
The Bulgarian State expenses for health care and social benefits would keep their 2010 levels in 2011, according to the 2011 budget draft.
The increase of the Bulgarian government's share in the country's only stock exchange will lead to the sale of its majority stake to an industry investor, the bourse's executive director has admitted, confirming recent speculations.
Bulgaria aims to have a budget deficit of 2.5% of gross domestic product and a growth of 3.6% in 2011, according to a budget draft, cited by reports.
The Bulgarian National Revenue Agency (NAP) has announced tenders in some cities for properties that have been seized.
The increase of Bulgaria's government share in the country's only stock exchange is a step for its reprivatization, probably selling the stake to an international exchange group, insiders say.
Bulgaria's Finance Ministry has increased its share to 50,05% from 44% in the country's stock exchange, which has been turned into a public company.
Bulgarian consumer price inflation increased to 2.7% in August on an annual basis from 1.9% a month earlier, due to a surge in tobacco and fuel prices, official data showed on Monday.
The director of the Bulgarian National Revenue Agency has stated that tax evasion has been very common in the recent years, but the tax administration has progressed in the past year.
The International Investment Bank, formed as an initiative of the Soviet Union in 1970, has started to actively invest in the countries of the former Eastern Bloc, including Bulgaria.
Bulgaria's National Revenue Agency will collect 100% of the taxes due to the state for 2010, which amount to about BGN 12 B, promised the agency director Krasimir Stefanov.
The fiscal effect of the potential tax increases would be minimal, Finance Minister, Simeon Djankov, says.
Bulgaria's gross domestic product (GDP) shrank 1.4% year-on-year in the second quarter, slightly milder that the 1.5% drop forecast by a flash estimate, the statistics office said on Wednesday.
Bulgaria's parliament will debate on Wednesday a bill, which provides for the introduction of a 2% tax on insurance premiums and was moved by the government earlier this year in a bid to boost revenues to the budget.
Bulgaria will have a budget deficit of 2.5% in 2011, and will bring it under 1% in 2013, according to Deputy Finance Minister Vladislav Goranov.
The Bulgarian Ministry of Finance has published proposals for adjustments in the tax system in a bid to increase revenue for the 2011 state budget.
The European Commission has expressed optimism about the potential of Bulgaria's economy to rebound as officials figures confirmed that the eurozone economy grew by 1% between April and June.
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