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Slump in Bulgaria's New Cars Market Slows down
Bulgaria's new cars market declined by 44% in February 2010 year-on-year.
According to the Association of Car Producers and Authorized Dealers, only 1 248 new cars were sold in Bulgaria in February.
However, the decline is slowing down compared to a drop of 47,6% in January, and of 52% in all of 2009.
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Date: 2010-03-09 13:50:14 | Source: Novinite.com
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Bulgarian MP Sells Lucrative Plot in Varna Sea Garden - Report
A Member of the Bulgarian Parliament is selling through a real estate agency a large land plot in the beautiful park in the Black Sea capital Varna, known as the Sea Garden.
The news was reported Tuesday by the local Varna daily "Narodno Delo," citing their own source - a broker from the agency.
The 7-decare plot is near the so-called Dolphin House and the garden center "Mimoza" and has all necessary paperwork for construction of apartments and offices.
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Date: 2010-03-09 13:01:48 | Source: Novinite.com
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Bulgaria Officially Snubs Fitch
Bulgaria's finance ministry has slammed as "manipulation of the public opinion" Fitch Ratings agency forecast of lowering the country's credit rating to junk.
"Fitch Ratings agency has made an attempt to manipulate the public opinion by saying it will downgrade Bulgaria's rating a month after we informed them of our intention to suspend our contract with them in a bid to cut costs," Deputy Finance Minister Ana Mihaylova said on Tuesday.
She announced that Deputy Prime Minister and Finance Mini...
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Date: 2010-03-09 12:20:23 | Source: Novinite.com
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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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