Business » Finance

Greece's Economy Contracts by 6.9% in a Year

Greece's GDP shrank by 6.9% in the second quarter of 2011 from the same period a year earlier, according to the Greek statistics service.

Business » Finance | August 12, 2011, Friday // 18:14 | Viewed: 2352

Soros Blames Germany for Euro Crisis Escalation

US investment guru George Soros has put the blame for the deepening European debt crisis squarely on Germany's chancellor shoulders, harshly criticizing her "slow" approach.

Business » Finance | August 12, 2011, Friday // 14:16 | Viewed: 2986

Bulgaria's Economic Growth Slows Down in Q2

The Bulgarian economy's growth slowed down to 1.9% in the second quarter of the year on an annual basis due to a decline in exports, data of the statistics office showed on Friday.

Business » Finance | August 12, 2011, Friday // 13:14 | Viewed: 2430

European Commission Snubs Rumors of France Credit Downgrade

The European Commission has spoken out disparagingly Thrusday on incipient rumors that France might well be the next country with a credit rating downgrade.

Business » Finance | August 11, 2011, Thursday // 15:23 | Viewed: 1970

Bulgaria to Sue National Bank of Greece for EUR 3 M

Bulgaria's Privatization Agency is set to file a claim against the National Bank of Greece for at least EUR 3 M at the Court of Arbitration in Paris, for failing to pay a bank guarantee.

Business » Finance | August 11, 2011, Thursday // 14:40 | Viewed: 2789

Bulgaria's Greek-owned 'UBB' Bank with BGN 64 M Profit in 2010

The United Bulgarian Bank (UBB), which is fully owned by the National Bank of Greece (NBG), has announced a net profit of BGN 63.88 M in 2010.

Business » Finance | August 11, 2011, Thursday // 13:22 | Viewed: 3733

Bulgarian Banks See Significant Growth in Deposits

Bulgaria's population managed to put aside regular savings over the last year, leading to a sharp increase in the money stashed in bank deposits, official data shows.

Business » Finance | August 11, 2011, Thursday // 09:55 | Viewed: 2379

Asian Stocks Drop after Fear Returns to US, Europe Markets

Asian stock markets saw declines on Thursday following drops in the USA and Europe Wednesday, with fears that bigger developed economies are increasingly affected by the financial crisis.

Business » Finance | August 11, 2011, Thursday // 02:57 | Viewed: 1964

VAT Fraud Cost Bulgaria BGN 3 B in 5 Years - Tax Agency

VAT fraud costs Bulgaria about BGN 750 M per year, according to a study of the National Revenue Agency.

Business » Finance | August 10, 2011, Wednesday // 10:09 | Viewed: 2590

FinMin Reassures Bulgarians, Pledges New Minimum Wage Hike

Bulgaria has sound fiscal policies and the government will even be mulling upping further the minimum wage in the spring, after the planned increase this fall, Finance Minister Simeon Djankov has reassured.

Business » Finance | August 10, 2011, Wednesday // 09:47 | Viewed: 1800

Asian Stock Markets Follow Wall Street Rebound after Fed Pledge

Asian stock markets have rebounded Wednesday after the US Federal Reserve said Tuesday it will keep interest rates on hold.

Business » Finance | August 10, 2011, Wednesday // 09:20 | Viewed: 2046

FinMin: Bulgarians, Mind Own Business, No Worries about Global Markets!

Bulgarians should not be worried because they will not suffer from the effects of international stock market turmoil, according to Finance Minister Simeon Djankov.

Business » Finance | August 10, 2011, Wednesday // 08:23 | Viewed: 1849

Fed Promises Low Interest Rates for 2 Years

The US Federal Reserve declared Tuesday that it will keep interest rates low for at least two years, bringing disappointment to the markets amidst expectations for more tangible action on its part.

Business » Finance | August 10, 2011, Wednesday // 00:33 | Viewed: 1444

US Stocks Rally ahead of Federal Reserve Statement

US stocks made a come back on Tuesday ahead of the keenly expected Federal Reserve's latest statement on monetary policy.

Business » Finance | August 9, 2011, Tuesday // 19:57 | Viewed: 1885

Bulgarian Finance Ministry Rebuts Crisis HQs Report

Bulgaria's Finance Ministry is heading a Consulting Council for Financial Stability which constantly monitors the recovery of the economy and global markets.

Business » Finance | August 8, 2011, Monday // 12:50 | Viewed: 2079

Bulgaria Sets Emergency HQs over US Debt Crisis

The Bulgarian cabinet is establishing emergency headquarters to monitor financial markets in the US and Europe for threats of another economic crisis wave.

Business » Finance | August 8, 2011, Monday // 09:30 | Viewed: 2425

Bulgarian PM: US Debt Crisis Is Warning against Populism

The downgrading of the US credit rating by S&P is a sign the current times are not times for populism, according to Bulgaria's Prime Minister, Boyko Borisov.

Business » Finance | August 8, 2011, Monday // 08:11 | Viewed: 2242

US Angry as S&P Downgrade Debt Rating

Standard & Poor's downgraded the debt rating of the USA from AAA to AA+, which is the first downgrading of the States for the agency's 70 years of existence.

Business » Finance | August 6, 2011, Saturday // 13:24 | Viewed: 2348

Bulgarian Stock Market Hit by Global Shares Rout

The Bulgarian bourse indices fell sharply on Friday as the stock markets in Asia and Europe recorded sharp declines, while Wall Street had its worst day since the 2008 financial crisis.

Business » Finance | August 5, 2011, Friday // 15:38 | Viewed: 2500

Cost of Bulgarian Fall Elections Estimated at BGN 35 M

The Bulgarian cabinet is setting aside BGN 35 M for the October 23 local and presidential elections.

Business » Finance | August 3, 2011, Wednesday // 08:07 | Viewed: 2669

Bulgaria on Rocky Road to Recovery, GDP to Grow 3% 2011 - Think-Tank

Driven by strong exports, as well as the good performance of the industry and services sectors, the Bulgarian economy has started to expand, but too weakly and unsteadily, a local think-tank has said.

Business » Finance | August 2, 2011, Tuesday // 16:09 | Viewed: 2591
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