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Bulgaria Industrial Output Down 0,9% in January y/y
Industrial production in Bulgaria decreased 0,9% year-on-year in January, compared to the 12,1% fall in the previous month, shows data from the national statistics office.
On a monthly basis, industrial output declined 14,7% in January, after falling 0,7% in December.
Production of electricity,gas,steam and air conditioning supply increased 1,1%, while that of energy products - more than 6%.
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Date: 2010-03-10 14:18:23 | Source: Novinite.com
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Greek Strike Forces Changes in Bulgaria Train Schedule
The Bulgarian State Railroad company, BDZ, informs Wednesday changes in the schedule of 6 trains to and from Greece.
The changes are triggered by the 24-hour strike in Greece beginning Thursday.
The international express train between Bucharest and Thessaloníki via Sofia will travel only to Sofia and will leave Thursday morning for Bucharest.
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Date: 2010-03-10 14:03:12 | Source: Novinite.com
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Bulgaria Business Sighs in Relief as Scandalous Regulation Nixed
Bulgaria's National Revenue Agency has revoked a scandalous regulation that obliged heads of small enterprises to be subject to double taxation, a requirement that is deemed detrimental for them.
Social securities will be paid only for activities that go with a concrete salary, the new regulation states.
The revocation of the previous document, which banned chief executives of small companies to be treated only as self-insured people and demanded for the payment of more social securities, came...
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Date: 2010-03-10 12:38:02 | Source: Novinite.com
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Bulgaria February Budget Revenue Slumps - Report
The revenues in the Bulgarian State budget continue the January trend of going down, Deputy Finance Minister, Ana Mihaylova, said Wednesday.
Mihaylova spoke in an interview for the TV channel Nova Televizia, but warned that the official data is still to be released by the Finance Ministry.
The Deputy Finance Minister pointed out this trend is due to the continuing effects of the economic crisis and the recovery is expected to begin in the second half of 2010....
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Date: 2010-03-10 12:28:04 | Source: Novinite.com
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Eni: South Stream, Nabucco Should Combine to Cut Costs
The rivaling gas pipeline projects in southern Europe, South Stream and Nabucco, should combine to cut costs, the chief executive of one of the partners in South Stream has suggested.
"What we have here is what bankers call a strategic fit," Eni SpA Chief Executive Officer Paolo Scaroni said yesterday at a Cambridge Energy Research Associates conference in Houston.
"Should all partners decide to merge the two pipelines for part of the route, we would reduce investments, operational costs and i...
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Date: 2010-03-10 11:54:47 | Source: Novinite.com
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EIU: Recession, Greek Crisis Stumble Bulgaria's Economy
The recession in Bulgaria's main trading partners and the Greek crisis will be among the major obstacles that Bulgaria's economy will face in the short term, the latest report of the Economist Intelligence Unit (EIU) says.
According to the experts for the time being concerns over Bulgaria's competitiveness could hardly trigger the dismantling of the Currency Board that keeps the Bulgarian currency at 1.9558 to the euro.
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Date: 2010-03-10 11:31:53 | Source: Novinite.com
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