Expats

Bulgaria Explains Mystery Budget in Brussels [Jun 22, 2010] Bulgarias Finance Minister Simeon Djankov went to Brussels to assuage fears of a new Greek-style budget fraud. Photo by BGNES [via YahooNews] More >>

Bulgaria's Revised Budget under Fire from Right, Left [Jun 15, 2010] Bulgaria's right-wing Blue Coalition declared Tuesday they will not back the cabinet's updated 2010 budget unless their demands are met. [via YahooNews] More >>

Bulgaria Finance Minister Outlines 3 Pillars to Fight Crisis [Jun 10, 2010] Bulgaria's Finance Minister, Simeon Djankov, motivated the need to update the 2010 budget with the uncertainty brought by Greece and other countries in Europe. [via YahooNews] More >>

Bulgaria Finance Minister Issues Ultimatum for Reforms [Jun 06, 2010] Finance Minister Simeon Djankov. Photo by EPA/BGNES Bulgarias government plans to hand out additional funding from the revised budget for 2010, only provided that the sectors in question implement the required reforms, the finance minister said on Sunday. [via YahooNews] More >>

Bulgaria Finance Minister Issues Ultimatum for Reforms [Jun 06, 2010] Bulgarias government plans to hand out additional funding from the revised budget for 2010, only provided that the sectors in question implement the required reforms, the finance minister said on Sunday. [via YahooNews] More >>

Bulgaria Ruling Party Ally Withdraws Support for Budget 2010 [Jun 06, 2010] Bulgaria's right-wing party the Union of Democratic Forces, widely considered to be an ally of the ruling GERB party, has harshly critisized the revised budget for this year, saying it undermines the country's financial stability. [via YahooNews] More >>

Bulgaria Updates 2010 GDP Budget Deficit to 3.9% [May 26, 2010] Bulgaria's cabinet is forecasting a 3,9% deficit from the Gross Domestic Product (GDP) in 2010, according to the updated budget approved by the Council of Ministers Wednesday. [via YahooNews] More >>

(AFX UK Focus) 2010-05-05 11:46 UPDATE 1-Bulgaria to cut public spending by 20 pct in 2010 [May 05, 2010] SOFIA, May 5 (Reuters) - Bulgaria will cut public spending by 20 percent this year for total savings of some 900 million levs ($606.9 million) as it battles a deep recession, Finance Minister Simeon Djankov said on Wednesday. The Balkan country, whose economy contracted 5 percent last year, has been forced to take draconian action and seek ways to boost sagging revenues to keep its budget ... [via YahooNews] More >>

EC Said to Extend Deadline for Bulgaria, Romania Danube Bridge [Apr 21, 2010] Bulgaria hopes the EC will extends the ISPA funding absorption deadline for the Danube Bridge 2 project. Otherwise, it will have to pull out the money to complete the construction from its next year's budget. [via YahooNews] More >>

Bulgaria Says "Untouchable" Detainees Siphoned off VAT [Apr 15, 2010] The latest raid of Bulgaria's police against organized crime groups, code-named The Untouchable", will cut a scheme to siphon off millions of levs in value-added tax from the budget, officials have said. [via YahooNews] More >>

Bulgaria FinMin to Report on Budget 2010 [Apr 09, 2010] Bulgaria 's finance minister Simeon Djankov is expected to report on Friday on the implementation of budget 2010, whose deficit almost tripled to a record-high of BGN 1.4 B from the beginning of the year by the end of February. [via YahooNews] More >>

Bulgaria Finance Ministry Criticized for Cutting Food Vouchers (Novinite.com) [Mar 19, 2010] Bulgaria's Finance Ministry has decided to cut the amount of food vouchers it circulates to commercial companies, in a reaction to the crisis and in order to maximize budget revenue. [via YahooNews] More >>

Bulgaria's ex-farm fund chief jailed for EU aid deals (Eu Business) [Mar 18, 2010] (SOFIA ) - Bulgaria's former farm fund chief Asen Drumev was sentenced on Thursday to four years in jail for abuse of power and the signing of EU aid deals that defrauded the budget, the Sofia city court said. [via YahooNews] More >>

Bulgaria Ups National Health Insurance Fund Budget (Novinite.com) [Mar 09, 2010] The 2010 budget of Bulgaria's National Health Insurance Fund (NZOK) will be increased by BGN 300 M, the Fund's Monitoring Board informs. The changes will be included in the Act for the NZOK Budget which, as expected, will be passed by the end of March and will become effective April 1. [via YahooNews] More >>

Bulgaria Targets Balanced Full-Year Budget in 2010 (Update1) (Bloomberg) [Feb 11, 2010] Feb. 11 (Bloomberg) -- Bulgaria is aiming for a balanced full-year budget in 2010, Finance Minister Simeon Djankov told reporters in Sofia today. The government estimates a deficit of 495 million lev ($348 million) in January, followed by shortfalls in February and March, Djankov said. [via YahooNews] More >>

(AFX UK Focus) 2010-01-27 11:41 UPDATE 1-Bulgaria raises its 2010 GDP forecast to +0.3 pct (Interactive Investor) [Jan 27, 2010] SOFIA, Jan 27 (Reuters) - Bulgaria on Wednesday forecast a return to slight economic growth this year, reversing a previous forecast for a 2 percent contraction and citing fiscal measures taken by the government. Finance Minister Simeon Djankov said the economy was poised to expand by 0.3 percent in 2010, helped by the centre-right government's prudent fiscal policy and measures to raise budget ... [via YahooNews] More >>

Bulgaria in Pictures 2009 (Novinite.com) [Dec 30, 2009] Bulgaria's Finance Minister Simeon Djankov metaphorically presents Budget 2010 as a small, meatless pizza, October 2009. [via YahooNews] More >>

Bulgaria Finance Ministry Gave Bonuses despite Budget Hole (Novinite.com) [Dec 25, 2009] Bulgaria's Finance Minister, Simeon Djankov, he gave monetary awards to experts, who worked 24 hours a day in November to prepare the 2010 budget. Photo by BGNES [via YahooNews] More >>

(AFX UK Focus) 2009-12-23 15:17 Bulgaria woos pensioners with Christmas bonuses (Interactive Investor) [Dec 23, 2009] SOFIA, Dec 23 (Reuters) - Bulgaria's new centre-right government on Wednesday approved Christmas bonuses for the poorest pensioners to try to ease growing discontent in the recession-hit economy. An end to 12 years of growth and rising unemployment has hit support for the government which won a July election by a landslide and now has to make sweeping budget cuts. The government decided to give ... [via YahooNews] More >>

Bulgaria Finance Minister Halts Judicial System Christmas Bonuses (Novinite.com) [Dec 23, 2009] Bulgaria's Finance Minister, Simeon Djankov, declared the Finance Ministry would not be able to transfer money to the judicial system budget for Christmas bonuses. [via YahooNews] More >>