Business » Finance

Moody's Expects Bulgaria Economy to Contract by 5% in 2009

The credit rating company Moody's Investors Service expects in its latest report on Bulgaria that the country's economy will contract by 5% in 2009.

Business » Finance | July 22, 2009, Wednesday // 13:24 | Viewed: 1583

Deutsche Bank Faces Spying Allegations

Deutsche Bank has confirmed it faces a possible criminal investigation into spying allegations.

Business » Finance | July 21, 2009, Tuesday // 13:59 | Viewed: 1541

Finance Minister Nominee: Bulgaria Has to Cut BGN 2,5 B Expenses

The future Finance Minister in the GERB cabinet, Simeon Djankov, believes that Bulgaria needs to reduce its state expenditures by BGN 2,5 B as part of the modification of the state budget.

Business » Finance | July 21, 2009, Tuesday // 09:52 | Viewed: 1369

Bulgaria Budget Surplus Evaporates, Monthly Deficit Worsens

Bulgaria registered a monthly budget deficit of BGN 381 M in June 2009, according to data presented by outgoing Finance Minister, Plamen Oresharski.

Business » Finance | July 20, 2009, Monday // 11:37 | Viewed: 1660

Bulgaria Finance Minister Presents State Budget Data

Bulgaria's outgoing Minister of Finance, Plamen Oresharski, is going to present Monday data on the execution of the state budget for the first half of 2009.

Business » Finance | July 20, 2009, Monday // 08:06 | Viewed: 1433

EIBank CEO to Replace Bulgaria Central Bank Governor - Report

The chief executive of EIBank, majority-owned by Belgian KBC, has been tipped to replace Ivan Iskrov as Bulgaria's central bank governor, reports say.

Business » Finance | July 17, 2009, Friday // 11:27 | Viewed: 1707

Migrant Remittances to Bulgaria Towered to USD 2,63 B in 2008

Migrant workers remittances to Bulgaria were worth USD 2,63 B last year and accounted for 5.4% of Bulgaria's gross domestic product, the World Bank said.

Business » Finance | July 15, 2009, Wednesday // 11:33 | Viewed: 2394

Bulgaria Foreign Investments Plummet by EUR 1,3 B

The Bulgarian National Bank (BNB) has announced that foreign investments have dropped by EUR 1,3 B or 53,6% year on year for the first five months of 2009.

Business » Finance | July 15, 2009, Wednesday // 08:45 | Viewed: 1308

Bulgaria Watchdog Probes Banks over Cartel Claims

Bulgaria's anti-trust watchdog said on Monday it had launched a probe into the association of banks in the country over allegations of a cartel that fixed interest rates on both deposits and credits.

Business » Finance | July 13, 2009, Monday // 13:48 | Viewed: 1165

Bulgaria Inflation Slows Down to 3,7% in June y/y

Bulgarian consumer price inflation eased to 3,7% year-on-year in June from 3,9% a month earlier, mainly due to a drop in food prices, statistics office data showed on Monday.

Business » Finance | July 13, 2009, Monday // 12:42 | Viewed: 1302

Financial Minister Nominee: No Current Need for Bulgaria IMF Loan

Bulgaria does not need to sign an agreement for financial support from the International Monetary Fund (IMF)at the moment.

Business » Finance | July 11, 2009, Saturday // 12:19 | Viewed: 1943

German Press: Bulgaria Holds IMF Loan Negotiations

Bulgaria is one of 10 Eastern European countries in talks with the IMF about multi-billion dollar loans according to German business daily Handelsblatt.

Business » Finance | July 10, 2009, Friday // 13:21 | Viewed: 1963

IMF: Bulgaria Economy Faces Head-Spinning Decline

The International Monetary Fund expects the Bulgarian economy to shrink by 7% in 2009 and another 2,5% the next year, the head of the global lender mission to Bulgaria said.

Business » Finance | July 9, 2009, Thursday // 11:07 | Viewed: 2023

Economy Expert: Budget Revision Is Bulgaria New Government First Task

The first task of the new Bulgarian government, and the Finance Minister will be to revise the 2009 budget in order to deal with the global financial crisis.

Business » Finance | July 8, 2009, Wednesday // 20:42 | Viewed: 1826

Bulgaria UBB Wins Bank of Year Award for 2008

United Bulgarian Bank has won the "Bank of the Year 2008" award in a traditional contest, organized by the prestigious local financial Pari Daily.

Business » Finance | July 8, 2009, Wednesday // 18:34 | Viewed: 2036

Bulgaria New Finance Minister to Oust Central Bank Governor

A World Bank economist, who has been tipped as Bulgaria's next finance minister, has given indications that the central bank governor may be forced out of office.

Business » Finance | July 7, 2009, Tuesday // 13:20 | Viewed: 5209

Analysts: Markets to Welcome Bulgaria GERB's Willingness for IMF Program

"Given GERB's willingness for an IMF program, among other things, a strong government led by GERB should be well-received by the markets," Citigroup analysts said in a note to clients, as cited by MarketWatch.

Business » Finance | July 6, 2009, Monday // 17:28 | Viewed: 1196

World Bank Head Zoellick: World Economy Is still Shaky

The world economy is still in a precarious position despite signs of recovery.

Business » Finance | July 3, 2009, Friday // 11:59 | Viewed: 1532

All Bulgaria Private Pension Funds with Profit

All Bulgarian private pension funds showed positive results in the first six months of 2009.

Business » Finance | July 3, 2009, Friday // 11:40 | Viewed: 1411

Bulgaria with May Deficit, Budget Surplus Declines

Bulgaria registered a deficit of BGN 119,6 in May 2009, and its surplus declined to BGN 555,4 M, according to the latest Finance Ministry data.

Business » Finance | July 2, 2009, Thursday // 10:59 | Viewed: 1354

Finance Minister Oresharski: Bulgaria Needs No IMF Bailout Aid

Bulgaria does not need a bailout aid agreement with the International Monetary Fund, according to the outgoing Minister of Finance, Plamen Oresharski.

Business » Finance | July 1, 2009, Wednesday // 19:27 | Viewed: 1440
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