Expats

Bulgaria Spent 50% above Estimate for 2011 Elections [Jan 10, 2012] The Bulgarian state has spent BGN 39 M for the organization of its October 2011 presidential and municipal elections, according to official accounts released by the Bulgarian Ministry of Finance. This is with 50% more than the BGN 26 M estimate, used by Minister of Finance Simeon Djankov as a cost-saving argument to hold "2 in 1" elections. Minister Djankov had argued that should Bulgaria hold ... [via YahooNews] More >>

Bulgaria's National Palace of Culture to Become Public Company [May 04, 2011] The Bulgarian National Palace of Culture (NDK) in downtown Sofia is to become a public company, the country's Council of Ministers decided Wednesday. NDK will be a state company, initially within the Ministry of Finance, Finance Minister Simeon Djankov has explained. It will stay within the Ministry until a financial audit covering its last 10 years is carried out. ... [via YahooNews] More >>

Bulgaria Banks, State at Daggers Drawn over POS Fees [Apr 10, 2011] The Association of Banks in Bulgaria (ABB) and the Ministry of Finance are facing uphill negotiations over new legislation restricting cash payments, analysts say. At the end of January this year Bulgaria's parliament adopted amendments, which ban cash payments exceeding BGN 15 000. Amounts exceeding BGN 15 000 must be paid only through bank transfers, the MPs decided in a bid to prevent VAT ... [via YahooNews] More >>

Bulgaria's Budget Deficit Climbs to BGN 750 M in Jan-Feb 2010 [Apr 01, 2011] Bulgaria registered a deficit of BGN 750 M on cash basis in the first two months of 2011, according to fresh data of the Ministry of Finance, which is higher than the expectations of Finance Minister Simeon Djankov. In February, Bulgaria had a deficit of BGN 273.2 M, after registering a deficit of BGN 477 M in January.... [via YahooNews] More >>

Bulgaria to Focus on Export Economy [Feb 03, 2011] Bulgaria will rely more and more on exports for the growth of its economy, a national reform program, published by the Ministry of Finance, says. According to the reform program for the period 2010-2013 states that the gradual economic recovery of the country is supposed to be fueled by an increase in FDIs, export growth, as well as by a higher consumer trust. However, the GDP growth is expected ... [via YahooNews] More >>

Bulgaria Announces 14.3% GDP National Debt 2009 [Aug 31, 2010] The nominal amount of Bulgaria's national debt at the end of 2009 is EUR 4.8 B, announced the Ministry of Finance. Tuesday the ministry officially published its annual review of government debt for the previous year. [via YahooNews] More >>

Bulgaria Emits EUR 25 M in Eurobonds (Novinite.com) [Feb 01, 2010] The Bulgarian Ministry of Finance has opened a tender for bond management in a bid to emit 25 million in euro denominated bonds and meet the internal demand for state securities. [via YahooNews] More >>