Bulgaria will keep its flat tax rate of 10%, Bulgarian National Assembly has decided, rejecting motions to re-introduce progressive taxation. Members of parliament from the minority government coalition of centre-right GERB and right-wing Reformist Block have introduced draft bill for amendment of the Bank Bankruptcy Act aiming to disallow the set-offs at Corporate Commercial Bank […]
Sofia City Court has stopped bankruptcy proceedings launched at Corporate Commercial Bank (CorpBank). This was done it the first court session on the bankruptcy case held on Monday 24 November 2014. The bankruptcy procedure was suspended due to the appeals filed by CorpBank’s majority shareholder – Bromak and other shareholders and depositors with the Supreme […]