Austria: ECB Could Stop Financing Cyprus by Friday
The ECB will stop giving funds to Cypriot banks if a new bailout plan is not negotiated until Friday, March 22, according to Austria's Minister of Finance Maria Fekter.
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Business » Finance
Cyprus, Russia Fail to Reach Loan Renegotiation
Cypriot Finance Minister Michalis Sarris and Russian counterpart Anton Siluanov failed to reach a deal on renegotiating Cyprus's loan during talks in Moscow.
Ex Bulgarian FinMin: Financial Discipline of GERB Govt is Myth
Plamen Orehsarski, former Finance Minister in the three-way coalition government, has said that the caretaker government panel is too closely connected with the previous center-right GERB Cabinet to disclose anything important about its term in office.
Bulgaria Reopens 7-Year EUR-Denominated Bonds Sale
Bulgaria's Ministry of Finance has reopened for the third time Monday the sale of 7-year EUR denominated sovereign bonds.
New Bulgarian PM Still Elusive about Budget Health
Caretaker Bulgarian PM Marin Raykov has yet again refrained from giving details about the status of Bulgaria's state budget amid fears that it might be in a less than balanced condition following the political crisis in the country.
Bulgarian Oligarch Moves to Swallow MKB Unionbank
Bulgarian First Investment Bank, known to be controlled by controversial businessman Tseko Minev, is the sole bidder for the sale of Bulgarian MKB Unionbank.
Expats Remain Bulgaria's Biggest 'Foreign Investor'
In January 2013, Bulgarians abroad have wired to their homeland twice more funds than the foreign direct investment, according to flash estimates released by the Bulgarian Central Bank, BNB.
Foreign Direct Investments in Bulgaria Plummet Jan 2013 Y/Y
Foreign direct investments in Bulgaria for January 2013 increased by EUR 31.4 M (0.1% of GDP), according to flash estimates released by the Bulgarian Central Bank, BNB, on Friday.
Bulgaria Explains Axing Bourse Sale
Bulgaria's Finance Ministry has listed two official reasons for Bulgaria giving up on plans to find an investor for its only stock exchange and sell it during the first quarter of 2013.
Bulgaria Nixes Contract with Czech Consultant for Bourse Sale
Bulgaria has suspected the contract with Czech company Patria Corporate Finance after decided to abandon the privatization of the bourse.
Bulgaria's Bourse Sale Fails
Bulgaria has given up on plans to find an investor for its only stock exchange and sell it during the first quarter of 2013.
Bulgaria's Ex-FinMin: We Did What We Could
Bulgaria's former Finance Minister Simeon Djankov has expressed his regret that his government could not increase the nation's incomes.
Bulgaria's Deposit Interest Tax Receipts for Jan 2013 Fall Short of Target
Tax receipts from the tax on interest earned from bank deposits for January amounted to BGN 8.6 M, compared to the annual target of BGN 150 M.
Exiting Bulgarian FinMin: State Budget Is in Great Shape
Bulgaria's budget balance is better than at the start of term of the exiting GERB cabinet, said Monday outgoing Vice-PM and Minister of Finance Simeon Djankov.
Resigned Bulgaria Cabinet Issues Bond Worth EUR 25 M
The Bulgarian Ministry of Finance has issued BGN 50 M worth of 10.5-year sovereign bonds Monday.
3 'Infamous' Bulgarian Institutions with Huge Bonuses Budget
Three "notorious" Bulgarian institutions have the highest budgets for employees' bonuses or the so-called budgets for additional material incentives.
EU Commissioner: Bulgaria's Fiscal Discipline Was Overkill
Bulgaria's Schengen membership is not a top priority and it might be better to not rush to it in the upcoming couple of years, according to Bulgarian EU Commissioner Kristalina Georgieva.
Bulgaria Audits Outgoing Govt's Administration
Bulgaria's National Audit Office, NAO, is launching an audit of the administrations of the government of outgoing Prime Minister, Boyko Borisov, of the Supreme Judicial Council, VSS, of the Prosecutor's Office and of the Parliament.
Bulgaria's GDP Grows by 0.5% in 2012 Q4 Y/Y
In the fourth quarter of 2012 Bulgaria's GDP at current prices amounts to BGN 21.085 B (EUR 10.78 B) and EUR 1 478 per person, according to Bulgaria's National Statistical Institute.
Bulgaria's Economy Sees Minimal Growth in 2012
Bulgaria's economy grew by 0.8% in 2012, according to data released by the country's National Statistical Institute on Wednesday.
Fitch Rates Bulgarian Energy Holding BB+, Stable Outlook
Fitch Ratings has assigned Bulgarian Energy Holding EAD (BEH), Bulgaria's largest electric and gas utility company, a long-term foreign currency issuer default rating (IDR) of 'BB+' and long-term local currency IDR of 'BB+' with stable outlooks.
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