Business » Finance

Much Debated Draft Budget 2012 Enters Bulgaria Parliament

The Bulgarian Parliament is debating Wednesday at first reading the draft budget 2012.

Business » Finance | November 16, 2011, Wednesday // 08:18 | Viewed: 1858

Bulgarian MPs Pass Tax Amendments at 1st Reading

Bulgarian Members of the Parliament passed at first reading Tuesday several important amendments in a number of tax bills.

Business » Finance | November 15, 2011, Tuesday // 20:27 | Viewed: 1874

Bulgarian President-elect Sides with Embattled Researchers

Bulgaria's President-elect, Rosen Plevneliev, vowed Tuesday support for the Bulgarian Academy of Sciences, BAS, in slating an additional BGN 5 M for their 2012 budget.

Business » Finance | November 15, 2011, Tuesday // 18:10 | Viewed: 1817

Bulgaria's FDI Crawls Up to EUR 535 M in Q1-Q3

Bulgaria attracted a total of EUR 534.5 M of foreign direct investment in the first nine months of 2011, according to preliminary data of the Bulgarian National Bank.

Business » Finance | November 15, 2011, Tuesday // 14:54 | Viewed: 1929

Bulgaria's Economic Growth Stagnating in Q3 2011

Bulgaria registered an economic growth of 1.3% in the third quarter of 2011 year-on-year, according to preliminary data of the National Statistical Institute in Sofia.

Business » Finance | November 15, 2011, Tuesday // 12:50 | Viewed: 1832

Bulgarian FinMin Ties State Servants Pay with Performance

Bulgaria's Three-Way Council between the cabinet, the business and the trade unions is meeting Tuesday to discuss upping retirement pensions and the reform involving pay for State servants.

Business » Finance | November 15, 2011, Tuesday // 10:51 | Viewed: 1364

EC Moves to Ban Credit Ratings by Global Agencies

The European Commission is proposing legislation on international credit rating agencies that will all EU institutions to ban temporarily the rating of troubled countries, EU Commissioner Michel Barnier announced.

Business » Finance | November 14, 2011, Monday // 20:58 | Viewed: 2220

Ex Bulgarian FinMin: No Grounds to Up Minimum Wage

There are no grounds to increase the minimum monthly wage every year when the average revenues are not going up, over lack of economy growth triggered by lack of growth in productivity.

Business » Finance | November 14, 2011, Monday // 14:18 | Viewed: 1549

Bulgaria Registers 3.5% Inflation Y/Y in Oct 2011

The consumer price index (CPI) in October 2011 compared to September 2011 was 100.

Business » Finance | November 14, 2011, Monday // 12:39 | Viewed: 2219

Greek Banks to Sell Bulgarian Units as Last-Ditch Measure - Analyst

Greek banks will do everything they can to shun the sale of their subsidiaries in Bulgaria – they value the local market potential and do not want to lose it.

Business » Finance | November 14, 2011, Monday // 12:32 | Viewed: 2744

Bulgarian Head Economy MP: No Money to Up All Pensions

In order to increase all retirement pensions in Bulgaria by 10%, the cabinet needs about BGN 1 B, and under the current state of economy such funds cannot be secured.

Business » Finance | November 13, 2011, Sunday // 14:19 | Viewed: 2000

Bulgarian FinMin:I Bet My Career on Budget 2012, Further Cuts Likely

Bulgaria's finance minister has fiercely defended the austerity draft budget for 2012, saying that its failure would spell the end of his term in the government.

Business » Finance | November 11, 2011, Friday // 14:29 | Viewed: 2574

Economist Richard Ran: Bulgaria Will Survive Financial Crisis

Bulgaria will be "among the survivors" of the global financial crisis, US economist Richard Rahn believes.

Business » Finance | November 11, 2011, Friday // 12:46 | Viewed: 7062

Bulgaria's FinMin Happy with Lowered EC Economic Forecast

Bulgarian Finance Ministry Simeon Djankov has seen what he believes to be a major silver lining in the lower GDP growth forecast for Bulgaria announced by the EC.

Business » Finance | November 10, 2011, Thursday // 16:52 | Viewed: 2282

FinMin: Bulgaria Is EU’s 4th Fastest Growing Economy!

Bulgaria is the 4th fastest growing economy in the EU, the country's Finance Minister Simeon Djankov pointed out on Thursday, referring to the Economic Forecast of the European Commission unveiled earlier that day.

Business » Finance | November 10, 2011, Thursday // 16:44 | Viewed: 2383

EC: Bulgaria's Economy to Grow by 2.3% in 2012

Bulgaria's economy will register a growth of 2.3 in 2012, according to the Fall Economic Forecast of the European Commission unveiled Thursday.

Business » Finance | November 10, 2011, Thursday // 12:02 | Viewed: 3446

Bulgarian Cabinet Shuts Down State Reserve Agency

The Bulgarian State Agency State Reserve and War-time Stocks is going to be closed, according to the final decision of the cabinet.

Business » Finance | November 9, 2011, Wednesday // 14:47 | Viewed: 1784

Bulgaria FinMin: VAT Cut Next Year Not Ruled Out

Bulgaria's finance minister has confirmed that the prospect of a cut in the value-added tax (VAT) rate, which now stands at 20%, is likely next year.

Business » Finance | November 9, 2011, Wednesday // 14:06 | Viewed: 1863

Investors Can Trust Bulgaria's Banking System, Economy - MEP

A Bulgarian member of the European Parliament has tried to assuage fears over a possible bank drain in the subsidiaries in the Eastern European country following the new rules on bank recapitalisation.

Business » Finance | November 9, 2011, Wednesday // 12:15 | Viewed: 1586

Bulgaria's FinMin Mulls Upping Retirement Age

Now is the time to reexamine the issue with retirement age and implement reforms that would secure higher pensions.

Business » Finance | November 7, 2011, Monday // 08:57 | Viewed: 1834

Bulgarian State Reserve Head Unaware of Looming Shutdown

The Chair of Bulgaria's State Agency State Reserve and War-time Stocks, Stanimir Peev, says he was not aware of the plan of Finance Minister, Simeon Djankov, to close the agency.

Business » Finance | November 5, 2011, Saturday // 12:58 | Viewed: 1774
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