BIA HAS LAUNCHED AN ONLINE SYSTEM FOR COLLECTING APPLICATIONS FOR THE INDEBTEDNESS OF STATE AND MUNICIPAL BUDGETS TOWARDS DIFFERENT COMPANIES

BIA has launched an online system for collecting applications for the indebtedness of state and municipal budgets towards different companies.

We remind our readers that on December 14-15, 2009 the BIA Management Board conducted a number of meetings with Parliamentary Committees Chairpersons and ministers, discussing the indebtedness of the state and municipal budgets towards different companies, including amounts due for conducted public orders or VAT credit due for reimbursement etc. The annual BIA survey on company and inter-company indebtedness served as the meeting impetus.

A leading conclusion in the survey stated that the budget was one of the major debt generators, because it failed to pay more than 2 billion BGN to the companies. During the discussions, institutions representatives requested specific examples from BIA for instances of radical delay of payment to the business branch. These requests, namely, have inspired the launching of the above mentioned online system. 

We hope that the joined efforts will help us quickly overcome this problem, which has seriously hampered the activity of the companies in Bulgaria, especially in the present-day challenging market situation and a blocked credit market