The European Bank for Recovery and Development (EBRD) expects an increase of the GDP rate with 1.9%. During the previous year the institution was expecting the growth to reach 1.7%. The financial institution emphasizes that the fiscal position of the country remains stable with low deficit. It is also pointed that because of the successful [...]
Continuing from New Tax Rates in Greece As From The Beginning of 2013 – Part I The law decreases the number of tax categories from eight to three and imposes 42% rate of the incomes over 42 thousand Euro annually. Up to now incomes over 60 thousand euro annually were taxed with 40%, incomes over [...]
After the parliament approved some unpopular measures of increasing its own incomes, which is one of the main requirements for obtaining an international financial help, the households in Greece should go through higher taxes and more expensive electricity in the New Year. During the parliament session, the majority of the MPs approved the new legislation, [...]
Bulgaria continues to be one of the countries with the lowest inflation rate within the EU with inflation rate in March of 1.7%, which is the third lowest after Sweden (1.1%) and Greece (1.4%).On the other side, the highest inflation rate was indicated in Hungary (5.5%), Estonia (4.7%) and the Czech Republic (4.2%). According to [...]
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. [...]