News

Unemployment rises faster in Greece, Bulgaria and Cyprus. The highest level of unemployment is in Spain (25.1%) and the lowest is in Austria (4.5%). The average youth unemployment rate for the Union is 22.5%.

According to the Chairman of Goldman Sachs Asset Management Jim O’Neill a new, faster developing group of countries MIST – Mexico, Indonesia, South Korea and Turkey is emerging and it has the potential to gradually get ahead of the group of the fastest growing economies today BRIC – Brazil, Russia,...

Bulgarian government has approved the draft of a new agreement between Bulgaria and Switzerland for the avoidance of double taxation. The main change is the addition of a clause on exchange of information between the two countries, including such constituting bank secrecy . Thus Bulgarian party hopes to drop attempt...

The primary purpose is to guarantee that entities will be tax liable in the countries where profits are generated and that they will not be able to avoid paying the due taxes. The proposition for authomatic exchange of information has received the full support of the finance ministers of the member states and it sho...