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Govt Assuages Fears Bulgaria's Flat Taxes May Be Raised
Bulgaria's corporate and income taxes - currently set at flat rates of 10% - will not be increased, according to Deputy Finance Minister Ana Mihaylova.
Mihyalova has repudiated the claims floated in the Bulgarian media that further tax increases might follow after on Monday the government decided to increase the employees' social security payments by 2% to make them 10%.
The Cabinet made this move in order to replace funding in the reserves of the National Health Insurance Fund which will be u...
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Date: 2010-03-09 11:11:46 | Source: Novinite.com
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Bulgaria’s Export Registers Largest Growth in 18 Months
Bulgaria's export increased by 13,1% in January 2010 year-on-year, according to preliminary data of the National Statistical Institute.
Thanks in part to the recovery in Bulgaria's main trading partners from the EU, the country's export has grown for the third month in a row, reaching the highest growth since August 2008 when it increased by 15% year-on-year.
For the first the time since the early 1990s most of Bulgaria's export - 53% - goes to countries outside the EU - which usually takes in...
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Date: 2010-03-09 10:33:27 | Source: Novinite.com
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Bulgarian Doctors Pay-Protest Expands
General practitioners from across the country are joining the strike, launched on Monday, over non-payment of fees by the federal health ministry and lack of reform plans.
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Date: 2010-03-09 10:30:25 | Source: Topix.com
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Bulgaria Business Calls for Stake Sale in Energy Monopolists
Bulgaria's government has been urged to sell on the stock exchange shares in companies, which are part of the Bulgarian Energy Holding, in a bid to put the local capital market back on track.
"The sale of minority state-owned stakes in the energy companies Bulgartransgaz, Kozloduy nuclear power plant, the National Electricity Transmission Company, Bulgargaz and Maritza Iztok through an initial public offering (IPO) will be a catalyst for the restoration of the capital market in Bulgaria," says ...
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Date: 2010-03-09 10:16:16 | Source: Novinite.com
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EU lengthens parental leave
European Union member states have two years in which to transpose the new directive, which encourages paternity leave as well as maternity leave, into national law.
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Date: 2010-03-09 09:13:04 | Source: Sofiaecho.com
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More Suspicions Cast over Bulgarians' Swiss Banks Plan
Bulgaria's tax authorities will find it difficult to bring to justice those tax evaders, who hold about EUR 200 M in Swiss banks as revealed by a stolen disk of Swiss banking data bought by Germany, a financial expert claims.
"The operation will hardly lead to more money flowing into the state budget. A big part of the deposits of Bulgarian citizens in Swiss banks have been registered as bank accounts of foreigners," Emil Harsev commented.
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Date: 2010-03-09 08:52:37 | Source: Novinite.com
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Bulgarian Buy Said to Boost CME 2010 Ebitda
Central European Media Enterprises Ltd., the east European television broadcaster partly owned by Time Warner Inc. expects the acquisition of Bulgarian TV station bTV to help it post positive full-year Ebitda.
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Date: 2010-03-09 08:35:57 | Source: Novinite.com
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Moody's: Negative Outlook for Bulgarian Banking System
The credit outlook for the Bulgarian banking system is negative, primarily reflecting the adverse impact of the domestic economic recession on the credit quality and net profits of the country's banks, says Moody's Investors Service in its new Banking System Outlook on Bulgaria.
Moody's negative outlook for the Bulgarian banking system expresses the rating agency's view on the likely future direction of fundamental credit conditions in the industry over the next 12 to 18 months. It does not rep...
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Date: 2010-03-09 08:10:04 | Source: Novinite.com
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Fitch Doomsayers Blackmail Bulgaria - Analysts
The gloomy forecasts for Bulgaria that Fitch Ratings has made over the last few days are in response to the state decision to suspend its contract with the agency, local analysts claim.
Bulgaria, the European Union member boasting the bloc's smallest budget deficit, risks seeing its banks sucked under by the fiscal sins of neighboring Greece, Fitch Ratings and Capital Economics Ltd. warned on Monday.
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Date: 2010-03-09 07:49:38 | Source: Novinite.com
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Turkey earthquake reminds Istanbul of danger
Professor Ahmet Ercan, head of Turkey's Geophysical Society, says he is expecting one centered 20 to 25 kilometers south of the city, estimated at 6.3 to 6.7 magnitude. But he says the destructive force of the earthquake could be felt to be around seven to eight magnitude in certain parts of the city, because of the geology. He says an earthquake there could also cause tsunamis.
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Date: 2010-03-09 07:12:54 | Source: Sofiaecho.com
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EIB signs Cyprus deal
European Investment Bank says that it is EIB supporting economic rebound in Cyprus and in Europe overall.
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Date: 2010-03-09 07:12:53 | Source: Sofiaecho.com
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