Debt Dispute In A Bulgarian Village Ends in Tragic Murder Over 42 BGN
A horrifying incident unfolded in the quiet village of Yudelnik, near Ruse, as a dispute over a mere 42 BGN (21 EUR) culminated in a fatal outcome
The Bulgarian government approved Wednesday a mechanism of paying some BGN 500 M to private companies through the Bulgarian Development Bank.
The money is part of the some BGN 1.5 B owed by the government for executed public procurement orders, whose payment the Finance Ministry delayed at the end of 2009 in order to keep the budget deficit below 1%.
Under the new mechanism, the Bulgarian Development Bank, which is 100% state-owned, will be in charge of repaying part of the state debt to private firms. The arrangement applies to public procurement services provided before December 31, 2009, which were not paid for until March 31, 2010.
The Bulgarian Development Bank is going to use BGN 100 M from its own reserves in order to start the payment procedure, and the state is expected to transfer to it additional BGN 400 M.
The payment of government debt owned to private companies was presented last week as one of the 60 anti-crisis measures agreed upon by the Bulgarian state, the trade unions, and the major business organizations after weeks of meetings of the Council for Tripartite Cooperation.
Last week the government announced that the Bulgarian Development Bank was going to issue bonds worth about BGN 550-600 M in order to generate money that will be used to pay back state dues to private entities.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022