Expats

Bulgaria Govt Greenlights Eurobond Sale [Apr 04, 2012] Bulgaria's government issued on Wednesday a mandate for the sale of Eurobonds on international markets to raise funds for repaying debt maturing in early 2013. Finance Minister Simeon Djnakov has been entitled to go ahead with the preparations for the sale under amendments to the State Budget Act, which the cabinet approved at its meeting. Bulgaria plans to tap international markets at the end ... [via YahooNews] More >>

Bulgaria Adopts 1.35% Budget Deficit for 2012 [Dec 09, 2011] Bulgaria?s Parliament has adopted at second reading the framework for the 2012 state budget within the debates on the 2012 State Budget Act late Thursday night. Thus, the MPs sealed the key figures in Bulgaria's draft budget for 2012, as defended by Minister of Finance Simeon Djankov, including a budget deficit of 1.35% of GDP, or about BGN 1.... [via YahooNews] More >>

Bulgaria to Shift Budget Focus from Security to Education - Finance Minister [Aug 16, 2011] Bulgaria's government has been giving too much money for the security sector, and too little for, and that is bound to change in 2012, Finance Minister Simeon Djankov has promised. "The major focus of the 2012 Budget Act will be the redistribution of funds from the security sector, which includes the Interior Ministry, the intelligence services, and the State National Security Agency DANS ... [via YahooNews] More >>

Bulgaria to Save BGN 8 M from Combining Local, Presidential Elections [Jul 01, 2011] Bulgaria is going to save about BGN 8 M by opting to hold the upcoming presidential and local elections together, according to Finance Minister Simeon Djankov. Speaking in Parliament Friday, Djankov explained that BGN 26 M have been slated under the 2011 State Budget Act for the holding of the double vote in the fall of 2011. Individual elections (i.... [via YahooNews] More >>

Bulgaria Constitutional Court Rules in Favor of Filmmakers [Apr 05, 2011] Bulgaria's Constitutional Court (KS) annulled Tuesday article 38 of the State Budget Act, which gave the government the right to not slate any funds for the film industry. This was one of the filmmakers' conditions to lift the threat of large-scale protest rallies. The Film Industry Act provides for a regular annual subsidy, based on the average budget, to fund at least 7 motion pictures, 14 ... [via YahooNews] More >>

Bulgaria's Rulers Adopt 2011 Budget Deficit of Almost 3% of GDP [Dec 03, 2010] Bulgaria's Parliament has adopted at second reading the 2011 State Budget Act after 15 hours of debates that went late into the night. The budget bill was adopted at second reading only with the votes of the ruling center-right party GERB and their allies from the nationalist party Ataka. [via YahooNews] More >>

Bulgaria's Rulers Adopt 2011 Budget Deficit Barely below 3% of GDP [Dec 03, 2010] Bulgaria's Parliament has adopted at second reading the 2011 State Budget Act after 15 hours of debates that went late into the night. The major difference between the bill adopted at first reading is the increase of the projected 2011 budget deficit from BGN 1.96 B to BGN 2.16 B ? or from 2.5% to about 2.75% of the GDP ? which, if it materializes, would still be below the 3% threshold set by EU ... [via YahooNews] More >>

Bulgaria's Govt Bravely Ventures 3.6% Economic Growth in 2011 [Sep 29, 2010] Bulgaria's Cabinet has approved the draft 2011 State Budget Act, which projects an economic growth of 3.6% next year despite much criticism by the business sector describing this figure as "unrealistic." [via YahooNews] More >>

Bulgaria's Govt Bravely Ventures 3.6% Economic Growth in 2011 [Sep 29, 2010] Bulgaria?s Cabinet has approved the draft 2011 State Budget Act, which projects an economic growth of 3.6% next year despite much criticism by the business sector describing this figure as ?unrealistic.? [via YahooNews] More >>

Bulgaria's Government to Discuss 2011 Draft Budget [Sep 29, 2010] Pensions and salaries in Bulgaria will not be changed in 2011, the Finance Ministry's draft 2011 State Budget Act says. The draft budget, which will be discussed Wednesday, envisions that the deficit in the end of 2011 would be 2,5%, while the economic growth is expected to be 3,6%. [via YahooNews] More >>

Bulgaria Updates 2010 GDP Budget Deficit to 3.9% [May 27, 2010] The amendments in the State Budget Act made by the cabinet Wednesday limit to 20% the expenditures and the subsidies transferred to different institutions. [via YahooNews] More >>

Bulgaria Constitutional Court Annuls Disputed Budget Act Texts [Apr 06, 2010] Bulgaria 's Constitutional Court declared three disputed texts of the 2010 State Budget Act anti-constitutional, the Court's press center informs. [via YahooNews] More >>

Bulgaria Constitutional Court Annuls Disputed Budget Act Texts [Apr 06, 2010] Bulgaria 's Constitutional Court annulled 3 of the 4 texts in the State Budget Act which, according to the Opposition, make the existence of the Parliament pointless. [via YahooNews] More >>