Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgarian Cabinet Extends Deadline for Discounted Arrears
BULGARIAN CABINET EXTENDS DEADLINE FOR DISCOUNTED ARREARS
Date: 08/12/2010
Source: novinite.com
Bulgarian Cabinet Extends Deadline for Discounted Arrears

The Bulgarian government voted Wednesday an extension of the deadline the state has to refund discounted arrears to businesses to December 17, amidst an ever-growing amount of state dues to the private sector.

The previous deadline was set for November 30, but the Bulgarian Development Bank managed to pay just BGN 237 M out of BGN 289 M total of claims.

In the spring of 2010, the center-right GERB cabinet adopted a decision proposing to companies to receive their arrears for 2009 and 2010 given they agree to a 7% discount.

Many businesses have refused to accept those conditions and have requested to receive dues in full, but procedures for enforcing their claims are lengthy, especially when faced with a government that has proven chronically unwilling to pay.

It is estimated that end of September government and municipal arrears to businesses totalled BGN 826 M, which is a record amount for Bulgaria.

The Bulgarian Development Bank has stated it is ready to cover claims up to December 17.

Nevertheless, companies that fail to collect their dues until that date will have to press demands in 2011 to the relevant ministries and government agencies.


Topic: Business



Featured District
DOBRICH DISTRICT AND CITY INFORMATIONDobrich
Invest Bulgaria Charts
FDI to Current Account Deficit of Bulgaria
FDI to Current Account Deficit of Bulgaria

Exports of Goods and Services of Bulgaria
Exports of Goods and Services of Bulgaria

See all charts
Did You Know?
Bulgarian Yogurt
Bulgarian Yogurt
The Bulgarian yogurt is extremely popular in Japan ... More

Gena Dimitrova is reputed to possess one of the most prestigious voices ever, one of the few dramatic sopranos of the past 30 years, belonging to that class of artists who have tackled with disarming ease the most demanding of the heavyweight roles. Her voice blends an inherent lyrical beauty, superbly sustained by the refined technique of a soprano leggero with an impressive dynamic range culminating in an intensely powerful volume.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members