Business » Finance

IMF: Bulgaria Bank System Stable though Bad Loans Rise

Bulgaria's banking industry is stable even though it ranks third in the European Union in terms of bad loans, IMF data shows.

Business » Finance | April 20, 2012, Friday // 16:56 | Viewed: 2555

Bulgarians' Monthly Allowance Up by 2% in Q1 2012

Bulgarians' monthly allowance has increased by 2% for the period January-March 2012 and by 3.6% on an annual basis.

Business » Finance | April 20, 2012, Friday // 15:17 | Viewed: 2781

EP OKs Common Corporate Tax Base, Bulgaria Likely to Frown

The European Parliament have backed a plan to introduce a compulsory pan-EU business tax system, a move that will likely be greeted with concern in Bulgaria.

Business » Finance | April 20, 2012, Friday // 13:01 | Viewed: 1809

Bulgaria Welcomes Tax Freedom Day

Bulgarians stop "working for the government" for this year on Friday, April 20, according to data provided by the Institute for Market Economics (IME)

Business » Finance | April 20, 2012, Friday // 08:02 | Viewed: 1220

April 20 is Tax Freedom Day for Bulgarians

Bulgarians will stop "working for the government" for this year on April 20, according to data provided by the Institute for Market Economics (IME)

Business » Finance | April 19, 2012, Thursday // 14:50 | Viewed: 1714

Bulgarian Economist Condemns Silver Fund Draft Law

Yordan Tsonev, an economist and Deputy Chair of the ethnic Turkish Movement for Rights and Freedoms (DPS) party, has termed the proposal of Finance Minister Simeon Djankov concerning the Silver Fund as a blow against the stability of the Bulgarian lev.

Business » Finance | April 19, 2012, Thursday // 12:29 | Viewed: 1761

Bulgaria GDP May Fall by 5% in Q1, Industrial Chamber Warns

Bulgaria's economy may shrink drastically by 5% in the first three months of the year, the country's Industrial Chamber has warned.

Business » Finance | April 18, 2012, Wednesday // 18:30 | Viewed: 1802

Bulgaria Replies to ECB to Defend Silver Fund Changes

Bulgaria's finance minister has made an attempt to defend the proposed changes to the state fund for guaranteeing the stability of the state pension system, criticized by the European Central Bank.

Business » Finance | April 18, 2012, Wednesday // 15:48 | Viewed: 1601

Bulgaria's FDI Drops Fourfold in Jan-Feb 2012 Y/Y

Bulgaria got only EUR 85 M of foreign direct investment in the first two months of 2012, according to preliminary data of the Bulgarian National Bank (BNB).

Business » Finance | April 18, 2012, Wednesday // 14:47 | Viewed: 1803

ECB Gives Thumbs Down to Bulgaria Govt Silver Fund Ideas

The European Central Bank has strongly advised Bulgaria against investing the assets of the state fund for guaranteeing the stability of the state pension system in domestic assets.

Business » Finance | April 18, 2012, Wednesday // 14:22 | Viewed: 2173

IMF's Spring Outlook Slashes Bulgaria's Economic Growth Forecast

The srping World Economic Outlook of the International Monetary Fund has reduced the 2012 economic growth projection for Bulgaria by almost half.

Business » Finance | April 17, 2012, Tuesday // 18:43 | Viewed: 3362

Bulgaria Sees EU's 3rd Lowest Inflation Rate March 2012

Bulgaria's inflation rate was 1.7% in March 2012, EU's third lowest after Sweden (1.1%) and Greece (1.4%).

Business » Finance | April 17, 2012, Tuesday // 13:58 | Viewed: 1347

Bulgarian Analysts Raise Alarm over Looming Recession

Bulgaria's economy hovers on the brink of its second recession in three years in the wake of the slump in the euro zone, a Sofia-based think-tank has warned.

Business » Finance | April 17, 2012, Tuesday // 08:00 | Viewed: 2384

Bulgaria Registers 1.7% Inflation Y/Y in Jan 2012

The consumer price index (CPI) in March 2012 compared to February 2012 was 100.

Business » Finance | April 12, 2012, Thursday // 13:17 | Viewed: 2233

Bulgaria's Finance Minister Declares Pension Raise ahead of Elections

Retirement pensions in Bulgaria will be raised starting 2013 announced Bulgarian Finance Minister Simeon Djankov following a cabinet sitting Wednesday.

Business » Finance | April 11, 2012, Wednesday // 18:09 | Viewed: 1831

Alpha Bank Refutes Reports of Selling Eastern European Units

The Greek Alpha Bank has refuted the reports that it plans to sell 30% in its Eastern European units to European Bank for Reconstruction and Development.

Business » Finance | April 9, 2012, Monday // 19:00 | Viewed: 14423

Bulgaria 2012 Growth Forecast Unanimously Capped at 1.5%

Bulgarian analysts and institutions have cut their growth forecast for 2012 to just below 1.5% instead of the previously forecast 2-3%, citing slumping exports and stagnant domestic demand.

Business » Finance | April 9, 2012, Monday // 11:12 | Viewed: 1353

Bulgaria Eurobond Float Wary of Turbulent Summer Waters

Bulgaria's government, which plans to issue eurobonds worth up to EUR 1 B in the second quarter, may be forced to struggle with volatile markets if it misses out on the current benign conditions, analysts have warned.

Business » Finance | April 9, 2012, Monday // 07:32 | Viewed: 5085

Alpha Bank to Sell 30% Stake in Eastern Europe Units - Report

Alpha Bank will reportedly sell 30% in its Eastern European units to European Bank for Reconstruction and Development.

Business » Finance | April 8, 2012, Sunday // 16:21 | Viewed: 6529

Greek Eurobank, Bulgaria's Postbank Owner, Sells Turkey Unit

EFG Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank.

Business » Finance | April 5, 2012, Thursday // 18:54 | Viewed: 9010

Bulgaria Govt Greenlights Eurobond Sale

Bulgaria's government issued on Wednesday a mandate for the sale of Eurobonds on international markets to raise funds for repaying debt maturing in early 2013.

Business » Finance | April 4, 2012, Wednesday // 13:22 | Viewed: 1403
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