Business

Moody’s Downgrades DSK and Raiffeisen Banks

The rating agency Moody’s has decreased the deposit rating of Bulgarian DSK Bank to Ba2/Not-Prime as well as the deposit rating of Raiffeisen Bank to Ba3/Not-Prime.

Business » Finance | July 4, 2015, Saturday // 15:45 | Viewed: 1374

Bulgarian Village Lozen Suffers Unannounced Electricity Disruptions

The citizens of the Bulgarian village Lozen, located in the vicinity of the capital Sofia have alarmed local media and authorities on account of unannounced electricity disruptions.

Business » Energy | July 4, 2015, Saturday // 12:05 | Viewed: 1076

Sofia’s Airport Takes Measures to Battle Illegal Taxis

A new innovative approach will be implemented at Sofia International Airport in order to fight illegal taxi services.

Business | July 3, 2015, Friday // 16:55 | Viewed: 1890

ECB 'to Extend Backstop to Bulgaria' over Greece Crisis

The European Central bank is to extend a backstop facility to Bulgaria and could provide assistance to other countries in Southeast Europe in view of possible crisis contagion from Greece, Bloomberg reports.

Business » Finance | July 3, 2015, Friday // 14:54 | Viewed: 2177

NATO Secretary General Inaugurates Force Integration Unit in Romania

Secretary General Jens Stoltenberg inaugurated a NATO Forces Integration Unit (NFIU) in Bucharest as part of his visit to Romania on Thursday.

Business | July 3, 2015, Friday // 12:07 | Viewed: 1472

Turnover of Bulgarian Stock Exchange Down 68% Y/Y in H1, 2015

The Bulgarian Stock Exchange-Sofia (BSE-Sofia) has reported a 68% decrease in turnover to BGN 250,6 M on the year in the first half of 2015.

Business | July 3, 2015, Friday // 11:09 | Viewed: 1353

Bulgaria Moves to Criminalize Unauthorized Coal Mining

Bulgaria’s Energy Ministry has detected systematic unauthorized extraction of coal at the Bobov Dol basin.

Business » Energy | July 3, 2015, Friday // 08:14 | Viewed: 1414

Bulgarian Development Bank to Get EUR 150 M for Energy Retrofitting of Homes

The Bulgarian Development Bank (BDB) will receive EUR 150 M from the Council of Europe Development Bank for energy-related renovation of residential buildings.

Business » Finance | July 3, 2015, Friday // 07:36 | Viewed: 1495

Ernst & Young Foresees Modest Growth of Bulgarian Economy in 2015-2016

In its latest report, which was presented on Thursday, Ernst & Young foresees a modest growth of the Bulgarian economy for this and next year.

Business | July 2, 2015, Thursday // 16:09 | Viewed: 1879

Bulgarian Watchdog Orders Market Withdrawal of 10 000 Liters of Diesel Fuel

10 000 liters of diesel fuel have been withdrawn from the market following inspections by a regional unit of Bulgaria’s State Agency for Metrological and Technical Surveillance at filling stations on the territory of the Silistra municipality.

Business » Energy | July 2, 2015, Thursday // 14:56 | Viewed: 1613

Bulgaria's Q1 GDP Grows 2% Y/Y

According to preliminary estimates, the Gross Domestic Product (GDP) of Bulgaria in the first quarter of 2015 exceeded BGN 17 B, amounting to BGN 2395 per capita.

Business | July 2, 2015, Thursday // 14:39 | Viewed: 1857

Deposits in Bulgarian Banks Increased to Record Level in Past Year

The savings of citizens and non-profit organisations in Bulgarian banks increased by more than BGN 1.5 B in the past year.

Business » Finance | July 2, 2015, Thursday // 10:49 | Viewed: 1504

WSJ: International Investors in Bulgaria’s KTB Demand Their Money Back

A group of international investors have filed a claim to recover some of the USD 172 M it says it is owed by Bulgaria’s collapsed Corporate Commercial Bank, or KTB, The Wall Street Journal reported on Wednesday.

Business » Finance | July 1, 2015, Wednesday // 20:58 | Viewed: 1960

Bulgaria’s Government Debt Falls Slightly in May

Bulgaria’s government debt decreased to EUR 12.

Business » Finance | July 1, 2015, Wednesday // 17:01 | Viewed: 1621

Bulgarian Government to Establish Energy Security Council

The Bulgarian government will establish an energy security council, which will coordinate the national policy in the energy sector and define the Bulgarian priorities within the framework of the European Energy Union.

Business » Energy | July 1, 2015, Wednesday // 13:54 | Viewed: 1711

Bulgaria’s Govt to Create Council Tasked with Eurozone Accession Preparations

Bulgaria’s government is to consider a proposal for the creation of a special council tasked with preparing Bulgaria for eurozone accession at a regular meeting on July 1.

Business » Finance | July 1, 2015, Wednesday // 11:32 | Viewed: 1817

Bulgaria Boasts BGN 850 M Budget Surplus in H1 2015

Bulgaria will close the first half of 2015 with a budget surplus of around BGN 850 M, according to preliminary data of the Finance Ministry.

Business » Finance | July 1, 2015, Wednesday // 10:25 | Viewed: 1765

Bulgaria’s R&D Spending Up but Still Way Below EU Average

In 2014 Bulgaria’s spending on research and development stood at BGN 206.6 M, up by 3.1% from 2013, according to the National Statistical Institute (NSI).

Business | June 30, 2015, Tuesday // 14:34 | Viewed: 1916

Bulgarian Energy Commission Postpones Price Increase Decision

The Еnergy and Water Regulatory Commission held a closed sitting Monday and took the decision of extending the term at which electricity prices would remain intact.

Business » Energy | June 30, 2015, Tuesday // 11:49 | Viewed: 1658

3 Bulgarian Transport Infrastructure Projects to Get Funding under Connecting Europe Facility

Three Bulgarian projects aimed at improving transport infrastructure have so far been granted funding by the European Commission under the new the Connecting Europe Facility (CEF).

Business | June 30, 2015, Tuesday // 10:03 | Viewed: 1931

Bulgaria Advises Travellers to Carry Enough Cash During Greece's Bank Holiday

Bulgarian nationals visiting neighbouring Greece this week will have to carry enough cash to pay for goods and services after Greek Prime Minister Alexis Tsipras announced a bank holiday and the introduction of capital controls.

Business » Finance | June 29, 2015, Monday // 18:31 | Viewed: 1900