Bulgaria, Macedonia Bourses Agree to Exchange Trading Data
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.
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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.
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.
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