Parliament has approved an increase in Bulgaria’s shareholding in the capital of the Black Sea Trade and Development Bank. At the beginning of 2023, the bank’s board of governors adopted a strategy for increasing its capital by over EUR 244 million by 2030. To keep its 13.5% shareholding, with EUR 93 million in paid-up capital, Bulgaria needs to pay another EUR 33 million in equal installments up until 2030.
The bank is the financial institution of the Black Sea Economic Cooperation organization and finances regional projects from the public and the private sector. After 1999 it has supported 39 projects in Bulgaria worth EUR 232 million, or 10.5% of all of the bank’s active operations.
The Ministry of Finance approved a concept of a draft bill of the state budget for 2023, according to which a deficit of 3% will be attained by raising some taxes, dropping preferential VAT as of mid-2023, and raising toll fees, as well as raising..
Bulgarian international flights in 2022 have reached 74.8% of the 2019 level . This was announced by the Bulgarian Airlines Association Chair Svetoslav Stanulov at a press conference, at which an aviation market analysis was presented. There are 19..
Finance Minister in the caretaker cabinet Rositza Velkova has asked the ministries, by letter, to cut expenditure by 20% due to a risk to the budget, Trud and 24 Chasa write in their online versions. The cause for concern is the..
The Ministry of Finance approved a concept of a draft bill of the state budget for 2023, according to which a deficit of 3% will be attained by raising..
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