Lack of harmonization among EU tax regimes and the different treatment of deferred tax assets (DTA) are causing regulatory uncertainty for bank debt investors, Fitch Ratings says. Formal investigations into whether some banks benefited from state aid as a result of DTA credit conversion have not yet been launched by ...
Read MoreBulgaria’s state budget registers an excess of BGN 250 million at the end of March
Bulgaria’s state budget at end-March 2015 registers an excess of BGN 250 million, according to preliminary data of the Finance Ministry, cited by Capital Daily. The income is higher by BGN 1.2 billion, which is an increase of 15% – there are more taxes paid and payments made by the ...
Read MoreBulgaria and Romania had the lowest hourly labour cost among member states
Hourly labour costs, which include wages plus employers’ tax contributions, dropped last year by 0.2pc to €29.80. Ireland was one of seven countries in Europe where hourly labour costs fell. But labour costs here are still well above the European Union (EU) average of €24.60, and 10th highest behind countries ...
Read MoreBulgaria moves up 11 places in the C&W BPO rankings
Capital Daily reads Bulgaria dominates Cushman & Wakefield’s comprehensive global ranking and established itself as a leading global destination for outsourcing. Bulgaria moved up 11 places in the C&W Business Process Outsourcing (BPO) rankings to third place and establishing itself within the BPO market with an educated labour pool and ...
Read MoreNew EU data shows that there are huge differences in the minimum wage
New EU data shows that there are huge differences in the minimum wage workers receive, depending on the countries in which they’re employed. A worker in Luxembourg who receives the monthly minimum wage €1,923, the highest amount in the EU, gets 90% more than the same worker in Bulgaria (€184), ...
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