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26.03.2008 New Trade Register and Registration of Companies in Bulgaria
BulgarianProperties Head Office
The new trade register is hosted by the Registration Agency and is planned as a unified data base of all companies in Bulgaria and their details, which will be publicly accessible and centralized. This is a needed and helpful change in the administration and the results will soon be seen.
However, there is a complication that the Law makes for the registration of companies. The complication is that all existing companies need to submit their tax declarations for previous years to the new online register by 30.06.2008. This means that the companies need to first be registered there, so that their declarations are submitted on time. This actually is a contradiction to the term of 3 years and the Law reduces this term to 6 months for the majority of the companies. It is expected that this law will change soon but if it doesn’t, there will be fines for not submitting declarations by 30.06.2008.
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08/August/2011
BULGARIAN PROPERTIES
The Bulgarian government has decided to give the airport in Balchik to the Ministry of Transport, Information Technologies and Communications. The government intends to turn it into a civil airport.
At present Balchik Airport is an inactive military airport. The change in its function will improve the flight services along the Bulgarian Black Sea coast, especially during the high s... read more
02/November/2011
www.novinite.com, 1.11.2011, excerpt
Bulgaria's budget deficit has declined by 46% in the first three quarters of 2011 year-on-year, according to latest data of the Finance Ministry.
Thus, in January-September 2011 Bulgaria accrued a deficit of BGN 826 M compared with BGN 1.51 B (a decline of BGN 692 M) in the same period of 2010.
In the first three-quarters of the current year, Bulgaria's national budge... read more
20/February/2012
bulgariaski.com
A lot of snow, music, shows on the ski runs and a real constellation of famous stars - this is how Bulgaria's top ski resort of Bansko looked before the start of the World Ski Cup.
The legendary skier Alberto Tomba arrived in Bansko just a few hours before the ski race. Tomba first arrived in Sofia and was transferred to Bansko by a helicopter. Bansko also welcomed half of the mem... read more
23/January/2012
BULGARIAN PROPERTIES
In this article BULGARIAN PROPERTIES answer some of the most frequently asked questions related to the legal aspect of buying and renting properties in Bulgaria.
1. Can I buy a property in Bulgaria and are there any restrictions for foreigners?
Generally speaking, foreigners as ... read more
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