CEE remains attractive for private equity firms

The number of companies set up in Central and Eastern Europe, which received private-equity backing in 2012, increased for the third year in a row, a report by the European Private Equity and Venture Capital Association (EVCA) published July 24 states. ...

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VAT scheme haunts Bulgaria, strips budget of EUR 200 mln

Bulgarian fraudsters are no exception when it comes to abusing EU VAT rules on cross-border transactions within the EU and have created their own variant of the missing trader fraud, which is currently stripping the Bulgarian Treasury of at least an estimated EUR 200 mln every year, Bulgarian police and customs office sources told CEE Insight. ...

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