Expats

Bulgaria's Ruling GERB Outlines 2012 Priorities [Jan 11, 2012] Maintaining low deficit and financial stability, reforms in the health care and social sectors, application of new anti-corruption measures, are all among the priorities for 2012 outlined by the Parliamentary group of Bulgaria's ruling GERB party. The Chair of the group, Krasimir Velchev, who spoke Wednesday during the first session after the Members of the Parliament returned from their winter ... [via YahooNews] More >>

Bulgaria seals new budget limits to buttress stability [Jun 30, 2011] (SOFIA ) - Bulgaria's parliament approved new budget limits on Thursday to buttress financial stability as part of a larger "financial pact" which will require changes in the constitution. [via YahooNews] More >>

Bulgaria's FinMin Yields Ground on Fiscal Board Vote after Meeting President [Jun 08, 2011] The parliamentary vote on the proposed changes to the Bulgarian Constitution to adopt a Financial Stability Pact is likely to put off till after the presidential and local elections in the fall of 2011, according to Finance Minister Djankov. Djankov announced his new tentative deadline for the adoption of the fiscal board on Wednesday after meeting President Georgi Parvanov, with whom he has ... [via YahooNews] More >>

Bulgaria's Banking System Stable, Corporate Lending on the Rise [Jun 01, 2011] Data on Bulgaria's banking system as of April 30, 2011, has indicated no negative change in its financial stability, according to the latest report of the Bulgarian National Bank (BNB). April has marked the highest monthly growth of corporate lending in Bulgaria since the beginning of 2011. BNB data shows that the liquid asset ratio, as calculated under BNB Ordinance 11, preserved its high level ... [via YahooNews] More >>

Bulgaria's Rightists Divided over Proposed Fiscal Pact [May 31, 2011] The two major parties in Bulgaria's rightist 'Blue Coalition' have ended up in a discord over their support for the Financial Stability Pact, a Constitutional amendment proposed by Finance Minister Simeon Djankov. After on Monday the Democrats for Strong Bulgaria party declared on behalf of the Blue Coalition that it will not support the amendment designed to restrict budget deficit, on Tuesday ... [via YahooNews] More >>

Bulgaria Almost Certainly to Enshrine 'Financial Stability' into Constitution by End-June [May 28, 2011] Bulgaria's Parliament will adopt novel amendments to its Constitution known as a "Financial Stability Pact" by the end of June 2011, the institution's head Tsetska Tsacheva announced with a high degree of certainty. The Financial Stability Pact, a brainchild of Bulgarian Finance Minister Simeon Djankov, is seen as a novel but controversial approach to guarantee state fiscal stability through the ... [via YahooNews] More >>

Bulgaria FinMin 'Stability' Brainchild Enters Parliament [May 27, 2011] Bulgaria's Finance Minister Simeon Djankov submitted to parliament on Friday a plan, known as the "Financial Stability Pact", which proposes constitutional amendments in a bid to ensure the stability of state finances. The parliament is expected to set up a special commission to discuss the legal amendments needed before the proposals are put to the vote, Djankov told reporters. "I have been ... [via YahooNews] More >>

Bulgaria to Enshrine 'Debt Alert Mechanism' in Constitution [Feb 24, 2011] EurActiv EU newcomer Bulgaria became the first country to try to adopt internally a series of measures emulating the EU 'Competitiveness Pact' proposed by France and Germany, including adding to the country's constitution a 'debt alert mechanism'. Bulgarian Finance Minister Simeon Djankov presented on 22 February plans for a 'Pact for Financial Stability'. ... [via YahooNews] More >>

Bulgaria mulls 'financial pact' to buttress stability [Feb 22, 2011] (SOFIA ) - Bulgaria's finance ministry presented on Tuesday plans for a new 'pact' to buttress financial stability through a series of fiscal measures. [via YahooNews] More >>

Bulgaria Opens Public Debate on Financial Stability Pact [Feb 17, 2011] Bulgaria's government plans to begin next week a public debate on proposed constitutional amendments designed to bolster and guarantee the country's financial stability, the finance minister has said. "With these measures we want to show the Bulagrian citizens, the Europeans and the world that Bulgaria will be the country with the most stable financial and tax policy in Europe," Minister Simeon ... [via YahooNews] More >>

Bulgaria's Finance Minister Reveals Plan for Financial Stability Pact' [Feb 08, 2011] Bulgaria's Finance Minister Simeon Djankov has officially announced proposed Constitution amendments designed to bolster and guarantee the country's financial stability. The measures termed "Financial Stability Pact" were announced by Djankov on Tuesday at a lecture at the New Bulgarian University in Sofia following the US tradition in which crucial policy speeches are delivered at academic ... [via YahooNews] More >>

Bulgaria Govt Stands Firmly by 2013 Referendum on Taxes [Feb 04, 2011] Bulgaria's finance minister has fervently defended his suggestion for raising direct taxes only by referendum in the future, which opponents have slammed as an impracticable and cowardly idea. "I call these measures the Financial Stability Pact, as they aim to guarantee Bulgaria's financial discipline and economic stability in the long term," Minister Simeon Djankov said on Friday from the ... [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 >>

Former FinMin Velchev: Bulgaria's Financial Stability Falters [May 26, 2010] Milen Velchev, Bulgaria's former finance minister from the centrist government of Simeon Saxe-Coburg, has issued an alert over the country's crumbling financial stability". [via YahooNews] More >>

Bulgaria Faces Junk Grade on Foreign Debt, Fitch Says (Update1) (Bloomberg) [Mar 05, 2010] March 5 (Bloomberg) -- Bulgaria, the European Union member with the smallest budget deficit, may still see its credit rating lowered to junk as an external debt burden bigger than total output threatens financial stability, Fitch Ratings said. [via YahooNews] More >>

Bulgaria Faces Junk Grade on External Debt Concerns, Fitch Says (Bloomberg) [Mar 05, 2010] March 5 (Bloomberg) -- Bulgaria, the European Union member with the smallest budget deficit, may still see its credit rating lowered to junk as an external debt burden bigger than total output threatens financial stability, Fitch Ratings said. [via YahooNews] More >>

Bulgaria Faces Junk Grade on External Debt Concerns, Fitch Says (Bloomberg) [Mar 05, 2010] March 5 (Bloomberg) -- Bulgaria, the European Union member with the smallest budget deficit, may still see its credit rating lowered to junk as an external debt burden bigger than total output threatens financial stability, Fitch Ratings said. [via YahooNews] More >>