The total debts of the largest Bulgarian municipality – the capital Sofia – have declined to BGN 30 M, Deputy Sofia Mayor Doncho Barbalov announced.Barbalov, who is in charge of the finances of the Bulgarian capital, spoke Wednesday as he presented Sofia"s draft budget for 2012.Data of the National Association of Municipalities of the Republic of Bulgaria cited by Dnevnik indicated earlier that in...
Fitch Ratings has placed Bulgaria"s First Investment Bank AD"s long-term issuer default rating, support rating and support rating floor on its watch negative.The move reflects the potential for the ratings to be downgraded following a review by Fitch of the likelihood of support from the Bulgarian authorities, if required, the agency said in a statement.Fitch believes that the Bulgarian state has...
Bulgarian citizens, who have left the country, can be exempt from the obligation to pay for health insurance in Bulgaria, even for earlier periods of time.This is an amendment to the Health Insurance Act, which was voted by the Parliament along with the budget of the National Health Insurance Fund (NZOK). The information was reported by the National Revenue Agency, NRA.Until now, the law allowed t...
The Bulgarian cabinet will lower the Value Added Tax, VAT, with 1% by 2013, and will introduce tax police.The information was reported by the Bulgarian Standard daily, citing Deputy Prime Minister and Finance Minister, Simeon Djankov.Djankov says it would be rather impossible to bring VAT down to 18%, but a smaller step was "very likely." According to him, the cabinet will implement such step with...
Commitment, pro-activeness, shared knowledge, mutual dependency, and organizational linkage are some of the main factors defining the sustainability of this partnership. Proof of this is the many awards won by BE and 60K:Best UK Consumer Fixed Broadband 2010 and 2011 (according to ISPA):Best EMEA Outsourcing Partnership 2011 (European Call Center Awards): Highly commended award“This commenda...
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