Bulgaria and Romania have direct exposure to Greece, which makes them most vulnerable among European emerging economies in the event of a Greek exit from the euro zone, according to the Wall Street Journal.
Bulgaria's former prime minister, die-hard right-winger Ivan Kostov, has praised the cabinet for its decision to tap international markets.
According to flash data about revenues as of beginning of May 2012, Bulgaria's State budget is balanced for the first time since June 2009.
Bulgaria's parliament ratified on Friday the contracts with BNP Paribas, HSBC and Raiffeisen as mediators for the eurobond issue that the country plans to float this year.
The European Commission is pressing Greece to wind down or close some banks, possibly including its fifth-largest lender ATEbank, according to Brussels sources.
Ratings agency Moody's has cut the credit ratings of three banks in Austria, citing the risk of further shocks as the euro zone debt crisis continues to roil global markets and vulnerability to Eastern Europe. .
Bulgaria's government has selected BNP Paribas, HSBC and Raiffeisen as mediators for the eurobond issue that the country plans to float this year.
Bulgaria's state budget in April 2012 saw its highest monthly surplus since January 2009, according to latest data of the Bulgarian Finance Ministry.
One of the major global credit rating agencies, Moody's, has confirmed Bulgaria's government bond rating and stable outlook in its annual credit report on the country, issued Tuesday.
The euro zone is going to emerge strong after overcoming the debt crisis, Bulgarian Finance Minister Simeon Djankov has told Austrian paper Die Presse in an interview.
Bulgaria's president has told CNN his country is stable and in better financial shape than neighboring Greece despite high unemployment.
Bulgarian bad and restructured loans rose to the record high 24.43% of total lending at the end of April, amounting to BGN 9.74 B, shows central bank data.
Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, promised financial assistance for people whose homes have been damaged by the strong earthquake that hit western Bulgaria in the wee hours Tuesday.
Debts of municipal authorities in Bulgaria assembled in 2010 have grown with 33% with respect to 2009, according to a study by Bulgaria's National Audit Office.
The European Bank for Reconstruction and Development's chief economist has called for erecting a "ring of defense" around Bulgaria, Romania and Serbia to help them cope with the fallout from a possible Greek exit from the euro zone.
Bulgarian Deputy PM and Finance Minister Simeon Djankov has been elected chair of the Supervisory Board of the European Bank for Reconstruction and Development, the Bulgarian Finance Ministry announced.
Bulgaria can join the Eurozone in 2 to 3 years, but no one can give an exact date, according to the country's Deputy Prime Minister and Finance Minister, Simeon Djankov.
Corporate executives in Eastern Europe are least prepared for a possible breakup of the euro zone, the latest Financial Times /Economist Global Business Barometer survey has found.
After four months of paperwork, hype and speculation, Facebook announced it has priced its IPO at USD 38 a share.
Bulgaria's fiscal reserve by April 30, 2012, amounted to BGN 4.9 B, according to flash estimates released Thursday by the press office of the Bulgarian Finance Ministry.
Erste Group Bank AG, one of the four biggest lenders in the former communist part of Europe, keeps Bulgaria in its plans, but in the longer term, its chief executive has said.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
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