The European Parliament have backed a plan to introduce a compulsory pan-EU business tax system, a move that will likely be greeted with concern in Bulgaria. The European Commission had proposed a voluntary scheme. “This harmonized system for calculating the tax base makes it possible for companies to consolidate the results of their individual branches, which allows them to compensate for any losses [...]
April 21, 2012 | Posted in
Finance |
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Bulgarian consumers‘ sentiments continue to trend downwards as prices of staple foods hit record highs, a survey shows. There was no hope for higher incomes among Bulgarians in the first quarter of 2012, while fuel prices remained the main factor for inflation, according to a poll, conducted by market research institute GfK. Consumers are afraid that the prices [...]
April 21, 2012 | Posted in
Business |
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American mega star pop singer and songwriter, Lady Gaga, has confirmed her August 14 concert in the Bulgarian capital Sofia, but the show might not materialize. The concert is scheduled to take place at the National “Vasil Levski” stadium in downtown Sofia. According to Darik radio and its sports site gong.bg, citing unnamed sources, the [...]
March 10, 2012 | Posted in
Culture |
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Brussels will take its decision on Bulgaria and Romania‘s bids to enter the Schengen agreement in September, it was confirmed on Thursday. “I hope that in September Brussels will approve a two-phase approach for Bulgaria‘s and Romania‘s accession to the European Union’s borderless Schengen area,” Bulgaria‘s Interior Minister Tsvetan Tsvetanov announced in Brussels on Thursday [...]
March 10, 2012 | Posted in
Bulgaria-EU |
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Brazil has expressed condolences to all the victims of recent flooding in southern Bulgaria and offered its assistance. The Brazilian government has approved a donation of USD 50,000 to the Bulgarian Red Cross to aid those affected by the recent deadly flooding and especially those who have lost their homes. The official ceremony for presenting [...]
March 10, 2012 | Posted in
Diplomacy |
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Greek tourism revenues could mark a 5% decrease in 2012 due to a fall in pre-bookings from Germany, industry officials have said. Greece expects tourist numbers to fall 3 % from 16.4 million last year, prompting a 5% fall in revenues, in the wake of the country’s negative publicity in its top tourists markets and [...]
March 10, 2012 | Posted in
Tourism |
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The role of political and business blogs in Bulgaria is negligible as the majority of online readers see them as tools for spreading rumors, rather than uncovering truths the mainstream media might have missed, a survey shows. Bulgarians browse the web mostly looking for social networking, news and entertainment, but tend to ignore almost completely [...]
March 10, 2012 | Posted in
Business |
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Bulgaria and the Jewish community commemorate Friday the 69th anniversary of the salvation of Bulgarian Jews and the 67th anniversary of the end of the Holocaust on March 10. The ceremony starts at 11 am at the memorial by the National Assembly. It will be attended by Parliamentary speaker Tsetska Tsacheva, the Mayor of Sofia, [...]
March 9, 2012 | Posted in
Society |
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US Ambassador in Sofia, James Warlick, officially opened the renovated Kermen Health Center Home in the town of Kermen, near the southern Bulgarian city of Sliven. The ribbon-cutting ceremony was also attended by the Regional Governor of Sliven, Marin Kavrakov, and other officials. The building was constructed in the distant 1906 and the US Government [...]
March 8, 2012 | Posted in
Diplomacy |
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The European Bank for Reconstruction and Development (EBRD) is boosting its support for energy efficiency projects in Bulgaria with a new EUR 10 M loan to the Bulgarian Energetics and Energy Savings Fund (FEEI), the bank said in a statement. FEEI is the country’s first private fund supporting energy-saving measures in publicly-owned buildings. The bank’s [...]
March 8, 2012 | Posted in
Finance |
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