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EU IFRS regulation now applies to Bulgaria, Romania

  • Bulgaria Image
  • Romania Image

03 Jan 2007

Bulgaria and Romania became members of the European Union as of 1 January 2007. As a result, the EU regulation requiring the use of IFRSs by all listed companies in their consolidated financial statements became applicable in those two countries.

Bulgaria had already required IFRSs for its listed companies, and Romania had required IFRSs for all large companies.

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.