Business » Finance

IMF Warns Eastern Europe over Severe and Long Recession

The International Monetary Fund warned that the financial crisis is having far-reaching effect on emerging economies, and particularly in Eastern Europe.

Business » Finance | April 16, 2009, Thursday // 20:17 | Viewed: 1859

Ex Finance Minister: Bulgaria among EU's Three Least Indebted States

Bulgaria's is among EU's three least indebted nations, according to the former Bulgarian Finance Minister and current MP, Milen Velchev.

Business » Finance | April 16, 2009, Thursday // 16:27 | Viewed: 1441

Crisis Shrinks Bulgaria C/A Deficit by 55.6%

Bulgaria's current account deficit has shrunk more than twice to EUR 649.3 M or 1.8 % of GDP in the first two months of 2009 year-upon-year in the wake of the global financial crisis, data showed on Wednesday.

Business » Finance | April 15, 2009, Wednesday // 15:17 | Viewed: 1420

BGN 3,5 B Bulgaria 2009 Budget Hole - IMF Report

BGN 3,5 B of the expected Bulgarian 2009 budget revenue will not be collected over the global financial crisis.

Business » Finance | April 15, 2009, Wednesday // 08:51 | Viewed: 2201

Coface Cuts Bulgaria Credit Rating

Coface, the international company for credit risk management, said it has revised downwards Bulgaria's credit rating from A4 to B.

Business » Finance | April 14, 2009, Tuesday // 17:40 | Viewed: 1537

World Bank Offers Bulgaria Financial Ombudsman Option

The World Bank has presented three options for Bulgaria to solve arguments over financial services in its latest report.

Business » Finance | April 14, 2009, Tuesday // 15:49 | Viewed: 2777

Bulgaria Records 0,2% Deflation in March 2009

Bulgaria recorded 0,2% deflation in March, the National Statistical Institute reported.

Business » Finance | April 14, 2009, Tuesday // 12:42 | Viewed: 1918

Bulgaria State Debt Down by EUR 55,6 M in February

Bulgaria's national debt decreased by EUR 55,6 m in February 2009 month-on-month, the Finance Ministry reported.

Business » Finance | April 10, 2009, Friday // 18:11 | Viewed: 1497

Bulgaria Trade Records 10,1% February Decrease

The Bulgarian trade sector decreased by 10,1% in February 2009 month on month.

Business » Finance | April 10, 2009, Friday // 13:40 | Viewed: 1698

Bulgaria Says No Need to Speed up Euro Adoption

Bulgaria's finance minister has taken a stance against the immediate introduction of the euro, saying this would have no significant economic impact.

Business » Finance | April 9, 2009, Thursday // 11:08 | Viewed: 1840

IMF Calls on Eastern EU to Adopt Euro

European Union states in central and eastern Europe should consider scrapping their currencies in favour of the euro even without formally joining the eurozone,

Business » Finance | April 6, 2009, Monday // 11:22 | Viewed: 1618

Bulgarian Bank Governor Attacks Foreign Media

Ivan Iskrov, the Governor of the Bulgarian National Bank (BNB), has launched an attack on foreign institutions criticizing Bulgaria's financial position.

Business » Finance | April 6, 2009, Monday // 08:42 | Viewed: 1809

Bulgaria Finance Minister Sees First Signals of Economic Recovery

Bulgaria's Prime Minister, Plamen Oresharski, has said the first signals of economic improvements amidst the global crisis could be seen.

Business » Finance | April 4, 2009, Saturday // 18:12 | Viewed: 2152

ECB Reduces Rates to 1.25%

The European Central Bank (ECB) has cut interest rates in the eurozone to a record low of 1.25% from 1.5%.

Business » Finance | April 2, 2009, Thursday // 15:20 | Viewed: 1471

Bulgaria Finance Minister Unruffled over Drop in Surplus

Bulgaria's Finance Minister Plamen Oresharski has tried to assuage fears over the slide in the budget surplus and the rise in total fiscal spending recorded in February.

Business » Finance | April 2, 2009, Thursday // 13:57 | Viewed: 1342

Bulgaria Budget Surplus Falls by 35% in February 2009

Bulgaria's budget surplus decreased by 35% month-on-month in February 2009, reaching BGN 587 M.

Business » Finance | April 1, 2009, Wednesday // 11:02 | Viewed: 1351

Five EU Countries with Higher than Allowed Budget Deficit

Five European member countries have exceeded the maximum budget deficit allowed by the EU.

Business » Finance | March 30, 2009, Monday // 14:27 | Viewed: 3029

Bulgaria Unpaid Credit Installments Soar over Financial Crisis

The Bulgarian National Bank (BNB) has estimated that up until the end of February 2009, the number of unpaid credit installments soared 116,8 % year on year.

Business » Finance | March 26, 2009, Thursday // 08:56 | Viewed: 2349

Capital Economics: Bulgaria Will Ask for IMF Loan

Bulgaria is likely to soon ask for an IMF loan following its neighbor Romania, according to a report by UK based Capital Economics Ltd..

Business » Finance | March 24, 2009, Tuesday // 12:37 | Viewed: 9964

Moody's: Bulgaria Economy Stable, 2009 Recession Expected

Moody's Investors Service has affirmed Friday the Baa3 local and foreign currency ratings of the Bulgarian government, saying that the outlook remains stable.

Business » Finance | March 20, 2009, Friday // 18:10 | Viewed: 5993

IMF Report: Foreign Capital Reliance Leaves Bulgaria Vulnerable

The International Monetary Fund (IMF) has stated that Bulgaria is in a dangerous position because of its reliance on foreign capital.

Business » Finance | March 18, 2009, Wednesday // 08:28 | Viewed: 3166
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