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Banking Sector in Bulgaria Reports 3 Billion Leva Profit, Faces Potential New Taxation - Novinite.com - Sofia News Agency

Summary by Novinite.com
Bulgaria's banking system is on track to surpass three billion leva in profits again this year, following the record-breaking 3.4 billion leva reported in 2023. According to the Bulgarian National Bank (BNB), commercial banks in the country had already posted a total profit of 3....

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"The government's commitment to achieving high growth rates" proposed by the prime minister in his address to an investment conference in London leaves the big earners vulnerable

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“PASOK will submit an amendment, tomorrow in Parliament on taxation, to introduce extraordinary taxation on banks' profits,” Nikos Androulakis announced a short time ago, speaking at the Economic Postman Forum. Also, the president of the PASOK Movement for Change explained in detail his party's proposal for the granting of the golden visa and housing policy, which together with accuracy, demographics, issues of strengthening institutions, nation…

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"PASOK is neither going to be inactive nor retreat. He will proceed with the filing of an amendment for the taxation of excess profits," Milena Apostolaki, head of the party's department for banking, private debt and borrower protection, said in a statement, criticizing the Prime Minister's statement at the HEXA and Morgan Stanley conference in London that "the extraordinary taxation of bank profits is not in the government's plans." "The prime …

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"The government knows what it wants from the banks and has the means to implement it. The extraordinary taxation of bank profits is not among them", said Prime Minister Kyriakos Mitsotakis

·Greece
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Naftemporiki broke the news in on Monday, December 2, 2024.
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