Business » Finance

Bulgarian National Bank Governor: Bulgaria Is Informally in Eurozone

The Governor of the Bulgarian National Bank, Ivan Iskrov, said Thursday the currency peg practically made Bulgaria an informal member of the Eurozone. Iskrov took part in the Invest in Bulgaria 2009 Summit, which took place in Sheraton Hotel in Sofia.

Business » Finance | March 5, 2009, Thursday // 00:00 | Viewed: 2377

Bulgaria Economy Minister: Crisis Saves Us from Import of Workers

Bulgaria's Economy Minister, Petar Dimitrov, said Thursday the country was going to avoid the import of foreign workers thanks to the effects of the global financial crisis.

Business » Finance | March 5, 2009, Thursday // 00:00 | Viewed: 1187

Investment Agency Head: Bulgaria No Less Competitive than China's East Coast

The Director of the InvestBulgaria Agency, Stoyan Stalev, said Thursday that Bulgaria was not less attractive for foreign investors than the world's top investment destination, the East Coast of China.

Business » Finance | March 5, 2009, Thursday // 00:00 | Viewed: 1487

China PM: Most Difficult Year This Century Due to Financial Crisis

Chinese PM Wen Jiabao has said the current year will be the most difficult the country has faced this century because of the global economic crisis, while announcing the latest program to stimulate the China's economy, the BBC reported Thursday.

Business » Finance | March 5, 2009, Thursday // 00:00 | Viewed: 1033

Romanian and Greek Businesses Escape to Bulgaria to Avoid Financial Crisis

Romanian businesses have started to move on mass to Bulgaria, in an attempt to avoid the worst affects of the current global financial crisis in their home country, Bulgarian daily newspaper Standart reported Thursday. The Bulgarian border city of Ruse

Business » Finance | March 5, 2009, Thursday // 00:00 | Viewed: 1446

Deputy Finance Minister: Bulgaria Already Feels Positive Crisis Effects

Bulgaria is already experiencing the positive effects of the global financial crisis, according to the Deputy Minister of Finance, Lyubomir Datsov. During a conference dedicated to Bulgaria's "Financial Sector in the Context of the Global Financial and

Business » Finance | March 4, 2009, Wednesday // 00:00 | Viewed: 1268

Bulgaria Cuts Twice Threshold for Investor Certificates

First-class investor certificates, the highest investor rank in Bulgaria, will be awarded to companies with a minimum investment volume of BGN 32 million, not BGN 70 million, the government decided on Wednesday.

Business » Finance | March 4, 2009, Wednesday // 00:00 | Viewed: 1312

5 Eastern European Banks Rise up to Back Their Economies

The central banks of five Eastern European countries, including Bulgaria, have slammed as "simplified and misleading" reports that the region's banks were at risk.

Business » Finance | March 4, 2009, Wednesday // 00:00 | Viewed: 1197

Bulgarian Milk Processing Company Shuts down over Global Financial Crisis

The Bulgarian milk processing company "Serdika-90" shut down over the global financial crisis.

Business » Finance | March 4, 2009, Wednesday // 00:00 | Viewed: 2466

Bulgaria with Lowest Base Interest Rate in Two Years

The Bulgarian National Bank has lowered Bulgaria's base interest rate by 0,43 percentage points bringing it to its lowest level since January 2007.

Business » Finance | March 1, 2009, Sunday // 00:00 | Viewed: 3475

Bulgarian Labor Minister Expects Crisis Unemployment Rise in 2009

Emilia Maslarova, Bulgaria's Minister of Labor and Social Policy, has suggested that unemployment in the country will rise sharply over the next few months. Maslarova expects many more people to be looking for work in 2009, Darik Radio reported Saturday.

Business » Finance | February 28, 2009, Saturday // 00:00 | Viewed: 1638

Bulgaria Authorities to Verify Legitimacy of Individual Wealth over BGN Half M

In May and no later then June, the Bulgarian Interior Ministry, the State Agency for National Security (DANS) and the National Revenue Agency (NRA) are going to begin check-ups of individuals whose wealth exceeds BGN 500,000, the EU Affairs Minister Gerga

Business » Finance | February 26, 2009, Thursday // 00:00 | Viewed: 1278

Standard & Poor's: Bulgaria among Eastern Europe States Vulnerable to Crisis

The economies of Bulgaria and Romania are much more vulnerable to the effects of the global financial crisis compared to those of Poland, the Czech Republic, and Slovakia.

Business » Finance | February 25, 2009, Wednesday // 00:00 | Viewed: 1314

KPMG Europe: Bulgaria Can Benefit from Global Financial Crisis

Bulgaria has very good chances to benefit from the global financial crisis, according to experts from the consultancy company KPMG Europe, cited by the Darik radio. Wednesday, Torsten Aman from KPMG Europe offered an analysis of the situation on intern

Business » Finance | February 25, 2009, Wednesday // 00:00 | Viewed: 1771

Richest Bulgarians Lose BGN 2,4 B over Financial Crisis

Seven of the richest Bulgarian businessmen have lost a total of BGN 2,4 B since the beginning of the global financial crisis, according to statistics of the Bulgarian website milionerite.com ("the millionaires"), as cited by the Pari Daily.

Business » Finance | February 24, 2009, Tuesday // 00:00 | Viewed: 4821
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria