BGN 3.23bn collected in taxes and fees over two months
The state coffers have been replenished with BGN 220m more in tax and non-tax revenues, the Council of Ministers’ press office announced after the cabinet’s regular meeting on 22 March. According to figures of the National Revenue Agency and the Customs Agency, tax and non-tax revenues for the period from 27 January 2017 to 20 March 2017 amounted to BGN 3.23bn. This means that revenues increased by BGN 220m compared with the same period of last year.
Demand for home-based jobs on the labour market is growing
Yana Yordanova
There really is an upturn in job creation. The question is whether the labour market will be able to provide suitable candidates for the positions. Unemployment has been steadily falling at the end of last year and the beginning of this but at the same time employment growth has been slowing down. In other words, jobs are being created but not with the rate of the early 2016.
Potential threat to the national security is among the arguments Interim Minister of Transport Hristo Aleksiev will present in support of his proposal that the government abandon the planned concession of Sofia Airport.
In Brief
Brussels praises Sofia projects
Brussels has high praise to offer regarding projects realised in Sofia and the city’s track record and development. “No one can deny the marked change that has occurred in Sofia over the past few years,” said Antonio Lopez (L), secretary-general of the European People’s Party, at a meeting with Mayor of Sofia Yordanka Fandakova (R). Sofia secured and realised projects to the tune of BGN 3bn in the previous programming period, BGN 2bn of which in the form of European grants.

Belgian company Spadel buys Devin for €120m
Bottled water firm Devin has a new owner, Belgian company Spadel, following the approval of the €120m deal by the Bulgarian Commission on Protection of Competition. Devin has a 30-40% market share in the production and distribution of bottled water. The company also has a more modest share in the production and distribution of fruit-flavoured juices and nectars, estimated at up to 5% for each segment. The business, which currently employs 478 people, will scrap one of its juice brands, Granini, because of unsatisfactory sales. Expectations are that overall sales will grow by 10% year-on-year to €46m in 2016.

Greece invests €2.5bn in Bulgaria in 2016
Foreign direct investments in Bulgaria in the last four months of 2016 amounted to €38.7bn. The top position is taken up by Luxembourg with nearly €136m invested, followed by the Netherlands with €128m and the UK with €118m. A report by the Embassy of Greece to Sofia shows that Greece is the fourth-largest foreign investor in Bulgaria for the entire 2016 with €2.5bn in total investments. The Top 3 is composed of Austria, the Netherlands and Germany.