Business

Most Bank Charges Dropped from Bulgaria's New Consumer Credit Act

All bank charges except those for handling credits to be dropped is one of the proposed changes in the new Consumer Credit Act, Bulgaria's socialist MP Georgi Kadiev told NovaTV.

According to the MP from Bulgaria's Socialist Party, the new act which will be revised at second reading, stipulates the advance paying off of liabilities, too.

Ukraine to Raise Gas Prices by Half

Ukraine has agreed on a 50% increase of gas prices for domestic consumers.

Hike of gas bills is part of conditionality set by the International Monetary Fund (IMF) if Ukraine is to be granted an aid package.

State energy company Naftogaz reported that price changes will be into force from May 1, with more rises due to be made until 2018.

Romania Presses on With Controversial Fuel Tax

Romanian Prime Minister Victor Ponta has said his centre-left government will not revoke a controversial fuel tax coming into force on April 1, but promised compensatory measures.

“The measure will help ‘fair' transporters, without a history of tax evasion, who will be able to recover most of the costs [of the new tax],” Ponta said, without offering further details.

Serbia, U.S. sign plan for bilateral military cooperation

BELGRADE - A new plan for bilateral military cooperation between Serbia and the United States for fiscal 2015 was signed in Belgrade on Wednesday.

The plan was signed by official at the Department for International Military Cooperation Col. Milan Konjikovac and U.S. Defense Attache to Serbia Col. Paul Brotzen.

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