Austria's banks will have to tighten the rules on ending and capital quotas in Central, Eastern and south-eastern Europe under rules imposed by Austrian authorities in a bid to protect the country's AAA credit rating.
Northwestern Bulgaria ranks yet again as the poorest EU region, according to data of the EU statistical office.
Hungary has blamed the euro zone debt crisis for prompting it make an official request for precautionary financial help from the International Monetary Fund and the European Union.
Bulgarian Prime Minister Boyko Borisov has scolded the heavily indebted states in the EU that have contributed to the euro zone debt crisis during a joint press conference with his Swedish counterpart Fredrik Reinfeldt.
Bulgaria's bank system has enough buffers to cover bad credits, according to Open Society economist Georgi Angelov.
Bulgaria's two major syndicates have rebelled against the government's intention to up the retirement age by 1 year as of 2012.
Central banks gold purchases in the third quarter were more than two times higher in comparison with the previous quarter, World Gold Council data showed on Thursday to the surprise of gold traders and analysts.
Bulgaria's 2012 state budget that was just approved by the Parliament in Sofia should put the country on a path to further reduce its deficit, international credit rating agency Fitch said.
Bulgaria's parliament approved at first reading on Wednesday the draft budget for 2012, which aims at a budget deficit of 1.35% of gross domestic product, a growth of 2.3% and inflation of 2.5%.
Retirement age in Bulgaria will go up by one year for both men and women as early as 2012, Deputy Finance Minister, Vladislav Goranov told the Members of the Parliament Wednesday.
The forecasted growth of Bulgaria's economy in budget 2012 has been updated from 3.7% to 2.3%, Finance Minister, Simeon Djankov, announced Wednesday.
The Bulgarian Parliament is debating Wednesday at first reading the draft budget 2012.
Bulgarian Members of the Parliament passed at first reading Tuesday several important amendments in a number of tax bills.
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.
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.
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.
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.
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.
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.
The consumer price index (CPI) in October 2011 compared to September 2011 was 100.
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.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
