Home » Politics

The poweful income in the Sofia budget keeps the city’s credit rating

Submitted on Sunday, 31 May 2009No Comment
The poweful income in the Sofia budget keeps the city’s credit rating

The credit rating of the Sofia municipality “BB+” is kept, announced the vice-mayor Minko Gerdzhikov at a press conference. For us that is very important in the conditions of a lower credit rating of the country as a whole and in other municipalities.

According to him, the credit rating will allow the municipality access to cheap credit resource.

Among the leading factors for the maintained credit rating of the municipality is the higher income rate. The eventual lowering of the credit rating of the Sofia municipality is possible if the income in the budget lowers, said Gerdzhikov.

He gave the taxes for garbage as an example, which are a third of the income of the municipality.

Popularity: 1%

Share and Enjoy:
  • Digg
  • Facebook
  • Mixx
  • Google Bookmarks
  • email
  • Technorati
  • Live
  • MySpace
  • Reddit
  • StumbleUpon
  • Twitter
  • Wikio

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

More news from Politics

» Dilma Rousseff - a Bulgarian immigrant daughter - is the new President of Brazil
» 30 000 Bulgarian citizenship applications approved in 2010
» Bulgaria will support the unified commission of the EU for swine flu vaccine delivery
» Tsvetanov is a full-fledged politician
» Nadejda Mihailova for EU commissioner