German Chancellor Angela Merkel and French President Nicolas Sarkozy seek to craft a master plan for rescuing the euro over the next two months, they made it clear in Berlin Monday.In their first meeting for 2012, Merkozy said they aimed to wrap up negotiations among euro zone countries on a new fiscal pact tightening budget discipline in January, and to get it signed at the latest on March 1.The...
Standard & Poor"s Ratings Service confirmed its long- and short-term foreign and local currency sovereign credit ratings on Bulgaria at "BBB/A-3" with a stable outlook."The ratings on Bulgaria reflect our view of the government"s strong track record of appropriate fiscal policy and low gross and net general government debt," the rating agency said in a statement.According to the agency the cou...
Bulgaria"s Deputy Prime Minister and Finance Minister, Simeon Djankov, confirmed Thursday that the cabinet plans to lower the Value Added Tax, VAT, with 1%-2% by 2013.Speaking in an end-of-year interview for the largest private TV channel bTV, Djankov announced the intention to reduce VAT had been written in the program of the ruling, center-right Citizens for European Development of Bulgaria part...
Bulgaria"s Finance Minister and Deputy PM Simeon Djankov has greeted with excessive excitement the news that Standard&Poor"s has affirmed Bulgaria"s outlook to stable."Only two EU countries have had their credit rating affirmed as stable this year," Djankov declared in his comment on the S&P announcement.In his words, the greatest news is possibility that S&P might consider increasing...
Bulgaria has attracted a total of EUR 37 B in foreign direct investment in 2001-2011, show estimates of the "Investors of the Decade" Survey of Novinite.com (Sofia News Agency) and Novinite.bg.This makes 2001-2011 the most successful decade in Bulgaria"s history ever in terms of attracting FDI.Final data of the Bulgarian National Bank and the InvestBulgaria Agency shows that in 2001-2010, Bulgaria...
News