Business » Finance

Sofia City Court Halts Insolvency Proceedings at KTB

The Sofia City Court has stopped insolvency proceedings launched at Corporate Commercial Bank (KTB).

Business » Finance | November 24, 2014, Monday // 11:39 | Viewed: 1366

Minister: Bulgaria's Budget Surplus Exceeds BGN 1 B at End of April

Bulgarian Finance Minister Vladislav Goranov announced that the budget surplus stood at BGN 1.066 B at the end of April, while the figures for May were even more positive.

Business » Finance | May 26, 2015, Tuesday // 17:58 | Viewed: 1515

Bulgaria’s Tripartite Cooperation Council to Discuss Minimum Wage

Bulgaria’s Deputy Prime Minister and Social Policy Minister Ivaylo Kalfin is convening a meeting of the National Council for Tripartite Cooperation (NCTC) on May 26 on the minimum wage level in 2015.

Business » Finance | May 26, 2015, Tuesday // 07:46 | Viewed: 1542

Bulgaria Reopens 3-Y T-Note Issue at 0.68% Yield

Bulgaria’s Finance Ministry has reopened the issue of three-year Treasury notes with par value of BGN 50 M (EUR 25 M) maturing on 28 January July 2018.

Business » Finance | May 25, 2015, Monday // 20:48 | Viewed: 1353

Average Wage in Bulgaria Increased 4-fold in 2000-2015

The average wage in Bulgaria increased four times from BGN 225 to BGN 800 over the past 15 years.

Business » Finance | May 22, 2015, Friday // 20:34 | Viewed: 1985

Bulgaria Wins “Most Impressive Borrower in CEE” Award    

Bulgaria has won the top spot in the Most Impressive Borrower in Central & Eastern Europe category of GlobalCapital Bond Awards 2015, the Finance Ministry in Sofia announced on Thursday.

Business » Finance | May 21, 2015, Thursday // 16:44 | Viewed: 1571

Over 1 Million Bulgarians Have Monthly Income of up to BGN 340

A total of 1 019 939 Bulgarian citizens have an average monthly income of up to BGN 340, according to data of the National Revenue Agency (NRA) for 2014.

Business » Finance | May 21, 2015, Thursday // 11:20 | Viewed: 1682

Bulgaria, World Bank Discuss Sustainable Growth Policies

Bulgaria and the World Bank on Wednesday discussed what the Bank could do to supporty the country’s efforts to achieve sustainable growth and bring the living standards of its population to EU levels over the next five years.

Business » Finance | May 20, 2015, Wednesday // 17:06 | Viewed: 1398

Bulgaria’s Finance Ministry Boasts Successful Placement of 5-Year BGN-Denominated Govt Securities

Bulgaria’s Finance Ministry reopened Monday the 5-year issue of Government Securities (GS) issued on February 4, 2015 maturing on February 4, 2020.

Business » Finance | May 19, 2015, Tuesday // 08:33 | Viewed: 1225

Bulgaria Can Offer Favorable Investment Conditions to Qatar – Minister Goranov

Qatar is ready to invest in financial instruments issued by the Bulgarian Development Bank and the Bulgarian Deposit Insurance Fund (BDIF), thereby supporting the financing of the national program for the renovation of multi-family buildings and capitaliz

Business » Finance | May 18, 2015, Monday // 12:52 | Viewed: 1445

Bulgaria’s Income Convergence with EU Partners to Remain Slow, IMF Says

Bulgaria’s economic growth is expected to moderate further this year and remain below levels needed to accelerate income convergence with EU partners, the International Monetary Fund (IMF) said on Thursday.

Business » Finance | May 13, 2015, Wednesday // 19:49 | Viewed: 1497

Bloomberg: Low Public Debt, Plans to Cut Budget Gap Help Bulgarian Bonds

With its public-debt levels among the lowest in the EU and government pledges to cut the budget deficit “Bulgaria has been partly shielded” from the sharp drop in stock and bond prices on global markets this week, Bloomberg reported on Wednesday.

Business » Finance | May 13, 2015, Wednesday // 16:30 | Viewed: 1297

Monthly Inflation in Bulgaria Stood at 0.7 % in April

According to the latest figures of the National Statistical Institute (NSI), which were released on Wednesday, the monthly inflation in Bulgaria stood at 0.7 % in April.

Business » Finance | May 13, 2015, Wednesday // 15:02 | Viewed: 1133

Bulgaria EconMin Disputes Impact of Eurozone Entry

Bulgaria's Economy Minister has voiced his disagreement with the idea that joining the Eurozone will be a "catastrophe" for the country.

Business » Finance | May 13, 2015, Wednesday // 08:16 | Viewed: 1568

KTB Owner Refers to EU Institutions over 'Violations'

Bromak EOOD, the majority owner of insolvent Corporate Commercial Bank (KTB), is lodging a complaint with what it calls "another gross violation of national and EU law", the company says in a statement.

Business » Finance | May 12, 2015, Tuesday // 15:14 | Viewed: 1291

Greece Needs Currency Board to Instill Fiscal Discipline, Prof. Hanke Says  

Europe will be much better off without Greece and the best thing for the country is to introduce a currency board system, a leading economics professor said on Monday.

Business » Finance | May 11, 2015, Monday // 17:38 | Viewed: 1817

Bulgaria Expects 1.2%/GDP Budget Surplus as of End-April

Bulgaria’s consolidated budget balance is expected to show a surplus of some BGN 1 B at the end of April, equivalent to 1.2% of the projected 2015 GDP, the Finance Ministry has said.

Business » Finance | May 4, 2015, Monday // 16:52 | Viewed: 1357

Bulgarians Made More Card Payments Abroad around Easter

The card payments of Bulgarians abroad around the Orthodox Easter, which was celebrated between April 9 and 13, recorded a 21 % increase compared to the same holiday period last year.

Business » Finance | May 4, 2015, Monday // 11:54 | Viewed: 1237

Bulgaria Swings to Budget Surplus of 0.3% of GDP at End-March

Bulgaria’s consolidated budget showed a surplus of BGN 257.1 M at the end of March, equivalent to 0.3 % of the GDP projected for 2015, the Finance Ministry said on Thursday.

Business » Finance | April 30, 2015, Thursday // 21:09 | Viewed: 1284

Bulgaria ex-FinMin Djankov Quitting VTB Supervision

Simeon Djankov, who last year joined Russian VTB bank's Supervisory Council, is now stepping down, Russian media reports suggest.

Business » Finance | April 30, 2015, Thursday // 12:27 | Viewed: 1400

KTB Owner, Executives Appeal Bank's Insolvency

Bromak EOOD, the majority owner of collapsed Corporate Commercial Bank (KTB or Corpbank) and its executive officers are appealing last week's court ruling which declared the bank insolvent.

Business » Finance | April 29, 2015, Wednesday // 12:08 | Viewed: 1836

Bulgaria's Gross External Debt Exceeded EUR 38.6 B at End of February

Bulgaria's gross external debt exceeded EUR 38.6 B at the end of February, representing 90.6 % of the country's GDP.

Business » Finance | April 28, 2015, Tuesday // 17:42 | Viewed: 1695