Sofia City Court Halts Insolvency Proceedings at KTB
The Sofia City Court has stopped insolvency proceedings launched at Corporate Commercial Bank (KTB).
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Business » Finance
Reuters: Euro Zone Ready to Let Bulgaria and Croatia Into the ERM-2 Mechanism
BRUSSELS, July 9 - Euro zone officials are ready to let Croatia and Bulgaria into the ERM-2 mechanism, a preliminary stage for adopting the euro as their currency in the next three years, four sources told Reuters.
IMF Managing Director Kristalina Georgieva: Emergency Financing to 72 of the World’s Poorest Countries
The International Monetary Fund has provided emergency financing to 72 of the world’s poorest countries to help them deal with the coronavirus pandemic, but must further improve its lending instruments for low-income countries, IMF Managing Director Krist
Eurozone Agrees EUR 750 Million of Debt Relief Measures for Greece
The eurozone agreed on Tuesday new debt relief measures for Greece worth about 750 million euros ($840 million) as part of the country’s post-bailout program.
Important Moments and Insights From the Bitcoin History
Today Bitcoin has achieved a status as one of the largest cryptocurrency by market capitalization and has also prompted the rise of many other cryptocurrencies since its inception.
Summer 2020 Economic Forecast: Deeper Recession With Wider Divergences
The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels.
EC and EIB Provide CureVac With a €75 Million Financing for Vaccine Development
European Investment Bank and CureVac sign €75 million loan agreement for the development and large-scale production of vaccines, including CureVac's vaccine candidate against SARS-CoV-2
Bulgaria's Deputy PM Tomislav Donchev and BICA Discuss How to Effective Invest EU Funds in the Bulgarian Economy
In a discussion with the members of the National Council of the Association of Industrial Capital in Bulgaria (BICA) today, the Deputy Prime Minister of Bulgaria Tomislav Donchev stressed the need to urgently determine the priority areas and mechanisms to
Bulgarian Fibank Increases Its Capital
Fibank (First Investment Bank) successfully increased its capital.
NSSI Bulgaria: More than 2 Million Retirees with Increased Amount of Pensions
The State Social Insurance Budget Act (SSSI) for 2020 approved pension expenditures of over BGN 10.
IMF's Kristalina Georgieva: Virus Crisis Could Ultimately Test $1 Trillion War Chest
International Monetary Fund Managing Director Kristalina Georgieva said on Friday that the global economic crisis spurred by the coronavirus could ultimately test the Fund’s $1 trillion in total resources, “but we’re not there yet.
Why Bulgarians Take Quick Loans?
There are many reasons why the quick loans in Bulgaria became so popular in the last decade.
Bulgaria: VAT for Restaurants, Books and Baby Goods Becomes 9% from July 1
From 1 July, the reduced rate of value added tax of 9% will apply to books, restaurants and catering services, baby food and diapers.
Eurostat: Bulgaria With The Lowest Prices in EU
The gap in the prices of consumer goods and services in the individual countries members of the EU in 2019 was considerable, with Denmark having the highest price level, and Bulgaria – the lowest, Eurostat data show.
NSI: The Average Social Security Income in Bulgaria for April 2020 is BGN 1057,09
The National Social Security Institute announces that the amount of the average social security income for the country for April 2020 is BGN 1,057.
Bulgaria: The Inflation Rate is -0,6%
The inflation rate since the beginning of the year (May 2020 compared to December 2019) is -0.
Bulgarian State Acquires 26% of Fibank Due to ERM-2
The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank.
First Online IIB Board of Directors Meeting Takes Place
On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place.
Bulgarian Government Increases the Capital of the Fund of Funds
At today's regular meeting, the government approved changes to the budget of the Ministry of Finance for 2020 to increase the capital of the Fund of Funds with a cash contribution of BGN 375,000.
World Bank: Bulgarian Economy to Decline 6.2% for 2020 and Growth of 4.3% in 2021
The coronavirus crisis will shrink the global gross domestic product by 5.
The Future of Bitcoin in Bulgaria
According to recent statistics, Bulgaria is the second country with the highest number of bitcoins in the entire world.
Denitsa Sacheva: 60/40 Wage Support Scheme will be Amended
The 60/40 wage support scheme used by the state to pay 60% of the social security contributions and 60% of the salaries will be amended and will continue from July 1 until September 30, Bulgaria’s Minister of Labor and Social Policy Denitsa Sacheva said.
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New Zealand: No Active COVID-19 Cases
Emergency Epidemic Situation in Bulgaria will be Prolonged
