Business » Finance

Bulgarian PM Talks Energy Projects with MPs

Bulgaria's Prime Minister, Boyko Borisov, appeared before the Parliament Friday to respond to questions from the opposition regarding the future of several controversial energy projects in the country.

Business » Finance | July 16, 2010, Friday // 14:13 | Viewed: 2181

Bulgaria's FinMin Gives Thumbs Down to Loan from IMF

Bulgaria's Finance Minister Simeon Djankov has announced that the country will not be taking a loan from IMF.

Business » Finance | July 16, 2010, Friday // 13:37 | Viewed: 2022

Bulgaria's FinMin Claims 2010 State Budget Very Successful

The 2010 Bulgarian state budget has been assessed as very successful by the Finance Minister Simeon Djankov during a Parliamentary discussion concerning the medium-term fiscal framework.

Business » Finance | July 16, 2010, Friday // 13:14 | Viewed: 1936

Bulgarian Right Wing Leader: PM Willing to Take IMF Loan

The leader of the Bulgarian right-wing Democrats for Strong Bulgaria (DSB) party, Ivan Kostov, had informed Prime Minister, Boyko Borisov, and Finance Minister, Simeon Djankov, about his idea for a loan from IMF.

Business » Finance | July 16, 2010, Friday // 12:29 | Viewed: 2087

Bulgarian MPs Ban Unilateral Bank Interest Rate Changes

Banks in Bulgaria are no longer allowed to single-handedly change their methodology for calculating interest rates after a loan contract has been concluded.

Business » Finance | July 15, 2010, Thursday // 18:51 | Viewed: 2868

Foreign Deposits Slump Blamed for Bulgarian Payment Account Deficit

The withdrawal of bank deposits from non-resident foreign companies and individuals is one of the main factors for the Bulgarian payment account balance deficit, the Bulgarian Central Bank (BNB) data shows.

Business » Finance | July 15, 2010, Thursday // 16:26 | Viewed: 2516

Bulgarian Stock Exchange Becomes Public Company

The General Shareholders Assembly of the Bulgarian Stock Exchange (BSE) will vote in September to turn it to a public company, the BSE Chair of the Board of Directors, Asen Yagodin, informs.

Business » Finance | July 15, 2010, Thursday // 15:17 | Viewed: 1770

Bulgaria Appoints New Members of Financial Supervision Commission

The Bulgarian Parliament has appointed the four new members of the country's Financial Supervision Commission (FSC).

Business » Finance | July 15, 2010, Thursday // 09:51 | Viewed: 2957

Bulgaria Moves to Introduce 2% Tax on Insurance Premiums

Bulgaria's parliamentary economic commission approved at first reading a bill, which provides for the introduction of 2% tax on insurance premiums.

Business » Finance | July 14, 2010, Wednesday // 16:39 | Viewed: 2125

EU Sets Bulgaria under Excessive Deficit Procedure

The EU Finance Ministers have decided to set Bulgaria under the excessive deficit procedure, a program to reduce its budget deficit below the 3% threshold required by the Stability and Growth Pact.

Business » Finance | July 13, 2010, Tuesday // 15:12 | Viewed: 3316

Vienna Institute Economist Sees No Rush on Euro

Bulgaria shouldn't rush to adopt Europe's common currency given the euro- region's turmoil and the limited benefits of the switch, says an economist from Vienna Institute for International Economic Studies.

Business » Finance | July 12, 2010, Monday // 15:13 | Viewed: 2355

Bulgaria June Inflation Eases to 1.4% y/y

Bulgarian consumer price inflation went down to 1.4% in June on an annual basis from 1.9% a month earlier, official data showed on Monday.

Business » Finance | July 12, 2010, Monday // 12:29 | Viewed: 1870

Bulgaria's Govt to Project 3% GDP Growth in 2011 Budget Act

Bulgaria's government does not provide for any tax hikes in the draft 2011 state budget bill, announced Finance Minister Simeon Djankov.

Business » Finance | July 11, 2010, Sunday // 16:34 | Viewed: 2066

Rightist Leader: Bulgarian Govt Will Cause Gruesome IMF Intervention

Bulgaria will face drastic fiscal demands if it resorts to seeking bailout aid from the International Monetary Fund as a result of the government's failure to cut state spending, says right-wing leader Martin Dimitrov.

Business » Finance | July 11, 2010, Sunday // 13:33 | Viewed: 1886

Bulgarian Govt Denies Reports of IMF Bailout Loan Talks

Bulgaria's Finance Ministry has issued a statement making it clear it was not involved in negotiations for a bailout loan with the International Monetary Fund.

Business » Finance | July 9, 2010, Friday // 07:53 | Viewed: 2164

Bulgaria Adopts Revised Budget after Insipid 12-Hour Debates

The Bulgarian Parliament has adopted at second reading the 2010 Revised State Budget Act providing after a 12-hour debate in which the ruling GERB party lost the backing of one of its major partners.

Business » Finance | July 8, 2010, Thursday // 21:39 | Viewed: 20540

IMF Raises Global Economic Growth Forecast

The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4% to 4.5%.

Business » Finance | July 8, 2010, Thursday // 12:01 | Viewed: 1953

Bulgaria Borisov: No Tax Hikes by 2012

Bulgaria's prime minister has denied reports that a hike in tax rates may be looming after the government scrapped its plans for a VAT increase this year, which was hoped to plug a budget gap that has thwarted the new EU member's euro efforts.

Business » Finance | July 8, 2010, Thursday // 09:46 | Viewed: 2028

Bulgaria Parliament Votes Conclusively Revised Budget 2010

Bulgaria's Parliament will vote at second reading the 2010 Budget Revision Act tabled in early June by the center-right government of the GERB party over rising deficit necessitating austerity measures.

Business » Finance | July 8, 2010, Thursday // 08:09 | Viewed: 1974

Bulgaria to Shrink 2011 Budget Deficit, Unable to Pay for Belene NPP

The Bulgarian government will shrink the budget deficit to below 3% from the GDP in 2011, the finance minister has announced.

Business » Finance | July 7, 2010, Wednesday // 15:54 | Viewed: 1987

World Bank: Bulgaria Fast at Starting Foreign Business, Slow at Leasing Public Land

In Bulgaria, it is faster to establish a foreign-owned limited liability company but the procedure for leasing public land is slower, in comparison to the global average, the World Bank has announced.

Business » Finance | July 7, 2010, Wednesday // 12:31 | Viewed: 2652
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