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The ruling party NDSV promises tax cuts if it wins a second mandate.
The economic policy guidelines, presented by the ruling party NDSV focused the debate on the tax burden in the country. The changed offered is mild rather than radical, however we may now distinguish an alternative to the socialists’ program.First, the tax cuts would start from the heaviest taxes, namely the tax-insurance burden...
The government decided to grant the Varna & Bourgas airport concession to Copenhagen Airports.
The decision is expected to have impact on Bulgarian Black Sea tourism development.The changes will affect both the physical infrastructure and the business operations model of the two airports. Up to now, we know of the following plans of the selected concessionaire:1. Construction of a new terminal in Varna and reconstruction ...
Foreign financing increased, BoP statistics suggests.
On an 12-month basis to January 2005, foreign direct investment to Bulgaria reached EUR 2018 million (EUR 30.5 for January 2005). In Q4 of 2004 they skyrocketed to EUR 1032 m, or double the volume of Q4 of 2003. However, most of this volume came as a payment on the privatization of regional power distribution companies sold earl...
Economic growth accelerates for a fifth quarter in row.
Economic growth accelerated in the last quarter of 2004. The real GDP growth reached 5.6% having been no more than 3.9% a year and a half before. In nominal terms, the economy now produces ?19.4 billion per year, which is exceeds the 1998 level by about 2/3. The last two quarters of 2004 registered record high levels of GDP grow...
IMF Mission to Bulgaria and the revision of fiscal policy.
The agreement between the IMF mission and Bulgarian government will affect mainly public investment expenditures. The listed capital of ‘Public Investment Projects’ corporation will be reduced from BGN 340 million to 220 million. Additionally, the government committed itself to cut another BGN 117 million in expenditures. This r...

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