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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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Prodi: Greek Crisis Over, Euro System Secure
The worst of Greece's financial crisis is over and other European nations won't follow in its path, said former European Commission President Romano Prodi.
"For Greece, the problem is completely over," Prodi, who was also Italian prime minister, said in an interview for Bloomberg in Shanghai.
"I don't see any other case now in Europe....
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Date: 2010-03-10 11:01:13 | Source: Novinite.com
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Armenian genocide row: Turkey's ambassador not yet returning to the US
Turkish foreign minister Ahmet Davutoglu says that the Obama administration is not doing enough to block further action on the genocide issue, considering that Turkey is a key ally of the United States. Turkish authorities also say the US resolution will complicate their efforts to normalise relations with Armenia.
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Date: 2010-03-10 09:13:20 | Source: Sofiaecho.com
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Danish Budget Airline Starts Sofia Service
The Danish budget airline Cimber Sterling begins regular service of the Sofia-Copenhagen line on March 28.
The twice-a-week flights are included in the company's summer schedule, but will be extended to a year-round service.
Cimber Sterling becomes the sixth budget carrier to offer regular, year-round flights to and from Sofia....
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Date: 2010-03-09 18:16:34 | Source: Novinite.com
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Bulgaria Investors Wary of Financial Supervision Reform
The investment community in Bulgaria has not supported the Finance Minister Simeon Djankov's plan to reform the financial supervision system in the country.
This became clear at a round table held Tuesday for all the institutions involved in any way with the stock market in Bulgaria. Business representatives raised doubts about Djankov's plans and sated that they at least need careful analysis and discussion before any action is taken.
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Date: 2010-03-09 17:33:22 | Source: Novinite.com
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