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12:00 - 03.09.2009

Bulgaria to emerge from crisis in April 2010, to cut VAT as from 2011: Fin Min

Simeon
Djankov

Credible steps to uproot corruption are essential for Bulgaria's bid to join the euro, Djankov said

Bulgaria's minister of finance Simeon Djankov expects the country to emerge from the economic crisis next April and is planning to cut its 20% flat-rate value added tax (VAT) to 16% between 2011 and 2013.

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