Interim Forecast of the European Commission – the Eurozone Is in a Slight Recession, Bulgaria Ranked 5th for Economic Growth for 2012
The last report of the European Commission on the growth of the EU member states, dated 23th February 2012, provides that despite of the expectations for recession in the Eurozone in general, Bulgaria is expected to demonstrate a steady economic growth and for that reason it is ranked 5th among the countries for economic growth. The European Commission revised entirely its forecast for economic growth of the EU member states… Continue reading »
Posted in Bulgarian Tax Guide, Clients Showcase, Consulting, Doing Business in Bulgaria, Incorporation, Taxation Tagged Accounting Services in Bulgaria, Annual Tax Return, bulgarian labor code, bulgarian national bank, business in Bulgaria, Corporate Income Tax Act, GDP, labor code bulgaria, Legislation, Tax Services in Bulgaria, Taxation, taxation bulgaria, Value Added Tax, VAT
Restrictions of cash payments in Bulgaria
By the adoption of the Limitation on Cash Payments Act (the „LCPA”), promulgated in the State Gazette, issue 16 of 26 February 2011, it is aimed to limit the so called „grey sector” in the national economy. In the reasoning of the Bill on Limitation of Cash Payments, the Council of Ministers, which has proposed the Bill, states that similar restrictions on cash payments exist in other EU member states… Continue reading »
Posted in Accounting, Consulting, Questions & Answers, Taxation Tagged accounting bulgaria, accounting provider, Accounting Services, Accounting Services in Bulgaria, bulgarian national bank, Cash Payments Act, cash withdrawals Bulgaria, Labour Code Bulgaria, payments by bank transfer
Bulgarian Economic Developments, January 2011 – Macroeconomic environment and policies in brief
In March 2011 Bulgarian Ministry of Finance published study overviewing the macroeconomic environment in Bulgaria. We would like to present to your attention in brief of the most important topics of the report:
• Industrial sales, domestic trade and construction indexes performance improved significantly in November 2010, according to the latest available data. Overall in 2010 GDP is expected to register a small positive growth, driven by strong exports… Continue reading »
Posted in Doing Business in Bulgaria Tagged bulgarian national bank, GDP, Governmental debt, unemployment
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