Finance

The Supreme Administrative Court entered a protest against the decision to allow the sale of VAP YRY SH5% stake in BTC to Viva Ventures. The court may assess the admissibility of the complaint. There is no time limit within which the action is brought under it. According to the Deputy Attorney General, neizlaganeto reasoning in the decision is a violation of the prescribed form and is a material breach of administrative and production rules. In protest, writes that the question of the act is inconsistent with the purposes and the law.

In 2007, the contribution of Bulgaria to the EU budget will be 1.22 per cent of gross national income in 2008 - 1.29 and in 2009 - 1.19 a hundred. Tova reported our financial ministry, quoted by Darik Radio. As forecast, this means that in the first year of the EU contribution will amount to 280 million euros in the second - in the third 31ch - 30sh million U.S. dollars. Dues

According to the deputy Rousse Agnelli Chobanova NMS is suspected that the Privatization Agency to function independently, without a decision by the Council of Ministers to sell 30% stake in Bulgarian River Shipping navigation, announced BNR. She added that if the sale is illegal, dealings in the shares must be declared null and void. After a discussion in Parliament for the sale of 30% stake in Bulgarian River Shipping Company and the decision on a moratorium on other transactions with our national carrier of the river, the deputy Agnelli Chobanova fell into political isolation. This occurred after colleagues accused him, which allowed the opposition to criticize the government.

You can expect that the price of wheat from the new crop to be 180 per ton, excluding VAT, if, with reference to international prices. He said the BNR President of the Union millers Hristo Andreev. Financial condition of the mill is not stabilized even after the decision of International Court of Justice to re-introduce import duty on flour, he added. He said he hopes the new crop begin to fill the State reserve in the late autumn months and will not intervene in the market is still too early to determine the price of wheat.

Deputy Prime Minister and Minister of Economy Lydia Shuleva will meet in London with British Minister for small and medium-sized enterprises Neychal Griffiths and Mayor of the City of London Robert Finch. She will present the British business investment opportunities in Bulgaria. Meanwhile, in Belgrade opened the fourth session of the Joint Bulgarian-Serb Montenegrin Commission for economic cooperation. The head of the Bulgarian Delegation is Deputy Prime Minister Nikolay Vassilev, who will confirm the priorities for our country, the Pan-European Transport Corridor 8, 10, and will make a proposal on the liberalization of transport. Will be discussed and the modernization of the existing border crossing points and removal of administrative barriers to the free movement of people and goods.

Achieved so far is really great, but there is a lot of work that we celebrate on January 1, 2007 as a full member of the European Union. This was stated by Finance Minister Milen Velchev in his speech at the opening of a seminar on "Structural Funds and the accession. - The case of Bulgaria," a two-day forum, held in Boyana residence, organized by the DG and the expansion of the Regional Policy DG, European Commission and the Ministry of Finance and the Ministry of regional development. Minister Velchev presented specific goals and objectives pursued in Bulgaria absorption Structural and Cohesion Funds, the Ministry of Finance. Speaking at the opening ceremony Leig Jean-Charles, Director General for Regional Policy of the European Commission, presented the economic and social cohesion policy of the European Union and the principles governing the structural funds.

During the IMF mission for the next agreement between the Fund and Bulgaria to discuss supply UDF. Nikola Nikolov, said after meeting representatives of the party with the Resident Representative James Roaf Fund. According to Nikolov, Roaf has approved a number of proposals, but he declined to specify which ones. According to him, there is no direct connection between the current account deficit and credit growth. He added that the measures taken against the credit expansion that affect the liquidity of the banks, limit the amount of loans rather than their quality.

Bulgaria will receive sh1900 thousand grant from the European Commission. This ensures that the Council of Ministers approved the financial memorandum to the special program "PHARE 2003" to help with the closure of units in the plant and follow-up in energy between the government and the European Commission. Its main purpose is to strengthen nuclear safety and support for the Nuclear Regulatory Agency in the development of requirements and procedures for closing the first and second blocks of nuclear energy. w0 million of funds provided are financial assistance from the European Bank for Reconstruction and Development announced the service. Those government information will be on the Framework Agreement between Bulgaria and in 2001 the Bank's Operational management will be made after consultation between the financial institution and the Ministry of Energy and Energy Resources. Another 1.9 million will get our country in a project to support the NRA in the development of requirements and procedures for closing the first and second nuclear power plant unit.

Minister of Transport and Communications Nikolay Vassilev expressed satisfaction with the advanced construction of a new passenger terminal and adjacent facilities at Sofia airport, said the BNR. Minister Vassilev visited the new site, along with representatives of the Austrian company Strabag Board Executive Director. Nikolai Vasilev said that Sofia Airport is the number one priority infrastructure projects in Bulgaria. The terminal is expected to be ready by August 31, 2005. The question is whether the reason for requesting a price increase due to increased project cost of iron, he said that the price of cement can not be decreased compared to last year, but it's not my problem.

Bulgaria's gross external debt amounted to 11.3 billion w0, according to the latest data on the BNB. This amount is equal to 58% of the gross domestic product. Compared to last year, external debt increased by more than one billion dollars. From the beginning, our country has made payments on foreign debt amounted to ch22, 500 million of loans exceeds 710 million.