Expats

Bulgaria to Fully Enter EU Fiscal Pact - FinMin [Jan 24, 2012] Bulgaria will most probably back the whole EU fiscal pact and not just some of the texts included in it, Bulgarian Finance Minister Simeon Djankov has revealed, as cited by the Bulgarian National Radio. It is yet to be decided whether Bulgaria will maintain an observer status like other non-eurozone EU member states, Djankov clarified after attending the meeting of the EU Economic and Financial ... [via YahooNews] More >>

Bulgaria to Keep Taxes Low, Slams Common EU Rates [Dec 14, 2011] Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, has assured the business sector that low taxes are to stay in Bulgaria. Djankov stressed Tuesday that Bulgaria is one of the only three EU Member States with consistent tax, fiscal and microeconomic policies, the other two being Estonia and Luxembourg. Bulgaria also has the lowest tax rates in the EU. ... [via YahooNews] More >>

Bulgaria drops out of pipeline project [Dec 08, 2011] SOFIA, Bulgaria, Dec. 7 (UPI) -- Bulgaria is dropping out of a Trans-Balkan oil pipeline project that was to reach from the Black Sea to the Aegean Sea, the country's finance minister said. [via YahooNews] More >>

Bulgaria abandons oil pipeline project with Russia, Greece [Dec 07, 2011] Sofia (dpa) - Bulgaria said on Wednesday it would withdraw from a joint pipeline project to carry Russian oil to Greece, citing possible accidents that could have an environmental impact and harm its tourism industry.Finance Minister Simeon Djankov said after a cabinet meeting that Russia and Greece would be informed of the decision and downplayed the possibility of them demanding that Sofia pay ... [via YahooNews] More >>

Bulgaria to quit pipeline project [Dec 07, 2011] Bulgaria has decided to withdraw its participation in the Burgas-Alexandroupolis oil pipeline project, the country?s finance minister Simeon Djankov was quoted as saying on Wednesday, formally terminating a project 15 years in the making. [via YahooNews] More >>

Bulgaria decides to drop Trans-Balkan oil pipeline project [Dec 07, 2011] The Bulgarian government has decided to give up the Russia-led Trans-Balkan oil pipeline project, Bulgarian Finance Minister Simeon Djankov said on Wednesday. [via YahooNews] More >>

Bulgaria Abandons Burgas-Alexandroupolis Oil Pipeline [Dec 07, 2011] Bulgaria will terminate its participation in the Burgas-Alexandroupolis oil pipeline project, said Deputy Prime Minister and Finance Minister Simeon Djankov after Wednesday's Cabinet session. The decision has been approved by the Cabinet. Bulgaria will seek a termination of the trilateral intergovernmental agreement by mutual consent and if the request is rejected, it will pull out of the oil ... [via YahooNews] More >>

Bulgaria Launches Bid to Quit Burgas-Alexandroupolis Oil Pipeline - Report [Dec 07, 2011] Deputy Prime Minister and Finance Minister Simeon Djankov will reportedly submit a project envisaging Bulgaria's withdrawal from the Burgas-Alexandroupolis oil pipeline project on Wednesday. According to reports of the BGNES news agency, the proposal will be put up for discussion at Wednesday's session of the Council of Ministers. Bulgaria will try to terminate its participation in the ... [via YahooNews] More >>

Bulgaria scraps oil pipeline with Russia, Greece [Dec 07, 2011] Bulgaria's finance minister says his country is pulling out of a pipeline deal to carry Russian oil through his country to Greece. [via YahooNews] More >>

Bulgaria's PM Borisov Scolds EU Debtors [Nov 21, 2011] Bulgarian Prime Minister Boyko Borisov has scolded the heavily indebted states in the EU that have contributed to the euro zone debt crisis during a joint press conference with his Swedish counterpart Fredrik Reinfeldt. Borisov is known for stressing Bulgaria's fiscal discipline in the hands of Finance Minister Simeon Djankov as Bulgaria has the second smallest public debt in the EU after ... [via YahooNews] More >>

Bulgaria's Syndicates Revolt against Retirement Age Increase [Nov 18, 2011] Bulgaria's two major syndicates have rebelled against the government's intention to up the retirement age by 1 year as of 2012. The Podkrepa Labor Confederation and the Confederation of Independent Bulgarian Syndicates (KNSB) threatened Friday to launch a general strike over the initiative of Finance Minister Simeon Djankov to increase the retirement age unilaterally while disregarding the ... [via YahooNews] More >>

Bulgaria's Podkrepa Labor Confederation Quits Tripartite Cooperation Council [Nov 18, 2011] Bulgaria's Podkrepa Labor Confederation is leaving the National Council for Tripartite Cooperation and demands the resignation of Deputy Prime Minister and Finance Minister Simeon Djankov over his plans to increase the retirement age by a year as of January 2012. In a Friday interview for the Bulgarian National Radio (BNR), Evgeni Dushkov, Chair of Podkrepa's National Strike Committee, explained ... [via YahooNews] More >>

Bulgaria FinMin:I Bet My Career on Budget 2012, Further Cuts Likely [Nov 11, 2011] Bulgaria's finance minister has fiercely defended the austerity draft budget for 2012, saying that its failure would spell the end of his term in the government. "I bet my career as a minister on this budget," Simeon Djankov told the morning broadcast of Nova TV channel on Friday. "If the government steps back from its demands for a later retirement in the interior and defense ministries and a ... [via YahooNews] More >>

Bulgaria FinMin: VAT Cut Next Year Not Ruled Out [Nov 09, 2011] Bulgaria's finance minister has confirmed that the prospect of a cut in the value-added tax (VAT) rate, which now stands at 20%, is likely next year. Speaking in an interview for Trud daily Minister Simeon Djankov pointed out that to be successful tax changes of this kind have to come as a surprise. "Otherwise consumption can grind to a halt, waiting for the new VAT to come into force.... [via YahooNews] More >>

Bulgaria's FinMin Mulls Upping Retirement Age [Nov 07, 2011] Now is the time to reexamine the issue with retirement age and implement reforms that would secure higher pensions. The statement was made by Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, in an interview for the Bulgarian Trud (Labor) daily. Djankov says he wants to increase retirement age because this is the way to bring fresh money to increase pensions and reduce the ... [via YahooNews] More >>

Bulgaria Hopes to Sell 50.5% in Bourse in H1 2012 [Oct 19, 2011] Bulgaria hopes to find an investor for its only stock exchange in the first half of next year, the bourse's chief executive has said though declining to reveal the names of potential bidders. "[The] majority of our stock exchange is state-owned. Our finance minister strongly believes that the government shouldn't be a shareholder for a very long period.... [via YahooNews] More >>

Bulgaria sees 2011 budget deficit below target [Oct 18, 2011] BUCHAREST : Bulgaria 's 2011 budget deficit will be about 2 percent of gross domestic product, its finance minister said on Tuesday, below a target of 2.5 percent and confirming the Balkan country's tight fiscal stance. [via YahooNews] More >>

Bulgaria's Finance Ministry to Scrap Methane Excise Hike [Oct 17, 2011] Bulgaria's Finance Ministry is mulling giving up on plans to introduce excise on methane from January 1, 2011, which is expected to up heating prices as well. The information was reported by the largest private TV channel bTV, citing Finance Minister, Simeon Djankov. The plans were for the methane price to go up on January 1 over the introduction of the excise duty.... [via YahooNews] More >>

Bulgaria to Launch 2nd Refinery in Pleven [Oct 17, 2011] The refinery Plama in Bulgaria's northern city of Pleven is going to reopen in December 2011. The news was reported by Darik radio, citing Finance Minister, Simeon Djankov, who spoke during a meeting with the company-owner which purchased the refinery last year. Plama will make mainly lubricants, while fuels will be a side production. ... [via YahooNews] More >>

Bulgaria predicts balanced budget for 2013 [Oct 14, 2011] (SOFIA ) - Bulgaria will achieve a balanced budget by 2013, with the deficit already dropping this year below the planned 2.5 percent, Finance Minister Simeon Djankov announced Friday. [via YahooNews] More >>