Business » Finance

Bulgaria Business Endangered by Mounting Corporate Debt

Bulgarian companies are endangered by the fast increase of corporate obligations, including debts between separate private companies.

Business » Finance | March 17, 2009, Tuesday // 16:10 | Viewed: 1620

Bulgarian National Bank Reserve Moved to Foreign Vaults

The reserve of the Bulgarian National Bank (BNB) fell by EUR 734.7 M in January.

Business » Finance | March 14, 2009, Saturday // 11:02 | Viewed: 2079

Foreign Investment in Bulgaria Decreases Dramatically - Report

Direct foreign investments in January 2009 have decreased by 37% compared to January 2009, falling to EUR 206,2 M (0,6% of GDP), preliminary reports showed. In January 2008 the foreign investments were 1% of GDP or EUR 168 M.

Business » Finance | March 13, 2009, Friday // 16:20 | Viewed: 2520

Bulgaria's Feb CPI Up 0.1% m/m, 6% y/y

Bulgaria's consumer prices index rose by a preliminary 0.1% month-on-month in February, compared to a 0.8% growth in the previous month, the National Statistical Institute (NSI) said on Thursday.

Business » Finance | March 12, 2009, Thursday // 13:39 | Viewed: 1454

EBRD President to Visit Bulgaria, Romania

EBRD President Thomas Mirow will visit Bulgaria and Romania in the week commencing March 16, the bank announced. The trip is expected to underscore the EBRD's commitment to both these countries, in the longer term, and especially during this period of

Business » Finance | March 12, 2009, Thursday // 12:44 | Viewed: 1602

EBRD Head: Eastern Europe to Avoid Debt Default

Eastern European economies will avoid debt defaults and "bounce back strongly" after the global financial crisis, said Thomas Mirow, president of the European Bank for Reconstruction and Development, cited by Bloomberg news agency.

Business » Finance | March 11, 2009, Wednesday // 17:27 | Viewed: 1795

Bulgarian Export Trade with EU Countries Flourishes in 2008

The latest statistics regarding exports of goods from Bulgaria for 2008 have been released by the National Statistical Institute. They show that roughly 60% of Bulgaria's exports head to other EU countries.

Business » Finance | March 11, 2009, Wednesday // 17:03 | Viewed: 2484

Newsweek: Crisis in Europe to Trigger New Migrant Wave from Bulgaria, Romania

New waves of migrants from countries like Bulgaria, Romania and Ukraine can be expected as a reaction should the West close markets and shut off capital flows, wrote the US based Newsweek.

Business » Finance | March 10, 2009, Tuesday // 00:00 | Viewed: 1521

Global Economic and Financial Crisis Will Hit Bulgaria - Expert

Bulgaria is among the European countries which will eventually be hit by the global economic and financial crisis, experts from the consultancy RGE Monitoring stated. "The whole Eastern Europe region is a risky, and very dangerous place", Mary Stokes,

Business » Finance | March 10, 2009, Tuesday // 00:00 | Viewed: 2244

Euro Set to Take Over from Lev as Main Bulgarian Loan Currency

The euro has started taking over from the lev, as the main currency preferred by Bulgarian businesses and property owners, data shows. Bulgarian National Bank (BNB) figures released for January 2009 showed a huge rise in euro denominated loan portfolio

Business » Finance | March 10, 2009, Tuesday // 00:00 | Viewed: 3087

World Bank: Global Trade to Hit 80-Year Low in 2009

The World Bank warned the global economy will shrink this year for the first time since World War II, and sees trade at its lowest point in 80 years.

Business » Finance | March 9, 2009, Monday // 00:00 | Viewed: 1151

Durex Maker Expands in Eastern Europe

SSL International Plc, the manufacturer of Durex condoms, will boost its presence in eastern Europe just as the region's economic meltdown turns investors away, Chief Executive Officer Garry Watts announced, as cited by Bloomberg agency.

Business » Finance | March 6, 2009, Friday // 00:00 | Viewed: 1475

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: 2407

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: 1211

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: 1504

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: 1045

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: 1464

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: 1290

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: 1344

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: 1210

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: 2486
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