Business » Finance

Bulgaria Base Interest Rate Record Low

The Bulgarian National Bank determined a record low 2,24% base interest rate for July 2009.

Business » Finance | July 1, 2009, Wednesday // 14:35 | Viewed: 1337

Bulgaria Needs EUR 16,5 B for Infrastructure Projects

Bulgaria needs EUR 16,5 B for completing or modernizing its infrastructure.

Business » Finance | June 30, 2009, Tuesday // 17:24 | Viewed: 2196

Turkey Economy Collapses by 13,8% in Q1 2009 Y/Y

Turkey's economy shrank by 13,8% in the first quarter of 2009 year-on-year as foreign trade contracted sharply amid the global recession.

Business » Finance | June 30, 2009, Tuesday // 16:26 | Viewed: 1820

Bulgaria Banks Give 16% more Credits in May Y/Y

Bulgarian banks gave 16% more credit in May 2009 year-on-year.

Business » Finance | June 30, 2009, Tuesday // 13:34 | Viewed: 1511

IMF Renounces Bulgaria Loan Application News

Bulgaria has not turned to the International Monetary Fund for a loan to help it cope with the effects of the global financial crisis.

Business » Finance | June 30, 2009, Tuesday // 10:18 | Viewed: 1538

Raiffeisen Economist: Bulgaria Discusses Bailout Aid with IMF

Bulgaria is having informal discussions with the International Monetary Fund over the growing negative effects of the global financial crisis.

Business » Finance | June 29, 2009, Monday // 14:24 | Viewed: 1484

Bulgaria Credit Interest Rates Without Decrease until End of 2009

The interest rates of bank credits in Bulgaria will not decreased until the end of 2009.

Business » Finance | June 28, 2009, Sunday // 11:16 | Viewed: 2873

Bulgaria, IMF Deal to Come with "Stigma Attached"

Politicians, who call for an urgent deal with the International Monetary Fund, should not forget that if a healthy country asks IMF for help, then the market decides that the condition of the country is much worse than they thought before.

Business » Finance | June 24, 2009, Wednesday // 15:26 | Viewed: 1308

Bulgaria Foreign Debt Stands at EUR 36.6 B End-April

Bulgaria's gross foreign debt totaled EUR 36.6 B at the end of April, marking an increase by EUR 127 M on the month, central bank data showed.

Business » Finance | June 24, 2009, Wednesday // 12:22 | Viewed: 1428

EC Warns Bulgaria over Continuing Recession

Recession in Bulgaria will continue in 2009 and 2010, the EC report on Public Finances in the EU forecasts.

Business » Finance | June 24, 2009, Wednesday // 10:24 | Viewed: 1632

Fitch Ups Support Rating of Bulgaria's First Investment Bank

The international credit rating agency Fitch has increased the support rating of Bulgaria's First Investment Bank (FIB) from 5 to 3.

Business » Finance | June 23, 2009, Tuesday // 19:52 | Viewed: 2400

Bulgaria Ruling Socialists Say No Need for IMF Deal

The Bulgarian Socialists, who lead the three-way government, has taken a stance against the call of the opposition rightist GERB party, tipped to win a July 5 parliamentary election, for an urgent deal with the International Monetary Fund (IMF).

Business » Finance | June 22, 2009, Monday // 15:33 | Viewed: 1350

PM Says Bulgaria in Touch with IMF on Loan

Bulgaria is in close contact with the International Monetary Fund on a possible emergency funding deal, but any major policy decisions are likely to wait until after the July 5 general election, Bulgarian prime minister said in an interview with Dow Jones

Business » Finance | June 21, 2009, Sunday // 08:00 | Viewed: 1195

GERB Leader: Bulgaria Needs Urgent IMF Agreement

The leader of Bulgaria's center-right opposition party, which is expected to win the upcoming general elections, has called for the immediate signing of an agreement with the International Monetary Fund (IMF) in a bid to secure financial stability.

Business » Finance | June 17, 2009, Wednesday // 14:34 | Viewed: 1299

Bulgaria Current Account Deficit Shrinks Further

Bulgaria's current account deficit continued to shrink during the first four months of the year and stood at EUR 1,069 B or 5% of GDP at the end of April 2009 year-upon-year, data showed on Friday.

Business » Finance | June 17, 2009, Wednesday // 13:01 | Viewed: 2172

EIU: Bulgaria to Ask IMF, EU for Aid

Given Bulgaria's large external debt and current-account deficit, the Economist Intelligence Unit (EIU) has assumed that the country will require some financial assistance from the IMF and the EU.

Business » Finance | June 17, 2009, Wednesday // 09:58 | Viewed: 1304

World Not over Worst of Recession - EBRD Economist

The global economy is not over the worst of the recession, Erik Berglof, chief economist at the European Bank for Reconstruction and Development, said.

Business » Finance | June 16, 2009, Tuesday // 12:29 | Viewed: 1740

ECB Governor Warns Bulgaria against Speedy Euro Adoption

The European Central Bank (ECB) governor Jean-Claude Trichet, who is on a visit in Sofia, has taken a stance against the immediate introduction of the euro, saying it is crucial that requirements are met first.

Business » Finance | June 12, 2009, Friday // 19:39 | Viewed: 2379

Bulgaria Fin Min: "Moderately Optimistic" on No Need For IMF

Bulgaria doesn't need to turn to the International Monetary Fund for emergency funding, Finance Minister Plamen Oresharski told Dow Jones Newswires in an interview.

Business » Finance | June 12, 2009, Friday // 16:29 | Viewed: 1291

Bulgaria Inflation Slows Down to 3,9% in May y/y

Bulgarian consumer price inflation eased to 3,9% year-on-year in May from 4,8% a month earlier, mainly due to a drop in food prices, statistics office data showed on Friday.

Business » Finance | June 12, 2009, Friday // 13:14 | Viewed: 1323

Bulgaria "Trapped" with Currency Pegs at Over-Valued Rates

Bulgaria, together with Latvia, Estonia and Lithuania, are trapped with currency pegs at over-valued rates, implying harsh deflation, the Daily Telegraph wrote in an article about the global recession.

Business » Finance | June 11, 2009, Thursday // 11:00 | Viewed: 1731
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