Expats

Bulgaria Parliament Votes on Budget Draft 2011 [Nov 11, 2010] Bulgaria's parliament will vote at first reading the country's budget draft for next year, which Finance Minister Simeon Djankov handed to parliamentary speaker Tsetska Tsacheva on October 1. [via YahooNews] More >>

Bulgaria Budget Draft 2011 Debated in Parliament [Oct 28, 2010] Four parliamentary commissions will debate Bulgaria's budget draft for next year, which Finance Minister Simeon Djankov handed to parliamentary speaker Tsetska Tsacheva on October 1. [via YahooNews] More >>

Bulgaria Budget Draft 2011 Debated in Parliament [Oct 28, 2010] Four parliamentary commissions will debate Bulgaria's budget draft for next year, which Finance Minister Simeon Djankov handed to parliamentary speaker Tsetska Tsacheva on October 1. [via YahooNews] More >>

Bulgaria Budget Draft 2011 Enters Parliament [Oct 01, 2010] Bulgaria's Finance Minister Simeon Djankov will hand on Friday the budget draft for next year to parliamentary speaker Tsetska Tsacheva. Bulgaria is planning to sell bonds amounting to EUR 1 B on the international market in 2011 to shore up its finances, according to a finance ministry draft paper. [via YahooNews] More >>

Bulgaria Parliament Mulls 2% Tax on Insurance Premiums [Sep 08, 2010] Bulgaria's parliament will debate on Wednesday a bill, which provides for the introduction of a 2% tax on insurance premiums and was moved by the government earlier this year in a bid to boost revenues to the budget. [via YahooNews] More >>

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 >>