Fitch Ratings has kept France"s AAA debt rating but has revised its Outlook from negative to stable, the global credit rating agency announced Friday.“Fitch Ratings has today affirmed France"s Long-term foreign and local currency Issuer Default Ratings (IDRs) as well as its senior debt at "AAA". Fitch has also simultaneously affirmed France"s Country Ceiling at "AAA" and the Short-term foreign cur...
The global economic outlook is gloomy and no country is immune from the escalating risks, the head of the International Monetary Fund has warned."There is no economy in the world immune from the crisis that we not only see unfolding but escalating," Christine Lagarde said, speaking at the US State Department in Washington.The IMF head said global economic leaders now needed to take a rounded appro...
The unusual practice of mapping luxury real estate properties across Bulgaria from the skies via a helicopter has resulted in the country"s National Revenue Agency collecting BGN 20 M more in tax money.In an interview for the TV 7 private channel on Monday, National Revenue Agency head Krasimir Stefanov described the helicopter raids as one of his institution"s most successful campaigns over the p...
Bulgaria"s Deputy Prime Minister and Finance Minister, Simeon Djankov, declared Saturday that it was fair to implement reforms after the conclusion of the election in the country.In an interview for Darik radio, Djankov assessed "bending before labor union pressure" as a mistake, saying it had delayed even further both the retirement reform and the reform in the heavily-indebted State Railways com...
In cases when the Court of First Instance has not granted an injunction, the plaintiff has the right to appeal to a court of higher instance, in which case a copy of the appeal is not presented to the debtor. The moment the debtor finds out about the injunction is the moment he is served with a notification of the imposed injunction through an official receiver, or through the Re...
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