Economic globalization
Davos: China's Xi says no one will win trade war
Chinese President Xi Jinping presented himself as a champion of globalization on Jan. 17, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars.
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Stefan Stoyanov: We Have Fully Changed Plovdiv's Image
The local administration in Plodviv has helped Bulgaria's second-largest city position itself as a key center for manufacturing, IT and outsourcing, Deputy Mayor Stefan Stoyanov has said.
Plovdiv to Host Annual Outsourcing Forum in Late November
An international outsourcing forum is due on 22 November, 2016 in Plovdiv, Bulgaria's second-biggest city.
The event, co-organized by consultancy services organization Industry Watch for a third year in a row, is named "Outsourcing Destination Bulgaria: Technonology, Innovation, Disruption".
Bulgaria Ranks 1st in Europe, 3rd Worldwide in Direct Foreign Investments in Outsourcing
According to the annual ranking of Business Process Outsourcing and Shared Service Location Index 2015, Bulgaria is third in the world in terms of direct foreign investments attracted in the outsourcing sector and ranks first in Europe, stated Economy Minister Bozhidar Lukarski at the opening of the annual conference of the leaders of the European Outsourcing Association.
Political turmoil over offshore amendment continues
The government is expected to submit in parliament on Wednesday a new amendment on the controversial article included in the omnibus and provided that politicians would be able to own offshore companies in tax havens countries, as Proto Thema newspaper revealed.
World Worried About China's Economic Slowdown
Even after witnessing a double-digit growth for nearly three decades, the Chinese economy has started showing signs of slowness. Although India has replaced the Asian giant as the fastest growing major economy of the world, the South Asian nation, like other countries across the globe, is worried about its northern neighbour's slow growth rate.
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Bulgaria Ranks among Top Software Outsourcing Destinations, Studies Show
Two recent studies point to Eastern Europe and Bulgaria in particular as an increasingly attractive destination for companies looking to outsource software, according to an article posted on ZDnet website.
Turkey to introduce tax changes within 1-2 weeks: Minister
Turkey wants uniform tax measures for companies across the financial sector, and the government will announce tax changes within one or two weeks, Finance Minister Naci A?bal said on April 13.
EC Proposes New Reporting Rules for Multinationals to Boost Tax Transparency
The European Commission proposed on Tuesday to introduce public reporting requirements for the largest companies operating in the EU and in tax havens in a bid to boost tax transparency.
The proposal aims to ensure that multinationals publish each year a report disclosing the profit and the tax accrued and paid in each member state on a country-by-country basis.
Govt discusses tax reforms with lenders: 50% tax rates
The Greek government’s economic team presented proposals for tax law reforms to representatives of Greece’s four creditors (EC, ECB, ESM, IMF) in Athens on Tuesday. The proposal presented included suggested tax brackets and tax rates with the highest rate at 50% and recommendations for an even higher rate.