Bulgaria to Ease Bank Credit Fees
Bulgaria's Ministry of Finance is preparing legislative amendments to make credit taking less burdensome to users, said Bulgarian Finance Minister Simeon Djankov.
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Business » Finance
Greek Min: If You Want to Become Bulgaria and Be Finished, Just Default!
A Greek minister has resorted to a comparison with Bulgaria to describe the nightmare his country would face in the wake of further austerity austerity measures.
Deposits in Bulgaria Banks Hit New Record High
Banks in Bulgaria have been recording consistent and significant growth in deposits throughout 2011, a trend which peaked in the last quarter of the year, official data shows.
Belgium's KBC Denies Plans for Sale of Bulgarian Insurer DZI
Belgium's KBC has firmly denied that it seeks to shed Bulgarian insurance subsidiary DZI, as claimed by local media reports.
Bank Drain Ghosts Haunt Bulgaria Again
Foreign banks are pulling funds from their subsidiaries in Bulgaria as lending growth in the country stalls, shows preliminary data of BIS, the central bank of central banks, as cited by local media.
Bulgaria Scores Perfect Performance on 2011 Budget, Lower Deficit
The Bulgarian government has fulfilled its revenue and spending plans for 2011 at close to 100%, and recorded a budget deficit lower than expected, announced the Ministry of Finance Wednesday.
Euromoney Names UniCredit Bulbank Best Trade Finance Bank
UniCredit Bulbank, part of the UniCredit Group, came out as a winner in the annual poll of Euromoney magazine on the best providers of trade finance services on the local markets in countries worldwide.
KBC Seeks to Shed Bulgarian Insurer DZI - Report
Belgium's KBC has put up for sale Bulgarian insurance subsidiary DZI and the deal is expected to be concluded by the end of the year, according to local media reports.
Bulgarian PM Orders FinMin to Clarify Bonuses Issue
Bulgaria's Prime Minister, Boyko Borisov, has ordered his Deputy and Finance Minister, Simeon Djankov, to inform the public about end-of-years bonuses at his institution.
25 EU States Sign Up for EU Fiscal Pact, Brits, Czechs Out
A total of 25 out of 27 EU member states, Bulgaria included, have agreed to the new EU / euro zone fiscal pact for stricter budget discipline, a brainchild of Germany.
PM: Bulgaria Firmly Out of EU Fiscal Pact if Common Taxes Required
Bulgaria is not going to participate in the new EU Fiscal Pact if it requires that taxation policies be harmonized, Bulgarian Prime Minister Boyko Borisov has declared in Brussels at the emergency meeting of EU leaders.
'Austere' Bulgarian FinMin Awarded Hefty Bonuses
Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, has given generous end-of-year bonuses to employees at his institution.
EC Rejects German Call for Protectorate over Greek Budget
The European Commission has rejected Germany’s demand that Greece give up control over its budget policy to a special powerful EU Commissioner.
Germany Wants EU Protectorate over Greek Budget - Report
Germany is pushing for Greece to give up control over its budget policy to EU institutions, according to EU sources.
Bulgarian Economy to Grow 2.5-3% in 2012 - FinMin
Bulgaria's economy is likely to grow between 2.5% and 3.0% in 2012, according to Bulgarian Finance Minister Simeon Djankov.
Bulgaria's Parliament Greenlights Joining EU Fiscal Pact
Bulgaria's parliament approved on Friday the draft decision for joining the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union or the so-called EU Fiscal Pact.
Bulgarian FinMin: Euro Can Go, We're Pegged to Deutsche Mark
Bulgaria should not be worried about its currency board in the event of a collapse of the euro, according to Bulgarian Finance Minister Simeon Djankov,
Merkel Dashes Hopes for Money Injection for EU Bailout Fund
German Chancellor Angela Merkel has warned that Germany was not prepared to expose itself to further damage on the markets in order to save the euro zone.
EBRD Lowers Bulgaria's Economic Growth Forecast for 2012
The European Bank for Reconstruction and Development has decreased its October forecast for Bulgaria's economic growth in 2012 by 1.1% to reach 1.2%.
Hefty 2011 Donations for Bulgarian Police despite Private Sponsors Ban
The Bulgarian Interior Ministry had received in 2011 over BGN 12 M in donations, according to the institution's updated registry of sponsor contracts.
PM Girlfriend Ups Stake in Bulgarian-American Credit Bank to 61%
An investment firm led by Tsvetelina Borislavova has increased its majority stake in Bulgarian-American Credit Bank (BACB) following the public offering of its shares.
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