Bulgaria's Govt to Decide on Allocating Extra BGN 116 M to Settle Debts to Businesses
Business | September 25, 2013, Wednesday // 08:42
- Tweet
Send to Kindle
Bulgaria's government is to discuss Wednesday the allocation of an additional BGN 116 M for the payment of outstanding debts to businesses.
Tuesday's sitting is to start around 30 minutes after the conclusion of debates in Parliament on the no-confidence motion against the government, according to reports of dnevnik.bg.
The proposal to allocate additional funding was submitted by Finance Minister Petar Chobanov. It envisages covering additional spending and transfers under the 2013 budget to the amount of BGN 258.7 M.
The money will be provided from the reserve for unforeseen and urgent expenses in the sphere of structural reforms and additional fiscal measures.
Some BGN 142.6 M of the total will be allocated to social measures and pro-business measures.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Manager Talks: Nikolay Bachvarov on Leadership, Team Motivation and Market Resilience at Baumit Bulgaria
Novinite.com and Novinite.bg are excited to launch "Manager Talks," a series featuring interviews with leading managers and business leaders sharing insights and strategies for business management in Bulgaria
Business | October 3, 2024, Thursday // 13:02
Bulgaria's Real Estate Market: 199 Salaries Needed for a 100 sq.m. Apartment
In Bulgaria, purchasing a 100 sq.m. apartment requires the equivalent of 199 monthly salarie
Bulgargaz Blocks Accounts of Toplofikatsia Sofia Amid Ongoing Debt Crisis
Bulgaria's state gas supply company, "Bulgargaz," has once again blocked all accounts belonging to the municipal heating company, "Toplofikatsia Sofia"
Turkish Conglomerate Acquires Canadian Gold Mining Projects in Bulgaria
Canadian company Velocity Minerals, which oversees various gold and copper mining projects in Bulgaria, including Rozino and Iglika, has announced the sale of its Bulgarian assets to the Turkish conglomerate
Majority of Bulgarians Report Decreased Savings Amid Inflation Surge
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.
Kristalina Georgieva: Bulgaria Still Has a Path to Eurozone Entry in 2025
Bulgaria still has a chance to join the Eurozone next year, according to Kristalina Georgieva, managing director of the International Monetary Fund
