Exchange of bank data with the US

By Tasos Telloglou

Within the next couple of months Greece will need to incorporate the Foreign Account Tax Compliance Act (FATCA) in its legislation, according to which Greek banks must report to US tax authorities the account movements of US citizens in the local banking system.

Bulgaria Is Most Preferred Outsourcing Destination In Europe

Bulgaria is among the most preferred outsourcing destinations in the world and the only European country in the top 10 list of most attractive countries for such activities, done by the analysis company A.T. Kearney.

Bulgaria is at the ninth position among 51 countries in the world and climbs up eight positions in the list since 2011, when the previous survey was done.

Reformist Block Refers Government Decision On Karadere To Prosecution

The Reformist Block referred the government decision to give priority to construction of a resort in Karadere to the prosecution..

The coalition also demanded the resignation of Economy Minister Dragomir Stoinev. 

According to the coalition, the project was in violation of the Limiting of Offshore Companies Act, recently passed by Parliament.