Financial
Agefi: Americans Turn Bulgarians to Avoid Taxes
Americans are giving up their citizenship in order to obtain Bulgarian or Austrian passports, the Swiss financial daily "Agefi" claims. The grounds for this decision are...
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Financial News from Bulgaria
Bulgarian Financial News: Financial stories for investors from InvestBulgaria, with an archive going back to 2010.
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Financial
Bulgaria May Hold Referendum on Direct Taxes in 2013
Bulgaria, which has the lowest personal and corporate income tax in the EU at 10%, may change the levels of direct taxes after a referendum in 2013, a bill of the finance...
Financial
BNB Banker on Euro: No Rush to Run into 'Burning Building'
Bulgaria is in no rush to join the euro zone, according to Kalin Hristov, Deputy Governor of the Bulgarian National Bank. In an interview for Dow Jones Newswires cited by...
Financial
Retirement Funds 'Nationalization' Enters Bulgarian Constitutional Court
Some texts of the Social Security Act will be challenged in the Bulgarian Constitutional Court, the right-wing Blue Coalition announced Wednesday. The Coalition is joined...
Financial
BNB Head: Bulgaria's Finances Stable despite Doomsayers' Slander Campaign since 2008
Not a single one of the dozens of doomsday scenarios forecast for Bulgaria's economy and state finances by foreign and Bulgarian observers has materialized, central bank...
Financial
Fitch Confirms BBB- Rating of Bulgarian Development Bank
International credit rating agency Fitch has confirmed the long-term foreign-currency rating of the Bulgarian Development Bank at BBB-. The rating of the bank is the same...
Financial
Major Turkish Bank to Enter Bulgarian Market
Turkiye Is Bankasi AS, the largest private bank in Turkey, intends to open a branch in Sofia through its subsidiary based in Germany, Isbank GmbH. This has become clear f...
Financial
Bulgarian Finance Minister Heads to Georgia
Bulgaria's Finance Minister Simeon Djankov is on a three-day visit to Georgia, the Financial Ministry announced. On Monday, Djankov is going to participate with a public...
Financial
Council of Europe Dev Bank Oks EUR 25 M for Bulgaria's SME
The Administrative Council of the Council of Europe Development Bank has approved two projects in Bulgaria, aimed at providing financing for SMEs in order to promote job...
Financial
Bulgaria Revamps Euro Bid Plans, Eyes H2 11 for ERM II
Bulgaria's center-right government has revived its plans to apply to join the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, after it was forced to...
Financial
Bulgarian Govt Raises BGN 160 M from State Bonds
Bulgaria's government has raised a total of BGN 162 M from its latest sale of state bonds. The government initially planned to sell 10.5-year bonds for a total of BGN 25...
Financial
Bulgarian Finance Minister Vows 'Stability Budget' for 2011
Bulgaria's Minister of Finance Simeon Djankov presented the draft budget bill for 2011 in front of four parliamentary committees Thursday, calling it "a budget of stabili...
Financial
Bulgaria to Introduce Flat 9% VAT in Tourism April 2011
Bulgaria will introduce a flat 9% value-added tax (VAT) in the tourism sector as of the beginning of April next year under amendments that parliament adopted at first rea...
Financial
Eurobank: Bulgaria Economy to Shrink 0.3% in 2010, Grow 2.5% in 2011
The Bulgarian economy will contract by 0.3% this year and grow by 2.5% in 2011, according to Bulgaria's Postbank, controlled by Greek EFG Eurobank. The bank projects Bulg...
Financial
PM: Bulgaria Has Fantastic Tax Rates!
Bulgaria's prime minister has described taxes in his country, which has a flat tax applicable for all income levels and one of the lowest effective rates in the world, as...
Financial
IMF Wraps Up New Head First Visit to Bulgaria
The visit of a mission of the International Monetary Fund to Sofia, which started on September 23 and featured regular bilateral discussions on economic policies with the...
Financial
Bulgarian Interior Receives BGN 50 M Boost in Budget 2011
The funds allotted to the Interior Ministry in budget 2011 are 5% more compared to 2010, Bulgaria's Interior Minister, Tsvetan Tsvetanov, announced Saturday. The BGN 50 M...
Financial
Bulgaria Plans to Issue Bonds Worth EUR 1 B in 2011
Bulgaria is planning to sell bonds amounting to EUR 1 B on the international market in 2011 to shore up its finances, according to a finance ministry draft paper, cited b...
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