Sofia City Court Halts Insolvency Proceedings at KTB

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

World Bank: The Poor Countries Will Take the Hardest Hit

The poor countries "will take the hardest hit, especially ones that were already heavily indebted before the crisis," said David Malpass, World Bank chief.

IMF Managing Director Kristalina Georgieva: The Recession will be at Least as Bad as in 2008

International Monetary Fund Managing Director Kristalina Georgieva said on Monday that the IMF expects the global economic recession in 2020 to be "at least as bad as during the 2008-2009 global financial crisis or worse" .

IIB Successfully Registers its First ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

The Medium Term Notes (MTN) Programme provides a maximum debt of up to EUR 1.

Bulgaria, Cryptocurrency and the Law

If you’re not familiar with Bitcoin (btc) and other cryptocurrencies or familiar with Bulgaria, you may be surprised that cybercurrency mining is popular in the country.

NSI: In 2019, Bulgaria's Exports to EU Increase by 2.9% YoY

In 2019, Bulgarian exports to the EU grew by 2.

The Unions have Convinced the Cabinet to Increase the Salaries of 11,000 People in Nurseries and Gardens

The cabinet and the unions have agreed to adjust the supplementary standard for school and child health care so that healthcare professionals can receive higher salaries.

NSI: There is a Slight Revision of GDP

In the fourth quarter of 2019 GDP1 at current prices amounted to 32 682 million BGN.

4 Simple Ways to Learn the Art of Trading

Everyone thinks the Forex market is the best place to secure financial freedom in life.

Bulgarians Suffer Losses from Their Bank Deposits

The total losses of Bulgarians, who have savings accounts in banks, from inflation alone equal over EUR 1 billion a year.

Bulgarians Convert Hundreds of Millions of Leva into Euro

Amidst rumours of a change in the exchange rate of the Bulgarian Lev to the Euro, the public have reacted by converting Leva into Euro on a massive scale.

Forex Trading Basics- Setting up a Demo Account

Fitch Ratings Agency Re-Affirmed Bulgaria's Credit Rating

Fitch Ratings re-affirmed Bulgaria's sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’, with a positive outlook.

Bulgaria to Join the ERM II Currency Mechanism Later than the Announced Deadline

Bulgaria is likely to join the ERM II currency mechanism a few months later than the announced deadline of the end of April.

Eurostat: Euro Area Annual Inflation up to 1.4%

Euro area annual inflation is expected to be 1.

NSI: Total Average Income per Household Member in Q4 2019 was BGN 1,770

The total income average per household member during the fourth quarter of 2019 was BGN 1,770, a 13.

Minister Vladislav Goranov: The Bulgarian Currency is Undervalued

The Bulgarian lev is undervalued, Bulgaria's Finance Minister Vladislav Goranov said, referring to econometric models for evaluating the exchange rates used by the IMF.

The IMF will Present the Results of its Regular Mission to Bulgaria

The International Monetary Fund will present the results of its regular mission to Bulgaria.

CFD versus Stock Trading: Here are the Pros and Cons

Investing in the financial markets is as exciting as it is risky.

NSSI: Average Insurable Earnings in Bulgaria for December 2019 was BGN 1,063.32

The National Social Security Institute (NSSI) has reported that the average insurable earnings in Bulgaria for December 2019 was BGN 1,063.

The Banking System BGN 3 Million Less Profit Compared to 2018

As of end-December 2019, the assets of the banking system were BGN 114.

Minister Goranov: BGN-EUR Exchange Rate Won't Change

After consultations with the political forces in parliament, Finance Minister Vladislav Goranov stated that until its entry into the Eurozone Bulgaria will not change the exchange rate of the Bulgarian Lev which is now pegged to the Euro at EUR 1 to BGN 1