Sun, Jul 05 2009

State subsidies for poor municipalities in Bulgaria

Fri, May 16 2008 13:30 CET byElena Koinova 50 Views

All municipalities with high structural deficit and responding to three of four criteria will be eligible for apply for a 10 million leva state subsidy, the Bulgarian Government decided on May 15, Investor.bg said.

The state subsidy is on a par with disbursements in the previous two years.

To apply for state subsidies, a municipality must have a five per cent deficit for 2007 and respond to two of a total of three criteria. Namely, it must have less operational funds than its net overdue payments for the same period, have an unemployment rate for 2007 that is 35 per cent higher than the countrywide average and the land of the municipality must be in a mountainous region.

All eligible municipalities must file an application with the Finance Ministry and the request is going to be subjected for a review at a special consultative council.

The funds will be disbursed in two instalments, the second being granted once the municipality files a report on spending the funds from the first tranche.

Last year, beneficiaries under this initiative were 24 municipalities, among which Pernik, Silistra, Devnya, Simitli, Mizia and Bobov Dol.

Write comment

Name: Comment:
Send your comment

More in this category

Bulgarian nationalists in border protests against ‘election tourism’

Ataka and Order Law and Justice parties stage symbolic blockades at Bulgaria’s borders with Turkey on eve of July 5 2009 parliamentary election, while reports record influx of would-be voters and, it is claimed, flights are being chartered from Turkey.

Bulgaria busts vote-buying operation

In a blow against a problem that has been plaguing Bulgaria’s elections, State Agency for National Security and Interior Ministry say several people in a ‘major criminal organisation’ have been arrested for vote-buying, on the eve of the July 5 vote.

Borissov’s party, socialists both make slight gains – new polls

Barometer Info survey on July 3 2009, just ahead of the eve of Bulgaria’s national parliamentary elections, gives GERB 27.05 per cent and Sergei Stanishev’s Coalition for Bulgaria 19.09 per cent.

Rousse Shipyards sack workers following strike

The exact number of people sacked from duty out of the 600 who refused to go to work on Monday is undisclosed, although reports claim that as of June 3 at least four people were told they were surplus to requirements.

Policy Brief: Bulgaria’s July 5 parliamentary elections

Open your mind and face the unknown: the 2009 general elections in Bulgaria.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.