Money

Bulgaria’s Revenue Agency Seals off 180 Retail Outlets over Infringements

Bulgaria’s Revenue Agency Seals off 180 Retail Outlets over Infringements

13:53 | 23.02.2017 | by Standartnews
T ax inspectors of the National Revenue Agency have sealed off 180 retail outlets across the country since the beginning of 2017. Tax evasion is the most common infringement committed by the retailers, followed by turnover conceal, discrepancies between the amount in the cash drawer and the registered sales, non-issuance of receipts, etc. Usually, the infringers have their outlets closed for between one and two weeks, or until the fines imposed by the NRA agents are paid. NRA...
Bulgarian Banks Collect BGN 1 B in Fees in 2016

Bulgarian Banks Collect BGN 1 B in Fees in 2016

12:10 | 20.02.2017 | by Standartnews
According to information of the Bulgarian National Bank (BNB), the revenues of the Bulgarian banks from commission fees and charges for 2016 amount to BGN 1.06 B, as against BGN 1.02 B in 2015. Bulgaria's banking sector has reported a record-high profit for 2016 in the amount of BGN 1.262 B – an increase by 40.5% (BGN 264 M) year-on-year. In 2016, the banks earned over BGN 3 B from loan interests, a small decrease from a year ago when the revenues from loan interests were...
Inflation Eats up Returns on Bank Deposits in Bulgaria

Inflation Eats up Returns on Bank Deposits in Bulgaria

08:47 | 16.02.2017 | by Standartnews
The recent hike in the retail price of vegetables and petrol in Bulgaria has triggered a 1.3% inflation rate in the first month of 2017, the National Statistical Institute (NSI) has said. This has been the highest inflation rate reported in Bulgaria for over four years now. The inflation rate for the period Jan 2016-Jan 2017 is 1.4% - the highest annual inflation rate for over three and a half year now. The annual inflation has now outgrown the interests on bank deposits in Bulgaria...
Rich-poor Gap Widens in Bulgaria

Rich-poor Gap Widens in Bulgaria

07:35 | 09.02.2017 | by Standartnews
According to information of the Bulgarian National Bank (BNB), at the end of 2016 there were 762 personal bank deposits worth over BGN 1 million each. For comparison, in the first half of 2014 their number was 749. However, after the collapse of the Corporate Commerce Bank on June 20th, 2014, Bulgaria's wealthiest people learnt not to put all of their eggs in one basket and started stashing their cash in a number of different banks, each deposit not exceeding BGN 196,000, the maximum...
Heating Failures Across Sofia

Heating Failures Across Sofia

11:49 | 08.02.2017 | by StandartNews
An accident left without heating and hot water large parts of the Bulgarian capital Sofia. The two neighborhoods of "Lyulin" - 4 and 5 are left without heating and there are problems in parts of the "Mladost" area as well. Eng. Bojan Paunov from provider Toplofikatsia informed that the cause of a problem there is the large shopping center on the boulevard "Tsarigradsko Shosse". It is a result of a major major accident, which was caused by an electric shock. Paunov declared that the...
Bulgarian Companies Pay 11% more in Taxes Last Year

Bulgarian Companies Pay 11% more in Taxes Last Year

10:04 | 07.02.2017 | by Standartnews
Bulgarian Business paid 11.6% in corporate taxes in 2016, statistics show. The revenues to the state budget from corporate taxes for 2016 amount to BGN 2.076 B, which is by BGN 216 M more than they were in 2015. The higher amount of paid corporate tax means that the companies reported higher profits for 2015 fiscal year, which is a signal for improvement of the business climate in the country. Similarly, the revenues from excise duties in 2016 increased by 10.66% (BGN 222 M)...
Sofia Attracts 45% of All Investments in Bulgaria

Sofia Attracts 45% of All Investments in Bulgaria

14:34 | 06.02.2017 | by standartnews
The region of Sofia attracts 45% of all investments in Bulgaria, including ones in production capacities, storage facilities and long-term material assets. Not surprisingly, the average monthly salary in Sofia is about 60% higher than in the rest of the country. In 2015, the northwestern region, including the capital, Sofia, has attracted investments in long-term material assets worth over BGN 9.6 B, the national statistical institute has reported. By contrast, the investments in...
Russia Stops Bulgarian Egg and Poultry Imports

Russia Stops Bulgarian Egg and Poultry Imports

10:10 | 06.02.2017 | by StandartNews
Russia announced that it is stopping imports of eggs, poultry and all related imports from Bulgaria and 14 other EU countries. The reason is that they may contain elements of the deadly epidemic of bird flu. The list of countries that are currently having problems with the disease was presented to the Russian authorities by the European Commission.
900 Households Without Electricity in Sofia

900 Households Without Electricity in Sofia

10:01 | 06.02.2017 | by StandartNews
900 subscribers in Sofia are without electricity, announced supplier CEZ. The reason behind the problem is the abundant snowmelt. The interruptions are occurring in the regions of "Vrubnitsa" and "Ovcha Kupel". In the "Nadejda" and ''Gorna Banya'' neighbourhoods power is already restored.
BSP Head Ninova: Bulgarians Are Paying BGN 10BN for A Paralell State

BSP Head Ninova: Bulgarians Are Paying BGN 10BN for A Paralell State

12:33 | 04.02.2017 | by StandartNews
The main statements by BSP leader Kornelia Ninova at the party's 49th congress today were: On change: ''In one word marks our lives today and it is injustice. And another word that we hear constantly and it is change. A change began both in the world and in our country. People want to be involved when decisions are made about their lives, not just victims. BSP launched such a change to plow Rumen Radev and Iliana Yotova for president and vice president. Today change is necessary....
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