Sat, Feb 11 2012
Simeon Dyankov, Finance Minister and Deputy Prime Minister.
Photo: Tsvetelina Angelova
Bulgaria’s Budget deficit and the need to prioritise spending on health care and infrastructure mean that it is very unlikely that pensioners and public servants will get 13th cheques at Christmas 2009, Finance Minister Simeon Dyankov says.
Bulgaria’s Cabinet concentrates on the revenue part of draft Budget 2010
Hard liquor excises will be kept intact in 2010 and city councils will each decide on lifting local taxes, Bulgarian ministers told a special news conference on October 11 2009.
The euro area economy is showing signs of stabilisation, but it would be premature to declare the crisis over, European Central Bank President Jean-Claude Trichet told the European Parliament’s economics committee.
Outstanding municipal debts are expected to top out at 200 million leva at the end of the year, Dora Yankova, mayor of Smolyan and chair of the National Association of Municipalities (NAM) in Bulgaria, said.
If the ministry succeeds in raising the excise duty to 76 euro in 2010 from the previously planned 64 euro, prices would increase by an average 30 per cent
Legislative amendments provide for a serious change of functions for both the Interior Ministry and the State Agency for National Security.
Works will be reviewed by a group of judges, and winners will receive certificates and prizes.
Seven arrested, including ‘The Squirrel’ who was found in possession of 10 00 euro, Interior Ministry says. Mobile phones, computer equipment and drug paraphernalia seized.
Maximum temperatures across the country will remain mostly below zero.
The first tremor was at about 12.34am, followed by another three minutes later. Their epicentres were located between the towns of Radnevo and Topolovgrad.
There was no risk of blackouts caused by insufficient power supply, Economy Minister Traicho Traikov told Bulgarian National Radio.
It is so unfortunate that I actually voted for this party on the last elections. I regret the fact that Minister Dyankov has proven his intelectual capabilities in the field of public finance in such a inrrefutably damaging for the Bulgarian economic health manner. Slashing the public budget by 15%, closing 100 hospitals, cutting 10% of the health ministry budget. The result - strong economic shock, long-term disbalance the economic equilibrium, higher unemployment, higher taxes on a local level etc. etc.
Once again, I feel ashamed to be bulgarian in a time like this. And Mr. Dyankov should [...]
Read the full comment be too.
In times of shaken world economy, instability of the work force, lower production levels and on top world health pandemic....Mr. Dyankov brainstorming results are going to produce a reduced government spenditure. At what cost, Mr. Dyankov? At what cost? And is any of this going to result in freeing up capital to the free sector...not at all...because the investment rate is low and consumers consumption rate will be low -when you are unemployed, you don't spend a lot. So the only source for your GDP will be the net export...well I hope the increased Contraband of cubin cigarettes help..but I doubt it, because they do not like to pay duty fees.
Mr. Dyankov, I honestly cannot express my regret for voting for you.
Raptor,
BG has one of the worse bureaucracy, but as I've said here, humans do act from habit.
This is the reason I am so high on the EU with all of their bureaucracy in turn - sometimes an external pressure is the only help against one's habitual inertia.
About friggin time - once I visited a local administrative office just to get a document stamped. It went something like this.
In the office was sitting four people at four separate desk. So, first stamp, then next desk for another and so on!! Each time paying a fee.
After this event, had to produced the document (x 4 stamps) at another office after waiting 40 + minutes in a line. The clerk then asked me to pay 5 c in order to pay for the receipt for the 5 c so [...]
Read the full comment I could receive my final stamp!!
Good idea as less taxpayer money will be spent on useless bureaucracy.
However, it won't help the unemployment problem...
I've waited 20 years for that....
Excellent work!