Category: Investors Support

Bulgaria – A Stability Factor in the Region

Mina Boycheva 15/04/2016

During the ditional reception for heads of diplomatic missions accredited in Bulgaria, at the end of January the Bulgarian President Rosen Plevneliev stated that Bulgaria has been a factor if stability in the region during the past year. The event has organized at the National Museum of History, where the President Plevneliev delivered his speech. According to him the year 2015 was difficult, the countries were unstable and the events could not be predicted.

Bulgaria – A Stability Factor in the Region

He stated that despite all the challenges, Bulgaria has been acting as a factor of stability in the entire region, playing a responsible role as a pro-European force on the Balkans and further, as a responsible EU and NATO country. The year was also active concerning the Bulgarian foreign policy. And even if the people respect the refugees, they do protect the borders of the country and of the Schengen zone as well. That is why according to the president of the country, Bulgaria has been a source .not of problems but of solutions.

The ambitions of Bulgaria are associated with launching a new wave of European integration projects including euro zone membership and Schengen zone full-rights membership. The Bulgarian president further stated that the European Union is a platform for countries to develop and that Europeans need a good debate on achieving peace and pointed out that Bulgaria is an important factor for that on the Balkans.

He stated that the country’s international prestige is recognized by the fact that the country is taking over the chairmanship of the South-East European Cooperation Process (SEECP) and of the Committee of Ministers of the Council of Europe and that Bulgaria will be hosting the Arraiolos meeting in 2016.

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Joachim Herrmann: Bulgaria is Not a Waiting Room for Refugees

Mina Boycheva 08/04/2016

In the beginning of the year the Bavarian Minister of the Interior for Building and Transport Joachim Herrmann stated during a press conference that in the frames of the Security Priority Area of the EU Strategy for the Danube Region, there is no intention of turning Bulgaria and Macedonia into “waiting room for refugees”.

Joachim Herrmann: Bulgaria is Not a Waiting Room for Refugees

The Bulgarian Deputy Prime Minister for Coalition Policy and Public Administration and Minister of Interior, Rumyana Bachvarova, took part in this event dedicated to counteracting international terrorism. She remarked that Bulgaria protected its border in line and in accordance with all Schengen standards. She also stated that the country has the technical readiness to join the Schengen Area ever since 2012.

She further said that Bulgarians understands the situation in Europe and that meeting our obligations is more important than insisting on additional rights our citizens. The question with the Schengen membership remains open for the country.

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Brussels Acknowledges Bulgaria For Setting Standards in Schengen Border Protection

Mina Boycheva 30/03/2016

At the end of the EU-Turkey summit in Brussels, the Bulgarian Prime Minister Boyko Borisov stated that the politicians in Brussels are acknowledging Bulgaria as setting the standards for the protection of the Schengen border. He further stated that the negotiations were very difficult and time-consuming, but at the end the EU member states and Turkey reached a compromise that is considered the best option for the moment.

Brussels Acknowledges Bulgaria For Setting Standards in Schengen Border Protection

Bulgaria has required financial assistance, as the country is making serious efforts in demonstrating how the Schengen border should be protected. The politicians have stated that Bulgaria sets the standards for the protection of the Schengen border, as the Bulgarian Prime Minister remarked. At the same time the authorities in Bulgaria have warned that the country would block the EU-Turkey agreement unless its interests are taken into account.

The Prime Minister of Bulgaria has sent a letter to the European Council President stating that Sofia would block the agreement unless the protection of the Bulgarian borders, as well as those of Greece, was guaranteed. The negotiations with Turkey should cover the land and marine borders of Bulgaria with Turkey. Bulgaria is currently not a member of the Schengen area.

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Do You Need Our Payroll Services?

Mina Boycheva 25/03/2016

Bulgaria is а well-known destination for outsourcing services already. The country is known for its wide range of advantages that it offers to the local and the international investors. Prior to starting a business in the country, those investors need to decide about the type of business they will need to set up. According to the Bulgarian laws, citizens from abroad have the right to establish a business in the country in the form of sole proprietorship, a representative office, a partnership, a branch.

The team behind SofiaOffices company has been on the market for many years and is quite aware that the businesses in Bulgaria have diverse payroll needs. That is why the company started providing fast and accurate online payroll services to those clients that need them. Bulgaria has strong market potential and attracts the interest of many investors. Just like the rest of the European countries, it has however its own employment legislative subtleties. If wisely observed, these regulations ensure that your outsourced workforce in Bulgaria is nicely managed and paid accordingly. StaySofia has the capacity to provide employment and payroll outsourcing services on time, as well as business support.

The team behind SofiaOffices company has been on the market for many years and is quite aware that the businesses in Bulgaria have diverse payroll needs.

In order the work to be done fluently, every business company is in need of administrative and payroll services. This is a boring job (yeah, we know) that brings no profit (but is associated with expenses instead). Yet, someone should do it, so it is always better to leave that task in our hands and focus on what you do best. Among the administrative services that we provide is the preparation of all documents associated with the start of the employment process of every employee, including the registration of the labor contracts in the National Revenue Agency, and all other documents that concern the change in the employment status, the retirement, the cash benefits and the social assistance documents. The maintenance of the employees’ records in perfect condition is also part of the task.

The payroll services that SofiaOffices cover include all important aspects that concern the payment of the employees in Bulgaria. These include the process of the variable monthly payroll information, calculation of the vacation days and sick leaves, changes in the wages, method of remuneration, working positions, calculation of the monthly gross and net wages, social and health insurances, income tax, etc.

Payroll Services in Bulgaria Milestones:
• Minimum wage – 210 EUR
• Employer’s taxes – 30.7%
• VAT – 20%
• PIT – 10%
• Annual paid vacation – at least 20 days
• Payroll currency – BGN, Euro, Dollar
• Overtime – Working overtime is principally not allowed by the Labour Code) with exceptions only under tight premise. The extent of overtime must not exceed 6 h (night work 4 h) per week, 30 h (night work 20 h) per month and 150 h per year. During two consecutive days no more than a total of 3 hours (night work 2) overtime are allowed. The premiums amount to minimum of: – 50% for work on regular working days; -75% for work on days of rest (Sundays); – 100% on statutory holidays.

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Schengen Zone: Temporary Exclusion of Greece?

Mina Boycheva 25/03/2016

During the meeting of the EU interior ministers in Amsterdam in late January, were discussed the plans for Greece to be sealed off the travel zone of Schengen. That temporary exclusion measure was offered by the Austrian Interior Minister Johanna Mikl-Leitner as a possible solution to the major migrant crisis.

Schengen Zone: Temporary Exclusion of Greece?

In an interview for the German newspaper Die Welt, she said that if the Athens government does not do more to secure the external borders of the European Union, the temporary exclusion of Greece should be openly discussed. She further stated that the Schengen member state is not meeting the obligations. It seems that today, the protection of stability, security and order in Europe is not in the hands of Greece but in the hands of countries like Bulgaria which are not part of the Schengen Agreement.

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Is Schengen Stable? Are Internal Border Controls Reintroduced?

Mina Boycheva 21/03/2016

At the end of January, the EU ministers met in Amsterdam to discuss steps that will allow the reintroduction of the national border controls for a period of two years. This let many people question the future of the Schengen Agreement that has been allowing people to travel passport-free across 26 states.

The Schengen Agreement and the Internal Border Controls

The serious refugee crisis has challenged Europe to make a point as the Schengen Agreement is cracking under the strain of the migrants who are arriving from Africa and the Middle East. That is why temporary border checks can be extended under the Schengen Agreement for a period of two years. In order for that extension to happen, however, the leaders of the European Union should agree that the serious and constant deficiencies in the Schengen external borders control is put into danger.

Currently six Schengen members including Austria and Germany, Sweden and Denmark, France and the non-EU member Norway, were forced to resort to reinstating temporary border checks, that will operate in the passport-free area. It is expected these measures to be valid until May.

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Bulgaria Protects Schengen Borders Properly

Mina Boycheva 17/03/2016

At a briefing after the Border-2016 drill, the Bulgarian Prime Minister Boyko Borisov stated that Bulgaria keeps its engagement towards Europe by properly protecting the external border of Schengen, even if not being officially part of the visa free travel zone in Europe. The Prime Minister of Bulgaria commented the situation in Drama.

At a briefing after the Border-2016 drill, the Bulgarian Prime Minister Boyko Borisov stated that Bulgaria keeps its engagement towards Europe by properly protecting the external border of Schengen, even if not being officially part of the visa free travel zone in Europe.

Several weeks before that the EU Commissioner on Internal Affairs and Migration Dimitrus Avramopulous stated that the Schengen Zone and the free movement of people and goods should remain. The commissioner gave his opinion after a joint meeting between representatives from Germany, Sweden and Denmark in the headquarters of the European Committee. The meeting followed Sweden’s establishing of an obligatory check on the documents of all citizens coming from Denmark. On its side, Denmark will be checking the people coming from Germany.

According to the EU Commissioner on Internal Affairs and Migration Dimitrus Avramopulous, all participants at the meeting agreed that these border measures should be limited for the saving of the Schengen area spirit. Norway was the 10th country from the Schengen zone, which decided to bring the border control.

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Schengen zone: It Should be Naïve to Think It will be Preserved in This Way

Mina Boycheva 29/02/2016

In an interview in front of the Bulgarian National Television in early January, the MEP with the Citizens for European Development of Bulgaria (CEDB)/European People’s Party (EPP) Maria Gabriel stated that it would be naïve for all of us to think that the Schengen zone could be preserved the way it has been functioning so far.

The travel free Schengen is not only about freedom of movement

She further stated that several months ago, Schengen was perceived as a zone with freedom of movement. Yet, the travel free Schengen is not only about freedom of movement. It is and has always been about security and control over the external borders. And it is exactly that dimension that has to be strengthened. Here comes the proposal for each person that is owning a Schengen passport to be systematically checked upon leaving and then upon returning to the territory of Europe. These concrete and adequate measures will allow us all to shift the pseudo-debate on Schengen to a serious debate on how to improve Schengen and preserve its spirit.

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Bulgaria Backed Up By Greece for Schengen Accession

Mina Boycheva 21/02/2016

Bulgaria and its neighboring country Greece are expecting help from the European Union, which will help them deal with the refugee crisis. On a press conference with the Bulgarian and the Greek Presidents, Mr. Plevneliev stated that the two countries have made serious efforts to accept and accommodate the refugees, despite the limited financial support from the EU. Both presidents agreed that the rest of the European Union member states should set common rules concerning the handling of the refugee crisis.

Bulgaria Will Be Backed Up By Greece for Schengen Accession

The Bulgarian President said that certain migrant hotspots should be arranged in every European Union state. At the same time the Greek President underscored the fact that Bulgaria is not part of the Schengen accession, even if complying with all the rules. He stated that Bulgaria should be part of the Schengen agreement, if the rest of the countries have such serious expectations in connection with the border preservation.

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EU Member States Political Infighting Hinders the Schengen Membership of Bulgaria

Mina Boycheva 12/02/2016

Emil Radev, the Bulgarian MEP with Citizens for European Development for Bulgaria (CEDB) / European People’s Party (EPP), recently stated for FOCUS News Agency that it is the political infighting in some EU member states that hinder the Bulgarian Schengen membership. He further stated that for a fourth year in a row, Bulgaria is meeting all conditions for membership in the common Schengen area and is still left behind.

EU Member States Political Infighting Hinders the Schengen Membership of Bulgaria

According to the politician, the monitoring mechanism concerning the judiciary and home affairs are applied only to Romania and Bulgaria and serve just as a formal obstacle for the two countries to join the Schengen area. Emil Radev further stated that there are politicians who are interested in Bulgaria not joining the Schengen zone. On the other side, however, the EU commissioners and MEPs as well as Jean-Claude Juncker himself have repeatedly stated in all discussions of the mechanism that there is no connection between the mechanism and the Bulgarian’s entry into the Schengen area.

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