This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

All Bulgarian companies must use IFRSs starting 2005

  • News default Image

28 Oct 2004

As of 1 January 2003, all listed companies, banks, insurance companies, and pension funds in Bulgaria were required to use International Financial Reporting Standards.

Other companies had the option of applying IFRSs or continuing to use Bulgarian GAAP. Starting in 2005, the other companies will be required to switch to IFRSs. The Bulgarian Ministry of Finance is developing a Bulgarian translation of IFRSs.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.