President of the World Bank Robert Zoellick praised the Bulgarian government for successfully tackling the global economic crisis on his official visit to the country Monday. “I came hear to learn and listen,” said Zoellick, adding that in the situation of heavy economic crisis Bulgaria is doing “not worse than most” and that achieved results [...]
Bulgaria’s Finance Ministry and Minister, Simeon Djankov, are ready with directions for State companies for the selection of banks to serve their accounts. The Directions for Applying Good Practices in the Selection of an Executor of Financial Services are valid for companies entirely owned by the State, for those where 50% of the shares are [...]
World Bank Group President, Robert B. Zoellick, will visit Bulgaria, Moldova, and Latvia on August 9 – 13, a WB press release informs Friday. Zoellick’s goals include meeting with government leaders, business people, think tanks, civil society, and visiting projects to discuss development issues and the impact of the global economic crisis. “Europe and Central [...]
Bulgaria’s Cabinet has approved the merging of the existing inspectorates of the Finance Ministry, the Customs Agency, and the National Revenue Agency. The decision was adopted during the regular government meeting on Wednesday. With it, the government is aiming at “achieving greater objectivity and impartiality” in the control and supervision of the respective institutions. The [...]
The average wage in Bulgaria during the second quarter of 2010 is up nearly 9% year on year, according to data published by the National Statistics Institute (NSI) Monday. Compared to the first quarter of 2010, salaries went up by 3.4% to reach BGN 640 a month on average. The largest wage increase in June, [...]
Bulgaria’s export to non-EU countries grew by 44.1% in the first half of 2010 year-on-year, according to preliminary data of the National Statistical Institute. Thus, in January-June 2010, Bulgaria exported outside the EU goods and services worth a total of BGN 5.4 B. Over 50% of the Bulgarian non-EU exports went to Turkey, Serbia, Russia, [...]
The Bulgarian Minister of Transport has announced that the country will request a loan from the World Bank for helping the Bulgarian State Railway Company BDZ. The Bulgarian private TV channel bTV has reported that there have been negotiations with the president of the President of the World Bank, Robert B. Zoellick, for a loan needed for [...]
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