Business » Finance

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: 1612

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: 2340

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: 1891

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: 1630

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: 2261

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: 1560

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: 1517

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: 1865

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: 1632

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: 1798

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: 1780

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: 1729

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: 2927

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: 1980

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: 1846

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: 2562

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: 2163

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: 1867

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: 1456

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: 1435

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: 2225
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