KPMG

Further breaks are planned

The government will reduce social security contributions by half a percentage point from January 2025 and another half unit before the end of its four-year mandate, National Economy and Finance Minister Kostis Hatzidakis said at the conference of finance directors titled "The Modern CFO: Strategy, Innovation, Leadership," organized by KPMG on Wednesday.

Size of retail sector reaches $193 bln in 2019

The size of Turkey's retail sector reached 1.1 trillion Turkish Liras ($193 billion), according to a report by audit and consultancy firm KPMG Turkey.

The industry contracted in the first three quarters of 2019 by 5.3 percent, 3.9 percent and 1 percent, respectively last year.

The initial indicators suggest a recovery in 2020, the report added.

Bulgaria C-Bank Picks Ernst & Young as Auditor to Audit Its Books

UK-headquartered multinational Ernst & Young has been selected by the Bulgarian National Bank to become its international auditor for 2015-2017, the institution has announced.

On an annual basis, the consolidated financial report of BNB has to be verified by an international auditor chosen through a public procurement procedure.

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