Expats

Bulgaria's Oct Monthly Budget Deficit Shrinks to BGN 15 M [Nov 29, 2011] For the first ten months of 2011, the budget balance in the consolidated fiscal program (CFP) is negative at around BGN 842 M or 1.0% of GDP, according to preliminary data. The information was released by the press office of the Bulgarian Finance Ministry. ... [via YahooNews] More >>

Bulgaria's FinMin Happy with Lowered EC Economic Forecast [Nov 10, 2011] Bulgarian Finance Ministry Simeon Djankov has seen what he believes to be a major silver lining in the lower GDP growth forecast for Bulgaria announced by the EC. Bulgaria's economy is to grow by 2.3% in 2012, according to the EC Fall Economic Forecast for 2011-2013 unveiled by EU Commissioner for Economic and Monetary Affairs Olli Rehn Thursday; it is substantially lower than the 2.... [via YahooNews] More >>

Bulgaria's Budget Deficit Down 46% in Q1-Q3 2011 [Nov 01, 2011] Bulgaria's budget deficit has declined by 46% in the first three quarters of 2011 year-on-year, according to latest data of the Finance Ministry. Thus, in January-September 2011 Bulgaria accrued a deficit of BGN 826 M compared with BGN 1.51 B (a decline of BGN 692 M) in the same period of 2010. ... [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's Jan-Aug fiscal deficit at 1pc/GDP [Oct 03, 2011] SOFIA : Bulgaria 's fiscal deficit dropped 52.4 percent to 731.5 million lev ($501.4 million) in the first eight months mainly due to better tax collection, finance ministry data showed on Monday. [via YahooNews] More >>

Bulgaria's Aug Monthly Budget Deficit Shrinks to BGN 11 M [Sep 18, 2011] For the first eight months of 2011, the budget balance in the consolidated fiscal program (CFP) is negative at around EUR 732 M or 1.0% of GDP, according to preliminary data. The information was released by the press office of the Bulgarian Finance Ministry. ... [via YahooNews] More >>

Bulgaria's Govt Debt Sees Negligible Increase in June 2011 [Aug 15, 2011] Bulgaria's government debt amounted to EUR 5.33 B, or 13.8% of the GDP, at the end of June 2011, according to data from the latest government debt monthly bulletin of the Bulgarian Finance Ministry. ... [via YahooNews] More >>

Bulgaria Likely to Probe Possible Mobile Price Cartel [Aug 10, 2011] Bulgaria's anti-trust commission is likely to launch a probe into a possible mobile price cartel after both Sofia and Brussels rose up against the rates charged by local mobile operators, the highest in Europe. The Commission for Protection of Competition (CPC) will decide whether to carry out an analysis of the mobile services market after receiving the results of the finance ministry's check ... [via YahooNews] More >>

Bulgaria's Budget Deficit Down Q1, Q2 2011 Y/Y [Aug 01, 2011] The Bulgarian Finance Ministry has registered a budget deficit of BGN 650 M for the first half of 2011 or 0.9% of the expected GDP. In 2010, the budget deficit at the end of June, accumulated during the first six months of the year, has been BGN 1.... [via YahooNews] More >>

Bulgaria with 0.9% Budget Deficit in 2011 H1, Reserve Slightly Up [Jul 18, 2011] Bulgaria has completed the first half of 2011 with a budget deficit of 0.9% its GDP, according to latest data from the Finance Ministry. Thus, in January-June 2011, Bulgaria's deficit on cash basis under the government's Consolidated Fiscal Program amounted to BGN 652.... [via YahooNews] More >>

Bulgaria's Budget Sinks Deeper in May, Fiscal Reserve Up Slightly [Jul 01, 2011] Bulgaria's state budget registered a monthly deficit of BGN 45 M in May 2011, according to latest data of the Finance Ministry. The new monthly deficit comes after in April the Bulgarian budget enjoyed a surplus of BGN 190 M, which, however, was due to the annual contribution of the Bulgarian National Bank to it. Thus, in the first four months of 2011, Bulgaria's Consolidated Fiscal Program ... [via YahooNews] More >>

Bulgaria Registers Budget Surplus in April Thanks to Central Bank Contribution [Jun 01, 2011] Bulgaria registered a monthly surplus of BGN 190.5 M in April 2011, the second month in a row with a positive balance, the Finance Ministry announced. The April surplus appears to have resulted from the contribution of BGN 200.... [via YahooNews] More >>

Bulgaria Fin Ministry Acquires C-Bank Stake in Depository [May 12, 2011] Bulgaria's government has moved a step closer to packing together its stakes at the stock exchange and the depository in a bid to sweeten the deal for the bourse privatization. The central bank announced on Thursday it has decided to transfer its 20% stake in the central depository to the finance ministry. The two thousand shares will be purchased at their nominal value of BGN 100 apiece. ... [via YahooNews] More >>

Finance Ministry Hopeful Moody's Will Up Bulgaria's Rating [May 04, 2011] Moody's Investors Service is currently reviewing Bulgaria's credit rating and is likely to boost it, the credit agency says in a regular report cited by the Bulgarian Finance Ministry. Bulgaria currently has a Moody's credit rating of Baa3, the same as Romania, Hungary, Croatia, and Latvia; on April 5, Moody's placed Bulgaria's Baa3 sovereign rating "on review for possible upgrade". The ... [via YahooNews] More >>

Bulgaria's Finance Ministry Boasts Miniature Budget Surplus in March [Apr 18, 2011] Bulgaria registered a miniature budget surplus in March after substantial deficits in the first two months of the year, according to preliminary data of the Finance Ministry. Thus, in March 2011, the monthly balance of the Consolidated Fiscal Program of the government showed a surplus of BGN 8.6 M. ... [via YahooNews] More >>

Bulgaria, Ireland Form United Front against Common EU Tax [Apr 01, 2011] Bulgaria and Ireland have agreed to "strand up for their competitive advantages in the EU", in the wording of Bulgaria's Finance Ministry, apparently referring to joint opposition against common EU tax rates. Bulgaria's Finance Minister and Deputy PM Simeon Djankov met in Dublin Friday with Ireland's Prime Minister Enda Kenny amidst increasing EU-wide debate on common EU tax rates that are on ... [via YahooNews] More >>

Bulgaria Downgrades GDP Growth Hopes over Arab World Unrest, Japan Earthquake [Mar 28, 2011] Bulgaria's Finance Ministry has reduce its economic growth forecasts for 2012 and 2013 in light of the civil unrest in the Arab world and the aftermath of the devastating earthquake that hit Japan on March 11. Thus, Bulgaria's economy is now expected to grow by 4.1% in 2012 instead of the original figure of 4.... [via YahooNews] More >>

Bulgaria Shoots for R&D Spending of 1.5% of GDP in 2020 [Mar 28, 2011] Bulgaria's Finance Ministry has unveiled a "National Program for Reforms 2015" designed to boost economic and labor competitiveness with a variety of measures within EU's "Europe 2020" strategy. The National Reform Program was presented Monday by Deputy Finance Minister Boryana Pencheva at a public discussion at the Council of Ministers in Sofia, including EU Funds Minister Tomislav Donchev as ... [via YahooNews] More >>

Bulgaria to Pay EUR 300 M for 'Euro-Plus-Pact', Firm against Common EU Tax Rates [Mar 26, 2011] Bulgaria's decision to join the "Euro-Plus-Pact" - a deal for closer economic coordination between Euro Area states and non-euro countries which volunteered to join - will cost it EUR 300 M. Bulgaria will have to pay this sum in the first 12 years after it joins the euro zone, in five equal installments, according to an estimate of the Bulgarian Finance Ministry, Deputy Finance Minister Boryana ... [via YahooNews] More >>

Bulgaria Starts 2010 with Monthly Deficit of BGN 477 M [Mar 01, 2011] Bulgaria registered a monthly budget deficit of BGN 477.3 M on cash basis in January 2011, according to latest data of the Finance Ministry. The monthly deficit was formed by putting together the deficit of BGN 394.... [via YahooNews] More >>