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Business saves 2B leva from cut in social security contributions

The cut in social security contributions resulted in more than two billion leva in savings for Bulgarian business, the head of the National Social Security Institute Yordan Hristoskov told the parliamentary budget and financing committee, as quoted by Dnevnik daily on April 4.

At the same time, the Pensions Fund, covered by the state budget, has been accruing a higher deficit. According to Hristoskov, to stem this deficit all revenues from privatisations and concessions should flow to the Pensions Fund.

He argued the social security rate in Bulgaria hovered around the EU average, hence a further cut was immaterial and would burden the budget. All the more, a further cut to social security contributions was not necessary because it would hardly lead to an increase in revenues nor would narrow the share of grey economy.

Hristoskov supported the idea for the state assuming a higher portion of the social security burden. On even burden allocation, at 10:10 employer/employee share-out, that would mean 400 million leva in annual profit for employers and 72 million leva in expenses for workers, he added.

April 4 2008, source: sofiaecho.com

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Friday, May 16 2008

Expat of the Week

anglachanka

I like motorcycles, driving, rambling in the countryside, going to bazaars, relaxing in the sunshine ... read more

What`s on in Bulgaria

Theatre

  • Short Play for a Child’s Room
    What: The play resulted from a fortunate – and unlikely – encounter between director Galin Stoev and playwright Yana Borissova’s debut text.
    When: May 24 and 29
    Where: Theatre 199
  • Valentine’s Day
    What: One of the most popular contemporary Russian playwrights, Ivan Vyrypaev has chosen for his play’s motto the words of an Arabian philosopher: “There are only two things – love and love.”
    When: May 22
    Where: Little City Theatre off the Channel
  • Three Sisters
    What: Anton Chekhov’s Three Sisters is a play about the things that never happen and the sophisticated sadness and despair of the characters.
    When: May 21 and 30
    Where: Nikolai Binev Youth Theatre
  • Lazarus and Jesus
    What: Based on Emilian Stanev’s apocrypha, Lazarus and Jesus aims to excite interest in the “damned questions” raised by the author and to argue against the assertion that Bulgarian literature is limited mostly to the regional and the untranslatably Bulgarian.
    When: May 18
    Where: Sfumato Theatre-Workshop
  • 16th International Istanbul Theatre Festival
    What: two weeks of theatre and dance performances from around the globe
    When: May 15 to June 4
    Where: Istanbul
  • The Taming of the Shrew (premiere)
    What: Director Marius Kurkinski returns to the stage of the Satirical Theatre with this Shakespearean comedy, which was one of the master’s earlier plays.
    When: May 10, 19 and 26
    Where: Aleko Konstantinov Satirical Theatre, Sofia

Cultural Institutes

  • Salon of the Arts
    What: The annual Salon of the Arts features tens of exhibitions, concerts and performances. For a complete programme, stop by the Ticket centre at the National Palace of Culture (NDK)
    When: May 11 to June 30
    Where: National Palace of Culture, Sofia

Art

  • Sofia, Paris, Strasbourg
    What: A joint project by the National Academy of Arts in Sofia, the Ecole Superieure d’arts graphiques – Penninghen and the Ecole superieure des arts decoratifs, Strasbourg, focusing on the Cyrillic alphabet with a newspaper theme.
    When: Opens May 8
    Where: Akademia, 1 Shipka Str, Sofia
  • ART POSITIVE 2008: FRAGMENT
    What: exhibition with the participation of 14 Plovdiv artists
    When: Until May 25
    Where: Centre for Contemporary Art - Plovdiv arttoday.org

Live Music

  • KYLIE MINOGUE
    What: Indisputably, one of the major concerts in Bulgaria in 2008 will be that of pop icon Kylie Minogue. Ticket prices vary from 40 to 50 leva.
    When: May 18
    Where: Lokomotiv Stadium
  • JAZZ PLUS FESTIVAL 2008
    What: Jan Garbarek Group featuring Manu Katche, Alboran Trio, Roberto Fonseca, Luisito Quintero. Tickets at 20 and 25 leva, available from Dyukyan Meloman, Bulgaria Hall, NDK box office, eventim.bg and ticketstream.bg.
    When: May 15, 17, 18 and 29
    Where: NDK, Bulgaria Hall and 4km Party Center
  • After Business Club
    What: weekly mixers
    When: Wednesdays, 8pm
    Where: Chillout Bar & Dinner, 5 Triaditsa Str
  • RONI SIZE DJ SET
    What: The Sofia gig of the world-famous drum ’n’ bass DJ Roni Size will be the first in a series of events presenting legendary performers from the global drum ’n’ bass scene.
    When: May 17
    Where: Hristo Botev Hall in Studentski Grad
  • WORLD BEAT NIGHTS – DANCING AROUND THE GLOBE
    What: Three more World Beat Nights – Dancing Around The Globe parties will be held in May.
    When: May 16, 23 and 30. May 16: African Night, May 23: The Latino Friday and May 30: Arabian Night.
    Where: Club Pulse