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: 1176

Bulgarian Parliament Implements KTB Committee

Bulgarian National Assembly has created a temporary commission to review the facts and circumstances around the actions of government institutions that had to impose control over the leak of funds in the Corporate Commercial Bank (KTB) in the period 2009-

Business » Finance | March 5, 2015, Thursday // 14:23 | Viewed: 791

IMF Mission Starts Visit to Bulgaria

A regular IMF Article IV mission starts a ten-day visit to Bulgaria on Wednesday to discuss key short-term and medium-term macroeconomic forecasts and assumptions, the Finance Ministry has said.

Business » Finance | March 4, 2015, Wednesday // 17:36 | Viewed: 1103

Reuters: Bulgaria to Open Eurobond Sales Roadshow on 16 March

Bulgaria plans to launch a roadshow for Eurobond sales later this month to raise funds for rolling over maturing debt and financing budget deficit, Reuters has reported.

Business » Finance | March 1, 2015, Sunday // 12:49 | Viewed: 1479

Bulgaria Coalition Member Demands FinMin's Resignation over New Debt

The Alternative for Bulgarian Revival (ABV) is demanding Finance Minister Vladislav Goranov's resignation, the party's deputy chair Rumen Petkov has said.

Business » Finance | February 28, 2015, Saturday // 16:25 | Viewed: 1314

Bulgaria’s Gross External Debt Exceeded EUR 39.5 B in end-December 2014

Bulgaria’s gross external debt amounted to EUR 39,558.

Business » Finance | February 27, 2015, Friday // 21:14 | Viewed: 1190

Bulgaria’s Banking System Posts January Profit of BGN 121 M

In the first month of 2015, no significant changes occurred in the balance sheet structure of credit institutions in Bulgaria, according to data of the Bulgarian National Bank (BNB).

Business » Finance | February 27, 2015, Friday // 20:48 | Viewed: 1070

Bulgarian Parliament Approves Issuing BGN 16 B Worth of New Debt

The Bulgarian Parliament approved on Wednesday the ratification of the contract for the issue of new debt of BGN 16 .

Business » Finance | February 25, 2015, Wednesday // 14:25 | Viewed: 1749

Bulgaria's Patriotic Front Opposes Ratification of New BGN 16 B Debt

The Patriotic Front (PF), one of the parties backing the coalition government, announced that it is not going to support the ratification of the contract for the issue of new BGN 16 B debt.

Business » Finance | February 25, 2015, Wednesday // 13:37 | Viewed: 880

Bulgaria Has Been Living on Borrowed Money since 2009 – Finance Minister

Bulgaria’s Finance Minister Vladislav Goranov has insisted that the new borrowing of up to BGN 16 B is inevitable.

Business » Finance | February 25, 2015, Wednesday // 13:22 | Viewed: 1056

Bulgaria Records Second Lowest Inflation Rate in EU

The latest figures of Eurostat, which were released on Tuesday, reveal that Bulgaria had the second lowest inflation rate in the EU in January – minus 2.3 %.

Business » Finance | February 24, 2015, Tuesday // 15:10 | Viewed: 1054

Bulgarian Businesses Operate at Increased Debt Levels

Bulgarian businesses have continued accumulating in unpaid debts over 2013, thus reaching BGN 171 B at the end of the year.

Business » Finance | February 24, 2015, Tuesday // 12:52 | Viewed: 876

Bulgaria Parliament Moves to Ensure Faster Repayment of Guaranteed Bank Deposits

Bulgaria’s Parliament on Thursday decided state-guaranteed deposits in banks to be repaid within seven workdays after a bank suspends payments.

Business » Finance | February 19, 2015, Thursday // 15:48 | Viewed: 991

Bulgaria's Parliament to Decide on New External Debt Proposal

Protests organized by the Bulgarian opposition are expected as lawmakers are beginning their session of a government proposal to take on fresh foreign borrowing worth BGN 16 M, or EUR 8 B.

Business » Finance | February 18, 2015, Wednesday // 10:09 | Viewed: 896

Bulgarian Households Had Higher Expenses at End of 2014

Bulgarian households had higher expenses at the end of 2014 compared to the same period in 2013, while their incomes remained the same.

Business » Finance | February 16, 2015, Monday // 12:33 | Viewed: 882

New Borrowing Is Inevitable without Govt Surplus – Chair of Parliamentary Budget Committee

Menda Stoyanova, Chair of the parliamentary budget committee, has suggested that there is no cause for concern over the medium-term bond program by 2017 worth BGN 16 B, stressing that it is a financing program using external debt.

Business » Finance | February 16, 2015, Monday // 12:27 | Viewed: 814

New BGN 16 B Debt 'to Give Bulgaria Stability in Next Three Years' - FinMin

Bulgaria's move to take on new external borrowings will provide for its financial stability in the next three years, Finance Minister Vladislav Goranov has said.

Business » Finance | February 15, 2015, Sunday // 16:03 | Viewed: 1579

Eurozone Demonstrates Overall GDP Growth

The еurozone area has shown a 0.3% GDP growth over the last quarter of 2014 as compared to the previous one.

Business » Finance | February 13, 2015, Friday // 17:42 | Viewed: 2106

Bulgarian MPs, President Will Receive Higher Wages

Calculations based on the latest data of the National Statistical Institute (NSI), which was released on Thursday, shows that Bulgarian MPs, ministers and president will all receive higher wages.

Business » Finance | February 13, 2015, Friday // 10:51 | Viewed: 1210

Bulgaria Registers Increase in Average Monthly Wage at End of 2014

The average monthly wage in Bulgaria in the last quarter of 2014 was BGN 847, which represents an increase of 4.7 % compared to the previous quarter.

Business » Finance | February 12, 2015, Thursday // 12:42 | Viewed: 1267

People Looking to Minimize Their Income-Tax Bill May Want to Pack Up and Move to Bulgaria, WSJ

Bulgaria has ranked second in an AIRINC report on world taxation policies, analyzed by the Wall Street Journal.

Business » Finance | February 12, 2015, Thursday // 11:24 | Viewed: 5219

Bulgaria’s Ruling Party, Opposition Clash over New Debt of EUR 8 B by 2017

Bulgaria’s ruling party GERB and opposition party the Bulgarian Socialist Party (BSP) have locked horns over a proposal for new borrowing of EUR 8 B by 2017.

Business » Finance | February 11, 2015, Wednesday // 15:16 | Viewed: 1057