BIA Launches a Project to Encourage a Longer Working Life
The Bulgarian Industrial Association (BIA) is launching a project to encourage a longer working life.
Kamen Kolev, Deputy Chair of the Bulgarian Industrial Association (BIA), has urged the state and local governments to pay debts to the business sector.
In an interview for Darik Radio, Kolev suggested Monday that state institutions had run up over BGN 350 M in debt to contractors in 2012, with the major portion of the money owed by municipalities.
The Deputy Chair of BIA explained that it was important to businesses to get paid under public procurement contracts so that they could pay to their debtors and keep jobs.
He made clear that the total sum of BGN 350-360 M owed to businesses could solve intercompany indebtedness amounting to several billion leva.
The National Association of Municipalities in the Republic of Bulgaria (NAMRB), however, claimed that its debt to businesses was smaller at the beginning of 2013 than in early 2012.
Ginka Chavdarova, NAMRB Executive Director, informed Monday that official statistics pointed to a debt of BGN 172 M by end-November 2012.
Chavdarova suggested that the debt of municipalities to businesses would amount to less than BGN 160 M at the beginning of 2013.
She made clear that the Finance Ministry had contributed to the reduction of the debt rate by granting extra financial resources to some municipalities.
Chavdarova admitted she had no idea how the extra money had been distributed among municipalities.
She refused to comment whether the distribution of financial resources had taken place on the basis of party affiliation of the Mayor but was adamant that the issue had not been discussed with the NAMRB for the first time.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022