Business » Finance

Bulgaria Has BGN 600 M Budget Surplus

Bulgaria accumulated a BGN 600 M budget surplus for the first four months of 2009.

Business » Finance | May 19, 2009, Tuesday // 14:50 | Viewed: 1254

Finance Minister: Bulgaria Needs 3 Years to Overcome Crisis

Bulgaria Finance Minister, Plamen Oresharski has stated that Bulgaria will need from 2-3 years to overcome the current global financial crisis.

Business » Finance | May 19, 2009, Tuesday // 12:24 | Viewed: 1511

Romania Economy Officially in Recession

The Romanian economy has officially entered a period of recession over the negative effects of the global financial crisis.

Business » Finance | May 18, 2009, Monday // 20:05 | Viewed: 3484

Deputy Economy Minister: Bulgaria Needs No Foreign Help

Currently, Bulgaria does not need international help to deal with the global financial crisis.

Business » Finance | May 18, 2009, Monday // 17:31 | Viewed: 1878

Euro Zone Records EUR 400 M Trade Balance in March 2009

The 16 countries that make up the Euro zone had a positive trade balance of EUR 400 M in March for the first time in almost a year.

Business » Finance | May 18, 2009, Monday // 15:06 | Viewed: 1956

Unicredit Bankers Support Speedy Bulgaria Eurozone Entry

The Chief Economist at Unicredit Group, Marco Annunziata, has stated that Bulgaria should adopt the Euro as soon as possible.

Business » Finance | May 18, 2009, Monday // 09:41 | Viewed: 2578

BIA Chairman: Bulgaria Won't Overcome Financial Crisis Until 2012

Bulgarian Industrial Association (BIA) Chairman, Bozhidar Danev, has stated that Bulgaria will not overcome the negative effects of the global economic crisis until 2012.

Business » Finance | May 18, 2009, Monday // 08:52 | Viewed: 1436

EBRD, UniCredit Bulbank Sign EUR 50 M Loan for Bulgaria SMEs

Bulgaria's UniCredit Bulbank and the European Bank for Reconstruction and Development (EBRD) have sign an agreement for a EUR 50 M credit line, part of its funding for the crisis-hit region.

Business » Finance | May 17, 2009, Sunday // 13:17 | Viewed: 2588

World Bank OKs New USD 200 M Loan for Bulgaria

The World Bank's Board of Executive Directors has approved a USD 200 M loan to Bulgaria to support the country's reforms in the social sectors to modernize the education system, improve the financing of health services and create more and better jobs.

Business » Finance | May 17, 2009, Sunday // 12:06 | Viewed: 1694

National Bank Hopeful for Positive Foreign Impact on Bulgarian Economy

The Bulgarian National Bank (BNB) is hopeful that in the second quarter of 2009 the international environment will affect Bulgaria's economy in a positive way.

Business » Finance | May 16, 2009, Saturday // 16:48 | Viewed: 2241

Serbia to Get EUR 2,9 B from IMF

The International Monetary Fund (IMF) has approved a standby agreement with Serbia for EUR 2,9 B.

Business » Finance | May 16, 2009, Saturday // 14:18 | Viewed: 1679

World Bank: Global Financial Crisis Opportunity for Bulgaria

The global financial crisis is an opportunity for Bulgaria to develop new projects, particularly in infrastructure.

Business » Finance | May 16, 2009, Saturday // 13:56 | Viewed: 1984

Bulgaria Sticks to Currency Peg until Euro Zone Acceptance

The Bulgarian currency board linking the BGN to the EUR will remain in place until the country gains accession to the single currency.

Business » Finance | May 16, 2009, Saturday // 12:36 | Viewed: 5377

IMF Head: Worst Is Behind Us

The head of the International Monetary Fund, Dominique Strauss-Khan, said Friday that "the worse of the economic crisis is probably behind us".

Business » Finance | May 15, 2009, Friday // 18:02 | Viewed: 1717

Fitch: Bulgaria, Croatia to Ask for IMF Help

Bulgaria and Croatia are likely to ask for an emergency financial help the International Monetary Fund (IMF) over the negative effects of the global financial crisis.

Business » Finance | May 15, 2009, Friday // 13:07 | Viewed: 1810

German Economy Shrinks by 3,8% January-March 2009

Germany's gross domestic product (GDP) has dramatically decreased by 3,8% in the first three months of 2009 compared to the last quarter of 2008.

Business » Finance | May 15, 2009, Friday // 12:46 | Viewed: 1763

Bulgaria C/A Deficit Shrinks Further by 45% in Q1 2009

Bulgaria's current account deficit continues to shrink and stood at EUR 1,078 B or 3,2 % of the expected GDP in the first quarter of 2009 year-upon-year, data showed on Friday.

Business » Finance | May 15, 2009, Friday // 12:28 | Viewed: 1389

Bulgaria GDP Drops Sharply by 3,5% in Q1 2009

Bulgaria's gross domestic product (GDP) has contracted by 3,5% in the first quarter of 2009 on an annual basis, statistics office data showed on Friday.

Business » Finance | May 15, 2009, Friday // 11:48 | Viewed: 2091

Bulgaria Parliament Passes New Bank Deposit Law

Bulgaria's Parliament has voted through the changes to the law on guaranteeing bank deposits.

Business » Finance | May 14, 2009, Thursday // 11:14 | Viewed: 2978

Bulgaria Economy Minister Hopes for Europe Crisis Recovery

Petar Dimitrov, Bulgaria's Minister of Economy and Energy, has stated that Bulgaria's economy will not improve until the rest of Europe shows signs of recovery.

Business » Finance | May 14, 2009, Thursday // 09:03 | Viewed: 1536

IMF Revises Bulgaria Debt Estimate after Serious Mistake

The International Monetary Fund (IMF) has revised its estimates of short-term debt refinancing needs for Bulgaria after admitting making a serious mistake.

Business » Finance | May 13, 2009, Wednesday // 19:46 | Viewed: 3393
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria