Archive for February, 2007

Borislav Boyanov & Co. have been Awarded a Prize in 2006 Bathroom of the Year Competition

Tuesday, February 27th, 2007

A bathroom at Borislav Boyanov & Co.’s new offices has been awarded a jury prize in the Hotel and Business Bathrooms category at the 2006 Bathroom of the Year competition which was held by Ideal Standard under the motto Express Yourself. Over 50 projects completed in 2006 and utilizing Ideal Standard products have been included in this third consecutive edition of the competition.

USA AND BULGARIA SIGN DOUBLE TAXATION TREATY

Friday, February 23rd, 2007

The Bulgarian Minister of Finance, Plamen Oresharski and the Finance Deputy Secretary of State of the USA Robert Kimit signed a Treaty for the Avoidance of Double Taxation on February 23, 2007 in Washington. The Treaty is set to enter into effect in 2008 following its ratification. It provides mechanisms for the avoidance and relief from double taxation on earnings and profits received by investors of the two countries. The Treaty provides also for decreased withholding tax rates in respect of interest, dividends, royalties and other types of income. The Bulgarian Finance Minster underlined that this is yet another example of the traditionally excellent business relations between the two countries.