Business » Finance

Bulgaria Economy Officially Enters Recession

Bulgaria's gross domestic product (GDP) has contracted by 3,5% in the first quarter of 2009 on an annual basis, the statistics office announced on Wednesday, confirming flash data released last month.

Business » Finance | June 10, 2009, Wednesday // 17:29 | Viewed: 2252

Bulgaria PM Slams Opposition Attacks against Cbank Governor

Bulgaria's Socialist Prime Minister Sergey Stanishev has described as insolent hints that the centre-right opposition will topple the recently re-elected governor of the central bank if they come into power.

Business » Finance | June 10, 2009, Wednesday // 14:28 | Viewed: 1141

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, the statistics office announced on Wednesday,

Business » Finance | June 10, 2009, Wednesday // 12:26 | Viewed: 1711

German Inflation Down to Zero Y/Y

Germany's inflation rate fell to zero in May 2009 year-on-year for the first time in at least 13 years over lower energy costs and weakening demand.

Business » Finance | June 10, 2009, Wednesday // 11:01 | Viewed: 2019

Bulgaria Budget Deficit to Reach BGN 3 B in 2009

The Bulgarian state budget may end up with a deficit of BGN 2 or 3 billion towards the end of 2009.

Business » Finance | June 9, 2009, Tuesday // 11:07 | Viewed: 2503

Bulgaria Budget Buffers Work for Now

The budget buffers are keeping the Bulgarian budget from the negative effects of the growing gap between state's income and expenses.

Business » Finance | June 3, 2009, Wednesday // 10:45 | Viewed: 1231

Bulgarian Economists Recommend Fiscal Deficit Policies

Bulgaria would be better off in the present economic crisis if it maintained a fiscal deficit, according to a group of economists from Bulgarian universities.

Business » Finance | June 2, 2009, Tuesday // 19:41 | Viewed: 1499

Bulgaria Banking System Is Stable - Report

The Bulgarian banking system is stable, liquid and profitable, and banks have enough provisions to counter defaulting loans.

Business » Finance | June 2, 2009, Tuesday // 14:54 | Viewed: 3252

Bulgaria Government Increases Its Expenses

Despite the calls from the business, the IMF, and the opposition the Bulgarian government continues increasing its budget spendings.

Business » Finance | June 2, 2009, Tuesday // 12:57 | Viewed: 1313

Bulgaria Budget Surplus Shows Dramatic Decrease

Bulgaria had a budget surplus of BGN 675,5 M at the end of April, decreasing from BGN 2,7 B at the same time last year.

Business » Finance | June 1, 2009, Monday // 11:50 | Viewed: 5648

Standard & Poor's Keeps Sofia Credit Rating Positive

The international credit rating agency Standard & Poor's has decided to preserve the BB+ rating with a positive perspective of the Bulgarian capital Sofia.

Business » Finance | June 1, 2009, Monday // 10:25 | Viewed: 2604

Central Bank Governor: Bulgaria Bank System Is Stable

The Bulgarian banking system is stable, despite the increase of bad credits.

Business » Finance | May 30, 2009, Saturday // 17:32 | Viewed: 1781

Eurozone Records Zero Inflation in May 2009 Y/Y

The inflation rate in the Eurozone in May 2009 is 0,0% year-on-year for the first time since it came into existence.

Business » Finance | May 29, 2009, Friday // 14:51 | Viewed: 2342

Bulgaria Elects Cbank Deputy Governor

A day after reelecting for another six-year-term the current governor of the central bank BNB, Bulgaria's parliament picked his deputy.

Business » Finance | May 29, 2009, Friday // 11:18 | Viewed: 1087

Russia Introduces Free Currency Rate

Russia's Central Bank (CBR) intends to introduce a free currency flow regime for the rouble (RUB).

Business » Finance | May 28, 2009, Thursday // 19:20 | Viewed: 1792

Bulgaria Parliament Reelects Cbank Governor Just Before Elections

A month ahead of the general election, Bulgaria's parliament reelected on Thursday for another six-year-term the current governor of the central bank BNB.

Business » Finance | May 28, 2009, Thursday // 13:05 | Viewed: 1187

Bulgaria End-March Foreign Debt Down by EUR 418 M m/m

Bulgaria's gross foreign debt stood at EUR 36,41 B at the end of March, down by EUR 418 M over the previous month, official data showed.

Business » Finance | May 28, 2009, Thursday // 08:37 | Viewed: 2959

EIF Secure JEREMIE Credit Source for Bulgaria Businesses

The European Investment Fund (EIF) secured a credit resource for Bulgaria worth EUR 200 M on Wednesday.

Business » Finance | May 27, 2009, Wednesday // 15:08 | Viewed: 1815

Bulgaria Banks Said to be Partly Responsible for Euro Decline

Moody's Investors Service placed its rating outlooks for Bulgaria's DSK Bank AD and First Investment Bank Ltd on review for a possible downgrade, Bloomberg agency reported in an article about the first fall of the euro against the dollar in seven days.

Business » Finance | May 26, 2009, Tuesday // 12:11 | Viewed: 1646

Moody's Reviews Ratings of Bulgaria DSK, First Investment Bank

Moody's Investors Service has placed on review for possible downgrade ratings of two Bulgarian financial institutions: DSK Bank AD and First Investment Bank Ltd.

Business » Finance | May 26, 2009, Tuesday // 10:31 | Viewed: 2231

Bulgaria Parliament Set to Re-Elect Bank Governor This Week

Bulgaria's parliament is expected to elect this week for another six-year-term the current governor of the central bank BNB, according to reports.

Business » Finance | May 25, 2009, Monday // 18:24 | Viewed: 1317
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