Bulgarian Economy Performs Better Than Expected in 2010 Q3
Bulgaria's economy registered slightly better results in the third quarter of 2010 that the initial data sets of the National Statistical Institute (NSI) indicated last month.
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Business » Finance
Bulgarian Parliament Donates Money to Charity Show
The Bulgarian parliament will donate to a charity TV show the sum of the collected value-added tax (VAT) on text messages that viewers had sent to support the good cause.
Bulgarian Banker Elected Deputy Head of European Public Banks Association
The European Association of Public Banks has elected as its Vice President the CEO of the Bulgarian Development Bank, Sasho Chakalski.
KBC Delists Bulgaria's CIBank after Upping Stake to 100%
Belgian bank KBC Group NV announced it will delist Bulgaria's CIBank from Sofia stock exchange after raining its stake in it to 100%.
Bulgarian Tax Agency Collects BGN 2 M from Jewelry
Almost BGN 2 M have been collected from the sale of 80 kg jewelry during the first auctions for gold, platinum and silver items in Sofia, Plovdiv and Burgas, the Bulgarian National Revenue Agency has announced.
Bulgaria PM Girlfriend Sells Her Last Share in CIBank to KBC
Belgian banking group KBC acquired full control over its subsidiary in Bulgaria EIBank after the prime minister's long-time live-in girlfriend Tsvetelina Borislavova sold her last 16% stake.
EBRD Provides EUR 150 M Credit Line to NBG Bulgarian Branch
The European Bank for Reconstruction and Development has provided a credit line of EUR 150 M to the United Bulgarian Bank, a subsidiary of the National Bank of Greece.
EBRD, UniCredit Bulbank Support Bulgaria's Chelopech Mine
The EBRD and UniCredit Bulbank announced they will support a modernisation programme and energy efficiency improvements at Bulgaria's Chelopech mine, the largest gold deposit in Europe that is still in production.
BNB Head: Bulgaria's Finances Stable despite Doomsayers' Slander Campaign since 2008
Not a single one of the dozens of doomsday scenarios forecast for Bulgaria's economy and state finances by foreign and Bulgarian observers has materialized, central bank head Ivan Iskrov has declared.
Bulgaria's Rulers Adopt 2011 Budget Deficit of Almost 3% of GDP
Bulgaria's Parliament has adopted at second reading the 2011 State Budget Act after 15 hours of debates that went late into the night.
Bulgarian Budget 2011 to Include Controversial EUR 1 B Bond Sale
Bulgarian finmin Simeon Djankov once again snubbed Parliament by uttering one single sentence during the second reading debate on the state budget for 2011, which has dragged 9 hours now.
Romanian Economy Shrinks by 2.5% in Q3 Y/Y
Romania's economy registered a decline in the third quarter of 2010, according to the Romanian statistics institute INS, cited by Mediafax.
Bulgarian Parliament Debates Budget 2011
Bulgaria aims to have a budget deficit of 2.5% of gross domestic product and a growth of 3.6% in 2011, according to the State Budget Act, which will be discussed on a second reading Thursday.
Major Turkish Bank to Enter Bulgarian Market
Turkiye Is Bankasi AS, the largest private bank in Turkey, intends to open a branch in Sofia through its subsidiary based in Germany, Isbank GmbH.
Fitch Confirms BBB- Rating of Bulgarian Development Bank
International credit rating agency Fitch has confirmed the long-term foreign-currency rating of the Bulgarian Development Bank at BBB-.
EC: Bulgaria Boosts Exports, GDP to Grow 2.6% in 2011
The main driving forces behind Bulgaria's economic turnaround in 2011 will include a continued strong export pick-up and replenishing of inventories, while domestic demand is expected to contract, according to the EC's spring economic forеcast.
Bulgarian Finance Minister Heads to Georgia
Bulgaria's Finance Minister Simeon Djankov is on a three-day visit to Georgia, the Financial Ministry announced.
EUR 85 B Bailout Negotiated for Ireland
The EUR 85 B-strong bailout speculated about has now been negotiated for Ireland, according to an anonymous diplomatic source.
Swiss Socialists Send off Tycoon to Bulgaria - Report
The youth organization of Swiss Social Democrats stated they bought a one-way ticket to tycoon Alfred Schindler, who complained on the imminent raise of tax burden in the country.
Socialists Slam Revenue, Budget 2011
The Bulgarian Socialist Party has alternative proposals for the state budget 2011 which claim that state income for the next year should be significantly higher.
Djankov for BBC: Bulgaria Has the Euro Negatives, Now We Want the Benefits Too
Along with attacking Europe's failing framework amids the euro crisis, Bulgaria's finance minister has made it clear the country will pursue with zeal entry into the currency union, so that it can reap its benefits as well.
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