Bulgarian PM Talks Energy Projects with MPs
Bulgaria's Prime Minister, Boyko Borisov, appeared before the Parliament Friday to respond to questions from the opposition regarding the future of several controversial energy projects in the country.
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Bulgaria's Prime Minister, Boyko Borisov, appeared before the Parliament Friday to respond to questions from the opposition regarding the future of several controversial energy projects in the country.
Bulgaria's Finance Minister Simeon Djankov has announced that the country will not be taking a loan from IMF.
The 2010 Bulgarian state budget has been assessed as very successful by the Finance Minister Simeon Djankov during a Parliamentary discussion concerning the medium-term fiscal framework.
The leader of the Bulgarian right-wing Democrats for Strong Bulgaria (DSB) party, Ivan Kostov, had informed Prime Minister, Boyko Borisov, and Finance Minister, Simeon Djankov, about his idea for a loan from IMF.
Banks in Bulgaria are no longer allowed to single-handedly change their methodology for calculating interest rates after a loan contract has been concluded.
The withdrawal of bank deposits from non-resident foreign companies and individuals is one of the main factors for the Bulgarian payment account balance deficit, the Bulgarian Central Bank (BNB) data shows.
The General Shareholders Assembly of the Bulgarian Stock Exchange (BSE) will vote in September to turn it to a public company, the BSE Chair of the Board of Directors, Asen Yagodin, informs.
The Bulgarian Parliament has appointed the four new members of the country's Financial Supervision Commission (FSC).
Bulgaria's parliamentary economic commission approved at first reading a bill, which provides for the introduction of 2% tax on insurance premiums.
The EU Finance Ministers have decided to set Bulgaria under the excessive deficit procedure, a program to reduce its budget deficit below the 3% threshold required by the Stability and Growth Pact.
Bulgaria shouldn't rush to adopt Europe's common currency given the euro- region's turmoil and the limited benefits of the switch, says an economist from Vienna Institute for International Economic Studies.
Bulgarian consumer price inflation went down to 1.4% in June on an annual basis from 1.9% a month earlier, official data showed on Monday.
Bulgaria's government does not provide for any tax hikes in the draft 2011 state budget bill, announced Finance Minister Simeon Djankov.
Bulgaria will face drastic fiscal demands if it resorts to seeking bailout aid from the International Monetary Fund as a result of the government's failure to cut state spending, says right-wing leader Martin Dimitrov.
Bulgaria's Finance Ministry has issued a statement making it clear it was not involved in negotiations for a bailout loan with the International Monetary Fund.
The Bulgarian Parliament has adopted at second reading the 2010 Revised State Budget Act providing after a 12-hour debate in which the ruling GERB party lost the backing of one of its major partners.
The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4% to 4.5%.
Bulgaria's prime minister has denied reports that a hike in tax rates may be looming after the government scrapped its plans for a VAT increase this year, which was hoped to plug a budget gap that has thwarted the new EU member's euro efforts.
Bulgaria's Parliament will vote at second reading the 2010 Budget Revision Act tabled in early June by the center-right government of the GERB party over rising deficit necessitating austerity measures.
The Bulgarian government will shrink the budget deficit to below 3% from the GDP in 2011, the finance minister has announced.
In Bulgaria, it is faster to establish a foreign-owned limited liability company but the procedure for leasing public land is slower, in comparison to the global average, the World Bank has announced.
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