Bulgaria Parliamentary Body Thrashes Out Budget Draft 2011
Bulgaria's parliamentary budget committee will vote at second reading the country's budget draft for next year, two weeks after it was approved by the MPs.
Bulgaria's parliamentary budget committee will vote at second reading the country's budget draft for next year, two weeks after it was approved by the MPs.
Postbank - legally registered as Eurobank EFG Bulgaria – has initiated a campaign for the rehabilitation of pedestrian crossings in Bulgaria.
The share of Bulgaria's corporate default loans has reached nearly 19% in October without taking into account the overdrafts, according to Central Bank data.
Bulgaria's finance minister has confirmed the government's revamped euro bid plans, saying in an interview for CNN that the eurozone needs countries with tight fiscal policies like Bulgaria.
German finance minister has sought to assuage contagion fears that Ireland's problems might spread to other euro zone members with large budget deficits.
Following EU agreement on a bail-out package for Ireland, analysts in Europe and the United States have voiced fears that the country's problems might spread to other euro zone members with large budget deficits such as Spain and Portugal.
Ireland will not raise its corporate tax rate, one of the lowest in Europe following Bulgaria and Cyprus, in return for a European Union-led bail-out, but will increase its income tax, the country's finance minister has announced.
EU Finance Commissioner Olli Rehn has welcomed the news about the agreed assistance for Ireland, saying this would help preserve the stability of the eurozone - the group of 16 nations using the euro as their common currency.
European and IMF officials have agreed on Sunday to help bail out Ireland with loans to tackle its banking and budget crisis, stabilize financial markets and prevent loss of confidence in other euro zone members, notably Portugal and Spain.
Ireland will not be forced to raise its corporate tax rate, one of the lowest in Europe following Bulgaria and Cyprus, in return for a European Union-led bail-out, the country's finance minister has assured.
The Republic of Ireland's finance minister has recommended that his country makes a formal application for aid to shore up its finances.
The Administrative Council of the Council of Europe Development Bank has approved two projects in Bulgaria, aimed at providing financing for SMEs in order to promote job creation and growth.
Bulgarian companies owe BGN 1,8 B to the National Revenue Agency, Finance Minister, Simeon Djankov, has announced.
The Irish government has denied speculations that it will raise the country's low corporate tax under pressure from France and Germany and in return for a European Union-led bail-out.
Ireland may be forced to raise the country's corporate tax rate, one of the lowest in Europe after Bulgaria and Cyprus, in return for a European Union-led bail-out, analysts say.
Next year, banks in Bulgaria will take over the management of EU funds for the business, Bulgaria's Minister on EU Funds, Tomislav Donchev, has announced.
Bulgarian Parliament adopted on first reading the much debated amendments to the Social Insurance Code, which will enter into force on January 1, 2011.
Growth in Bulgaria, the Czech Republic, Hungary, and Slovenia is likely to be modest in 2010, ranging from 0 to 2.0%, as domestic demand remains weak, according to the estimates of the World Bank.
The Royal Bank of Scotland Group has criticized the Bulgarian government's budget plans for 2011, saying they are over-optimistic, particularly on the revenue side.
Eurozone finance ministers will come up with a deal on a bailout package for Ireland next week, Bulgaria's finance minister surprisingly announced even though the cash-strapped country has shied away from asking for help.
Bulgaria's center-right government has revived its plans to apply to join the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, after it was forced to drop the euro bid in April this year over a larger than expected 2009 deficit.
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