Bulgarian Business Club Newspaper

Posts tagged with the keyword: ‘Simeon Djankov’

Bulgarian Food Safety Watchdog Orders 22kg of Spoiled Yellow Cheese Incinerated

Bulgarian Food Safety Watchdog Orders 22kg of Spoiled Yellow Cheese Incinerated

22 tons of yellow cheese (kashkaval) past its sell-by date have been delivered to an incineration plant by the Bulgarian Food Safety Agency (BABH). Laboratory tests have confirmed that the dairy product is unfit for consumption due to the advanced stages of milk fat oxidation, according to BABH’s statement. The yellow cheese is owned by the [...]

Bulgarian Parliament to Vote State Budget 2012 on 2nd Reading

Bulgarian Parliament to Vote State Budget 2012 on 2nd Reading

The Bulgarian Parliament will vote on second reading Wednesday and Thursday legislation relating to Bulgaria’s state budget for 2012. Prior to that, the Bulgarian government had agreed with trade unions not to up the retirement age before 2021, and had signed an agreement with representatives of farmers regarding much larger subsidies than those stipulated in [...]

Bulgarian Cabinet Firm on Not Surrendering to Farmers

Bulgarian Cabinet Firm on Not Surrendering to Farmers

They insisted on a meeting with Borisov and his Deputy, Finance Minister, Simeon Djankov, but did not get a positive response. Meanwhile, the demonstrators, represented by the National Grain Producers Association, were invited to meet with Agriculture Minister, Miroslav Naydenov, but declined the invitation on the grounds he is not authorized to sign any decisions. [...]

Bulgarian FinMin: Eurozone Could Be Extinct in 6 Months

Bulgarian FinMin: Eurozone Could Be Extinct in 6 Months

Very bad things happened in the last few months in Europe, which imposed changes in Bulgaria’s fiscal policy, says Deputy Prime Minister and Finance Minister, Simeon Djankov. Speaking in an interview for the TV channel bTV Tuesday morning, Djankov responded to criticism that he had made promises for more funding to different sectors earlier and [...]

Negotiations Resume on Day 13 of Bulgaria’s Railways Strike

Negotiations Resume on Day 13 of Bulgaria’s Railways Strike

Negotiations on bringing an end to the workers strike at the troubled State-owned Railway Company BDZ Holding are resuming Tuesday as the strike entered its 13th day. Passenger and freight trains will be, once again, halted between 8 am and 4 pm. Transport Minister, Ivaylo Moskovski, is joining the talks. Over the weekend, the BDZ [...]

Bulgaria’s EconMin Vows Bulgartabac Buyer to Be Known ‘Soon’

Bulgaria’s EconMin Vows Bulgartabac Buyer to Be Known ‘Soon’

The name of the actual buyer of the State-owned cigarette-maker monopoly Bulgartabac is going to be revealed very soon, Economy and Energy Minister, Traicho Traikov, promised. Speaking Saturday from the Black Sea city of Varna, Traikov, however, stressed that the most important issue was who the investor is, not the buyer. He added that there [...]

Ex-FinMin: Bulgaria’s Fiscal Policy Deepens Economic Crisis

Ex-FinMin: Bulgaria’s Fiscal Policy Deepens Economic Crisis

The fiscal policy of PM Boyko Borisov‘s center-right GERB cabinet only leads to a prolonging the period of depression in Bulgaria’s economy, according to former Minister of Finance Plamen Oresharski. Oresharski commented two years after Borisov’s GERB part swept general elections on July 5, 2009. “The collectibility of revenue has visibly dropped, excessive budget deficits [...]

Bulgarian FinMin: We’ll Get Richer Than Romania in No Time!

Bulgarian FinMin: We’ll Get Richer Than Romania in No Time!

The average incomes of Bulgarians will surpass those of Romanians in two years, Bulgaria‘s Finance Minister Simeon Djankov vowed on Tuesday. Djankov announced his ambitious plan speaking before the private bTV channel. He pointed out the Bulgarian GDP per capita expressed in Purchasing Power Standards is 43% of the EU average, while Romania‘s is just [...]

Bulgaria’s Rulers Back Out of Universal Pension Raise

Bulgaria’s Rulers Back Out of Universal Pension Raise

The Bulgarian government of the center-right party GERB plans to raise the retirement pensions only of widows, according to the latest announcement of Finance Minister Simeon Djakov. According to Djankov, the state budget cannot afford to raise all pensions, as Prime Minister Boyko Borisov and Labor Minister Totyu Mladenov had indicated earlier. Instead, the government [...]

Bulgarian FinMin Focuses on ‘Financial Stability Pact’, Leaves Euro Bid Aside

Bulgarian FinMin Focuses on ‘Financial Stability Pact’, Leaves Euro Bid Aside

Bulgaria‘s Finance Minister Simeon Djankov plans to dedicate all of his efforts to the passing of Constitution amendment guaranteeing stable state finances, known as the “Financial Stability Pact.” The measures termed “Financial Stability Pact” were first announced by Djankov on February 8 at a lecture at the New Bulgarian University in Sofia following the US [...]

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