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 [...]
June 2, 2010 | Posted in
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Bulgaria and Macedonia have to focus on intensifying exchange of expertise and information with respect to finances and economic growth measures, Finance Minister Djankov said in Ohrid. “We can guarantee the sustainable economic development of the Balkans only with joint efforts,” said Simeon Djankov after meeting his Macedonian counterpart Zoran Stavreski. Djankov was a special [...]
April 30, 2010 | Posted in
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The EC assessment Bulgaria’s Convergence Program remains unofficial, Bulgaria’s EU Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, Kristalina Georgieva confirms. Georgieva spoke during a press conference Friday upon conclusion of her meeting with the speaker of the Bulgarian Parliament, Tsetska Tsacheva. The European Commission submitted earlier its assessment about the country’s Convergence Program [...]
April 24, 2010 | Posted in
Bulgaria-EU |
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A day after the European Commission said it would launch a discipline procedure against Bulgaria for exceeding the deficit ceiling of 3% of GDP, the country’s commissioner in Brussels have tried to quell panic reactions. “Bulgaria faces no risk of being punished because of a higher [than the EU norms] budget deficit,” Bulgarian Commissioner Kristalina [...]
April 24, 2010 | Posted in
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Moody’s Investors Service has lowered Greece’s sovereign ratings to A3 from A2 and placed them on review for further possible downgrade. The move is based on Moody’s view that there is a significant risk that debt may only stabilize at a higher and more costly level than previously estimated, the ratings agency said. The review, [...]
April 24, 2010 | Posted in
Bulgaria-EU |
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The European Union’s official statistics agency Thursday said the Bulgarian budget deficit in 2009 was wider than the government had estimated, even though Sofia recently revised upwards its last year’s fiscal gap due to a hidden deficit. In the first of its twice-yearly reviews of government finances in the 27-member bloc, Eurostat said the Bulgarian [...]
April 24, 2010 | Posted in
Bulgaria-EU |
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Bulgaria has started to overcome the economic crisis in the second quarter of 2010, according to Finance Minister Simeon Djankov. “In the first quarter, we have been paying out sums owed by the state to tobacco producers and other agricultural producers. To do that, we used revenues raised by the Customs Agency. It has turned [...]
April 24, 2010 | Posted in
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The European Commission has evaluated the Convergence Program submitted by the Bulgarian government under the Stability and Growth Pact as “adequate,” Bulgaria’s Finance Minister, Simeon Djankov, reiterated. According to the Minister, the above is the first step towards the for joining the ERM II, the Eurozone waiting room and Bulgaria and Estonia have been the [...]
April 18, 2010 | Posted in
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The European Commission has evaluated the Convergence Program of submitted by the Bulgarian government under the Stability and Growth Pact as “adequate.” This has been announced by Finance Minister Simeon Djankov after the first session of the informal meeting of EU finance ministers in the Spanish capital Madrid, which took place on Friday, as cited [...]
April 18, 2010 | Posted in
Finance |
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Bulgaria’s Borisov government intends to abolish the bonuses of civil servants ahead of schedule. The so called “additional material incentives” are allocated to the Bulgarian state administration employees every quarter. The government planed to slash the premiums as part of a larger reform the administration’s payment system in 2011. However, the change will probably come [...]
April 12, 2010 | Posted in
Finance |
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