Business » Finance

Bulgaria April Inflation Eases to 4,8% y/y

Bulgarian consumer price inflation slowed to 4,8% year-on-year in April, mainly due to a drop in food prices and services, statistics office data showed on Wednesday.

Business » Finance | May 13, 2009, Wednesday // 12:08 | Viewed: 1325

EBRD: Bulgaria Faces Two Years of Recession

The European Bank for Reconstruction and Development (EBRD) became the latest addition to the club of institutions forecasting a contraction of Bulgaria's economy in 2009.

Business » Finance | May 8, 2009, Friday // 11:45 | Viewed: 1494

Bulgarian Stocks Shoot up at Open

The Bulgarian stock market indices rebounded at the start of trading on Thursday in line with a rise on Europe's leading stock markets.

Business » Finance | May 7, 2009, Thursday // 13:14 | Viewed: 1539

EBRD Oks EUR 50 M Loan for Bulgaria SMEs

The Bulgarian UniCredit Bulbank has secured a EUR 50 M credit line from the European Bank for Reconstruction and Development (EBRD) as part of its funding for the crisis-hit region.

Business » Finance | May 7, 2009, Thursday // 12:37 | Viewed: 1411

IMF Corrects Embarrassing East Europe Error

The International Monetary Fund has corrected an embarrassing error that led to the publication of exaggerated estimates of the external debt levels of crisis-hit eastern European states, the Financial Times reported.

Business » Finance | May 7, 2009, Thursday // 11:53 | Viewed: 1603

Bulgaria Currency Board Architect Voices Corruption Fears

Steve Hanke, the architect of Bulgaria's currency board, has stated that corruption is still the country's biggest problem.

Business » Finance | May 5, 2009, Tuesday // 18:19 | Viewed: 2332

ECB Main Interest Rate to Hit Bottom Low

The European Central Bank (ECB) is going to announce record low interest rates included in a package of measures to help the countries in the Eurozone deal with the worst recession in 60 years.

Business » Finance | May 3, 2009, Sunday // 10:11 | Viewed: 1888

Bulgaria Main Interest Rate down to 2,27% in May 2009

The Bulgarian National Bank (BNB) has determined Friday the main interest rate to be 2,27% in May 2009.

Business » Finance | May 1, 2009, Friday // 10:52 | Viewed: 1615

Fitch Lowers Bulgaria Outlooks Rating to Negative

Fitch Ratings has today affirmed Bulgaria's Long-term foreign currency Issuer Default Rating (IDR) at 'BBB-' (BBB minus), and Long-term local currency IDR at 'BBB', and revised their respective rating Outlooks to Negative from Stable.

Business » Finance | April 30, 2009, Thursday // 19:35 | Viewed: 2250

Bulgaria Finance Minister Denies Reports of IMF Bailout Request

Bulgaria's finance minister has denied reports that the country was the next in line after Hungary, Latvia, Serbia, Romania and Poland to seek an International Monetary Fund-led bailout.

Business » Finance | April 29, 2009, Wednesday // 19:00 | Viewed: 1548

World Bank: Bulgaria Should Avoid 2009 Budget Deficit

Florian Fichtl, the World Bank representative for Bulgaria, has stated that the country should avoid finishing the year with a budget deficit.

Business » Finance | April 29, 2009, Wednesday // 18:31 | Viewed: 1515

PM Stanishev: Bulgaria Might Not Need Large Budget Surplus

Bulgaria might reduce its budget surplus, the Bulgarian Prime Minister Sergey Stanishev said Wednesday.

Business » Finance | April 29, 2009, Wednesday // 17:44 | Viewed: 1859

IMF Snubbed Bulgaria's Bail-out Request - Opposition Leader

Bulgaria was the next in line after Hungary, Latvia, Serbia, Romania and Poland to seek an International Monetary Fund-led bailout, but was refused aid, an opposition leader claims.

Business » Finance | April 29, 2009, Wednesday // 13:37 | Viewed: 1606

Bulgaria Finance Minister, IMF: Euro Talks Off-Topic

Bulgaria and IMF officials have agreed that joining the Exchange Rate Mechanism, the "waiting room" for euro membership, and adopting the common European currency can not be on the agenda at times of global economic crisis.

Business » Finance | April 28, 2009, Tuesday // 12:12 | Viewed: 1788

Bulgaria Finance Minister in DC: Budget Surplus Will Be 1%

Despite the effects of the global financial crisis, Bulgaria is going to have a 1% budget surplus in 2009.

Business » Finance | April 27, 2009, Monday // 09:12 | Viewed: 1771

IMF Tells Bulgaria to Curb Spending, No Talks on Loan

The Bulgarian government should sharply cut spending to avoid slipping into a 1% budget deficit at the end of this year.

Business » Finance | April 22, 2009, Wednesday // 14:40 | Viewed: 1716

Fitch: Bulgaria, Romania to Join Eurozone in 2015

Fitch rating agency has forecast that Bulgaria and Romania will join the euro area in 2015, specifying that the timetable is likely to be changed.

Business » Finance | April 21, 2009, Tuesday // 10:10 | Viewed: 2914

Bulgarians Split over Swift Euro Introduction

The Bulgarian society is cut in two over the recent calls for immediate introduction of the European single currency, a new survey on EU's actions in the face of the economic and financial crisis shows.

Business » Finance | April 21, 2009, Tuesday // 08:58 | Viewed: 1961

Bulgaria Customs Hit by Global Financial Crisis

The Bulgaria's National Customs Agency revenue has decreased by BGN 130-140 M monthly over the global financial crisis.

Business » Finance | April 18, 2009, Saturday // 14:50 | Viewed: 1830

Mexico Gets USD 47 B IMF Loan

The International Monetary Fund has approved a USD 47 B line of credit for Mexico.

Business » Finance | April 18, 2009, Saturday // 11:48 | Viewed: 2544

ECB President: Confidence Crucial in Surviving Crisis

People's trust in authorities is crucial for exiting the current financial crisis, and uncertainty in politics will postpone restoration.

Business » Finance | April 17, 2009, Friday // 10:19 | Viewed: 2149
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