Bulgaria Registers BGN 128 M Budget Deficit in Jan-Nov 2012
Bulgaria's state budget has accrued a budget deficit of BGN 128 M in the first eleven months of 2012, according to preliminary data of the Finance Ministry released Monday.
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Business » Finance
No Christmas Money for Bulgarian Pensioners - PM
Bulgarian pensioners will not receive Christmas bonuses to their tiny retirement pensions in 2012, announced Bulgaria's PM Boyko Borisov Sunday.
Greece's Bond Buyback Proves Successful - Report
Greece's operation to buy back part of its huge debt at reduced prices to access additional EU-IMF financial aid has met the target of EUR 30 B, according to reports.
Bulgarian MPs Pass 2013 Budget Amidst Scandals
Bulgaria's Parliament adopted Thursday the country's 2013 State Budget Act at second reading after a debate marred by scandals.
ECB Slashes Euro Area Growth Forecasts for 2012, 2013
The European Central Bank on Thursday slashed its growth forecasts for the Euro Area for both 2012 and 2013, and projected a return to growth in 2014.
Bulgaria Banks Suffer Biggest Funding Drop in EU's East - Fitch
Bulgarian lenders suffered a 47% reduction in parent funding during the first half of the year, the largest drop among banks in Central and Eastern Europe, according to Fitch Ratings.
Bulgaria President to Veto Provisions of Investment Promotion Act
President Rosen Plevneliev will return to Parliament for further review transitional and final provisions of the Investment Promotion Act introducing changes to the Foreigners in the Republic of Bulgaria Act and the Bulgarian Citizenship Act.
SP Cuts Greece's Credit Rating to 'Selective Default'
Standard & Poor's has cut Greece's 'CCC' long-term and 'C' short-term sovereign credit ratings to 'SD' (selective default) following the Greek government's offer to buy back its debt at a steep discount, the international rating agency announced on Thursd
Bulgaria Picks Czech Consultant for Bourse Sale
Bulgaria's sale agency has picked Czech company Patria Corporate Finance to act as consultant as the country is looking for an investor for its only stock exchange.
Bulgarian MPs Resume 2013 Budget Vote
Bulgarian Members of the Parliament are voting Thursday on the 2013 State budget after adjourning the session at 10 pm Wednesday.
Bulgarian FinMin Says He's Actually among EU's Best
Bulgarian Finance Minister Simeon Djankov has revealed the mystery behind the fact that he was not included in the Financial Times 2012 ranking of EU's top 19 Ministers of Finance.
Euro Zone Business Activity May've Hit Bottom - Survey
The private business sector in the euro zone may have hit a three-and-a-half-year "nadir," according to a survey of the London-based Markit research firm
Bulgarian Parliament to Vote on Budget 2013
Bulgaria's Parliament will hold second reading votes on the country's state budget for 2013 starting Wednesday.
FinMin Touts Taxes Yet Again as Bulgaria's Competitive Advantage
Bulgarian Finance Minister Simeon Djankov has dismissed warnings about Bulgaria's worsening international economic competitiveness vis-a-vis nations experiencing debt crisis that are therefore forced to make drastic reforms.
Bulgaria's FinMin: Flat Tax Here to Stay for 10-15 Ys
Bulgaria's finance minister has stepped back on plans for scrapping the 10% flat tax, saying it has to stay at least for the next ten-fifteen years.
Bulgarian State Servants Wages Up 13% in 6 Months
Salaries in the Ministries administrations and in Bulgaria's Council of Ministers have increased by 13% in less than six months, according to a report of the Council for Administrative Reform.
Bulgaria's Revenue Authority to Boost Annual Receipts by BGN 700 M
By end-2012, Bulgaria's National Revenue Agency (NRA) hopes to boost tax and social security receipts by nearly BGN 700 M as compared to 2011 results, according to NRA Executive Director Krasimir Stefanov.
Bank Card Purchases Increasingly Popular in Bulgaria
Bulgarians will make credit and debit card "Christmas" purchases in the amount of BGN 25 M, according to banks estimates.
Bulgaria's Currency Board Targeted by Speculators in 2009 - FinMin
International speculators have targeted Bulgaria's currency board at the beginning of the ruling party term in 2009, the finance minister has revealed for the first time.
'Brilliant' Bulgarian FinMin Fails to Appear in FT Rankings
Bulgarian Minister of Finance Simeon Djankov, much vaunted by himself and PM Boyko Borisov as the Bulgarian cabinet's top asset in times of financial crisis, does not appear in the Financial Times 2012 ranking of EU Ministers of Finance.
France Shrugs off Moody's Downgrade
The French government has downplayed the importance of rating agency Moody's decision to deprive the country of its top triple-A credit rating.
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