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Proposed changes in real estate tax valuation.
The Ministry of Finance (MoF) proposed an average 20%-increase of tax valuation of real estate property for 2006. The ‘tax value’ is used to calculate annual property tax, garbage collection municipal fees and property transaction tax. The change will probably be accepted by the government and consequently the parliament. There ...
Industry Watch released Q3 2005 Housing Market in Bulgaria report.
The report is available through subscription, prices start at BGN 890 per annum. For more details, use the link on the right or contact us at: subscription@iwatchbulgaria.com....
In a secret vote on 27th July, the parliament rejected the government proposed by socialist leader Sergei Stanishev.
The coalition had 116 votes; it could also count on one MP that left the Ataka faction earlier and openly announced its support for BSP cabinet. The vote was a two-stage one: first, Sergei Stanishev had to be approved as prime minister, and second, the parliament had to approve the structure and the staff of the cabinet. Stanish...
Short-term fiscal policy of the new government: possible scenarios.
Industry Watch report is available in Bulgarian; please contact us for more details....
Trakiya Motorway concession would have a significant fiscal and macroeconomic effect in Bulgaria.
Privatization and deregulation in Bulgaria are often subject to obstacles imposed by the Judiciary. From the recent history we know that, although the formal justification of the judicial intervention is always check of procedures and their consistency with the law, in most of the situation expediency is the leading argument.The...
Credit stood unchanged in May, despite increase in monetary base.
Credit to private sector remains at BGN 16,421 by end May, revealing stabilization of banking lending.The M3 aggregate grew by 2.1% to BGN 22,490 million; most of the expansion was due to increase in monetary base. The latter grew by BGN 238 m in May, or 3.5% up from April. The fiscal policy continued to be restrictive, by pilin...
Privatization of the biggest power plants opens smoothly.
The initial offers for three of the biggest thermal power plants in Bulgaria revealed a huge interest by international players. From a macroeconomic standpoint it is generally unimportant who the owners will be. Moreover, from the privatization tradition in the country we know that it is too early to speculate on the name of the...
Housing Market in Bulgaria/April 2005 is available to subscribers.
The April update of our regular report was released today. For more information and subscription, please click the product button on the right....

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