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 [...]
Bulgaria’s Deputy Prime Minister and Finance Minister, Simeon Djankov, is on an official trip to Talin, Estonia on Monday, the Finance Ministry informs. Djankov met with his Estonian counterpart, Jurgen Ligi, to discuss Estonia’s candidature for Eurozone entry. Ligi presented his cabinet’s measures for their successful austerity fiscal policy regarding the budget deficit. Estonia’s budget [...]
Bulgarians begin earning money for themselves Tuesday after working for the State since January 1 until the end of May. The so-called “Day of Freedom from the State” was forecast for June 1 by the Institute for Marker Economy, according to the initial 2010 budget estimates. This is the day when working Bulgarians should have [...]
Bulgaria’s budget deficit is growing with higher expenditures year on year despite Cabinet efforts to reduce substantially state spending. The Finance Ministry distributed Tuesday an official account for the implementation of the budget by the end of April 2010 according to the Consolidated Fiscal Program (KFP). Bulgaria had a monthly budget surplus of BGN 370 [...]
Money sent by Bulgarian emigrants to relatives in the country has gone down significantly during the first quarter of 2010, data from the Bulgarian Central Bank, BNB, shows. From January to March 2010, emigrants have wired EUR 231 M, which is nearly 11% less compared to the same period of 2009. The reduction is, however, [...]
Bulgaria PM Boyko Borisov has confirmed that his center-right GERB government will not increase Value Added Tax (V.A.T) from the current 20%. After a number of u-turns which saw the government suggesting V.A.T rises of between 2-4%, Borisov stated Wednesday that “VAT will not be raised,” after a meeting of the cabinet. He added that [...]
Bulgaria will suspend its contract with Crown Agents, the British company consulting the country’s Customs Agency, after it expires at the end of May, the finance ministry officially announced. The statement, circulated to the media, cites lack of funds as the main reason for the decision. “The Finance Ministry assesses highly Crown Agents consultancy activities [...]
World Bank President Heaps High Praise on Bulgarian Govt
Bulgarian State Companies with New Orders for Bank Selection
World Bank President Robert Zoellick Heads for Bulgaria
Bulgaria Consolidates Control of Finance, Customs, Tax Authorities
Average Wage in Bulgaria Up 9% Q2 Y/Y
Bulgaria with Staggering Export Growth to Non-EU States in 2010 H1
Bulgarian State Railroads to Request Loan from World Bank
