According to preliminary data of the Bulgarian National Bank, at the end of 2016, foreign investments in the Bulgarian economy totaled 682.8 million euros, which means a decline of 59.7 percent from a year earlier.
Throughout 2016 the growth rate of foreign investments has been slower in comparison to 2015. The main flows of foreign investments continue to come from offshore locations such as Luxembourg, as well as from countries with favorable tax legislation such as the Netherlands, where a number of subsidiaries of many companies from third countries that operate in Bulgaria are registered.
There will be no increase in taxes or suspension of social payments, Minister of Labor and Social Policy Borislav Gutsanov said in an interview with public broadcaster BNT. Borislav Gutsanov stated that the Ministry of Labor and Social Policy..
Temperatures in the mountains are relatively high for the season and it is windy and foggy on higher ground. However, the conditions for winter sports and hiking in the mountains are good, reported BTA. On Friday it rained in some mountain areas,..
The convergence report for joining the Eurozone will be requested after February 18, when the draft state budget is submitted. In an interview with public broadcaster BNT, Bulgaria’s Prime Minister Rosen Zhelyazkov stated that the draft budget..
"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said..
Captain Lyubomir Chanev and chief mate Danail Veselinov returned to Bulgaria. They were held captive by Yemen's Houthis for 430 days. The Galaxy Leader..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
Partly Cloudy
Cloudy
Mostly Cloudy