Finance

Deutsche Bank seeks to expand its cooperation with Bulgarian companies, offering a long-term financing of infrastructure projects in the country. This was announced today at a meeting with Deputy Prime Minister and Minister of Economy Lydia Shuleva Narrow Haydebrek background, board member of Deutsche Bank, announced by the Government Information Service. The financial institution has an interest in participating in projects to pave roads, upgrade housing, hospitals in the other. The interest of investors in Bulgaria have shown, many firms in the German province of Saarland at the meeting with the Prime Minister of Bulgaria took place last week in Saarbrucken. The discussion was organized by the Chamber of Commerce of the province, in the form of interest on the German side was extremely high.

• Price of our foreign debt began to fall • • request: to be taken down! It is paid into the registry of IPY. TIP • • the first reaction: "It's amazing," "do not have the words" • • main reason for retirement: Differences with the deputies of the National Movement Simeon AI • Latest: • About an hour last meeting Velchev and Prime Minister Simeon Sakskoburggotski. And then she can not answer the question of the resignation of Finance Minister will be officially filed in the records of the Council of Ministers. After graduating from the government building Velchev said that he could not specify a time frame in which the prime minister would consider his motives, and decide whether to accept the resignation or not. The Minister of Finance said that he did not believe the changes in the management of M.

The reasons for the resignation of Finance Minister Milen Velchev sound convincing. Duty-free shops and the policies that the government should lead to one of the bases. I do not think hiding something Velchev told Darik Radio government spokesman Dimitar Tsonev. At its extraordinary meeting of the Cabinet of Ministers on the issue of resignation is not necessary. The Prime Minister will consult and act quickly on this issue, he said. Tsonev said Saxe-Coburg met with his deputy Plamen Panayotov last night, August 7.

Ministry of Finance will not issue a permit for the activity of free trade, the press center of the financial department. Tova will continue until the draft law on amendments to the Excise Act was discussed and considered by the Budget and Finance Committee of the National Assembly. Fees for participants, whose documents were reviewed, they will be reimbursed. Recall that a week ago, three companies were declared entitled to and which were allowed zabezmitna trade.

The fall of the ceiling of pensions from January 1 200ch year, is not rational. At the same time, Deputy Finance Minister Lubomir Datsov. Spored its actual pension than average chance of a patch. Datsov work says that as the ceiling violates the principle of solidarity. We spend over 200 million for social pensions for those who have either not worked or is not granted, the deputy ministarat. At the same time will lead to an increase in pensions will exceed the size of the average wage in the country. Some retirees will take more than two times their salary, said Datsov. Toy said that due to the collapse of the ceiling in the budget for the year should provide 200ch 1sh0 million more than this year. Deputy Minister Datzov said that if the resignation Velchev be accepted, it does not automatically applied, because he is an expert. This will happen only when the change in policy of the Ministry and to weaken fiscal discipline.

Continue to assert that the dismissal of Welch, and no one filed by the deputy of the Coalition for Bulgaria Tatyana Doncheva. Thee told national radio that if you have filed his resignation, he could not leave because it is in fact unilateral act. Tova Velchev that he decided to consider his resignation means that he did not reach any publicly stated reasons or those who said that Doncheva added. Spored this means that the place of the Minister of Finance in the cabinet is determined by itself, not the Prime Minister.

Finance Minister Milen Velchev will meet with head of IMF mission in Bulgaria, Gerald Schiff, and the new Permanent Representative of the Fund in Bulgaria and James Rouf. Velchev Schiff began negotiations to address the budget this year and the following parameters. The mission of the International Monetary Fund in the country starting today. It includes an overview of the budget for 2003 and subsequent preparation of the budget for the 200ch year. Representatives of the foundation are firmly convinced that the budget deficit should not be increased.

Since early July the Bank began encouraging provide long-term loans guaranteed by the European Investment Fund. So far approved 13 loans for approximately 5.1 million euros. Ochakva the end of 2005, when the deadline for the implementation of credit lines with reduced costs for the total value of 1h million euros. Loans under the line of the insurance contract between the bank and the European Investment Fund. This line is expected by the end of 2005, is expected to be credited projects worth at least 19 million people. After the success of the promotion of the bank guarantee line is expected to release a new line in support of the Bulgarian entrepreneurs.

Contributors to the bankrupt in 1999, and unclaimed bank loan until March 200ch year compensation from the Deposit Guarantee Fund to the banks lose their rights. This was stated by R. Markov, chief specialist of the Fund. Napomnyame, in accordance with the previously applicable law, the limitation period for the payment of insured deposits of failed banks is 5 Godin. Maksimalnata amount you can get the workers to the bankrupt credit bank sh900 leva. While the fund has paid more than 95% of insured deposits in a credit bank. The attendants in the Balkan Universal Bank should pursue it until April 2005 to the present maximum, which is the deposit insurance fund in the amount of 100% 15 000. By 2007, the Ecstasy would amount to 39,200 or 20,000, in accordance with EU requirements. At the present time, the funds accumulated in the Fund is 189 million, representing 1.95% of total deposit base.

Agreement to provide warranty service between the European Investment Fund and the Bank of $ 7 million will be signed at the Ministry of ikonomikata. Garantsiite on this line will allow the bank to provide loans at preferential investment requirements for collateral.