Business » Finance

Bulgarian President Presents Bank of the Year 2009 Award

Bulgarian President Georgi Parvanov presented the Bank of the Year 2009 award to Levon Hampartzumyan, CEO of UniCredit Bulbank.

Business » Finance | July 6, 2010, Tuesday // 14:18 | Viewed: 3111

Bulgaria Enters World's Default Status Ranking Top 10

Bulgaria has become the tenth-most risky sovereign borrower in the world with the probability of default standing at 22.8%, according to a study, compiled by data provider CMA.

Business » Finance | July 6, 2010, Tuesday // 08:48 | Viewed: 3031

UniCredit Bulbank Wins Bulgarian Bank of the Year 2009 Award

UniCredit Bulbank is going to be dubbed Bank of the Year 2009, gettning the most prestigious award for banking and finance in Bulgaria.

Business » Finance | July 5, 2010, Monday // 15:03 | Viewed: 4130

Bulgarian Tax Authorities Discover BGN 1.3 M Undeclared

Bulgaria's National Revenue Agency announced Sunday that it discovered that a concert promoter in Bulgaria failed to declare BGN 1.3 M of payments to foreign performers, which resulted in BGN 130,000 lost for the state budget.

Business » Finance | July 4, 2010, Sunday // 19:26 | Viewed: 1825

IMF Grants Romania Delayed Loan as Austerity Measures Kick In

The International Monetary Fund has agreed to grant to Romania the delayed fifth tranche of the bailout package for Bulgaria's northern neighbor.

Business » Finance | July 3, 2010, Saturday // 11:50 | Viewed: 2499

Bulgaria's Finance Minister: No Ax for Flat Tax by 2011

Bulgaria's finance minister has denied reports that a removal of the flat tax rate may be looming after the government scrapped its plans for a VAT increase in a bid to plug a budget gap that has thwarted the new EU member's euro efforts.

Business » Finance | July 2, 2010, Friday // 13:30 | Viewed: 2333

Hanke Praises Bulgaria for Saying No to VAT Hike

Steve Hanke, a renowned economist, known best in Bulgaria as the architect of its currency board system, has said the country took the right decision by refusing to increase its VAT.

Business » Finance | July 2, 2010, Friday // 08:07 | Viewed: 3190

Bulgaria's May Budget Deficit Smaller Than Expected

After having a positive monthly budget balance in April, in May 2010 Bulgaria is back to registering a monthly deficit, announced the Finance Ministry.

Business » Finance | July 1, 2010, Thursday // 20:31 | Viewed: 3384

Bulgarian Tax Agency Grumbles Over Cheating Traders

About 60-70% of the retailers and 80% of the small shops in Bulgaria have been hiding some or all of their turnover, the National Revenue Agency (NAP) has announced.

Business » Finance | July 1, 2010, Thursday // 17:00 | Viewed: 1769

Bulgaria's Neighbors Romania, Greece Up Value-Added Tax

Bulgaria's EU neighbors Romania and Greece are formally increasing their VATs as of July 1, 2010, as part internationally-sanctioned measures to stabilize their state finances.

Business » Finance | July 1, 2010, Thursday // 14:33 | Viewed: 2456

Bulgaria with Steepest Income, Corporate Tax Reductions in EU

Bulgaria's income and corporate tax rates have seen the greatest decreases in the EU in the period 2000-2010, according to Eurostat data released Monday.

Business » Finance | June 28, 2010, Monday // 15:54 | Viewed: 2983

Bulgarian FinMin Assuages Fears over Tax Hikes

Bulgaria's finance minister has denied reports that a hike in the personal tax rate may be looming after the government scrapped its plans for a VAT increase in a bid to plug a budget gap that has thwarted the new EU member's euro efforts.

Business » Finance | June 28, 2010, Monday // 12:11 | Viewed: 2251

Fiscal Discipline Wins Bulgaria Praise by World Bank President

The World Bank is impressed with the fiscal discipline of the Bulgarian government, writes World Bank President Robert Zoellick in a letter to Prime Minister Boyko Borisov.

Business » Finance | June 23, 2010, Wednesday // 20:32 | Viewed: 2657

Bulgaria Introduces 2% Tax on Insurance Premiums

Bulgaria's government has adopted a bill, which provides for the introduction of 2% tax on insurance premiums.

Business » Finance | June 23, 2010, Wednesday // 17:25 | Viewed: 2365

Bulgaria Foreign Debt Falls 1.1% in April m/m

Bulgaria's gross foreign debt fell by EUR 409.4 M (1.1%) on a monthly basis to EUR 36, 842 B at the end of April as bank lending slowed down, the central bank said on Monday.

Business » Finance | June 23, 2010, Wednesday // 15:03 | Viewed: 1572

Bulgaria with Record Level of Non-Performing Loans

Bulgaria’s non-performing and restructured loans have reached the record 14.62% of all loans, according to the Bulgarian National Bank.

Business » Finance | June 23, 2010, Wednesday // 14:43 | Viewed: 2892

Hypo to Shed off Assets in Bulgaria - Report

Austrian Hypo Alpe Adria plans to withdraw from half of its markets, including Bulgaria, according to media reports.

Business » Finance | June 23, 2010, Wednesday // 14:19 | Viewed: 2886

Fitch Downgrades BNP Paribas

Fitch Ratings downgraded by a notch BNP Paribas, which has been present in Bulgaria since 1994, citing "structural issues" linked to the French banking giant's business mix.

Business » Finance | June 22, 2010, Tuesday // 15:19 | Viewed: 2042

Bulgaria Avoids 'Special' Eurostat Mission over EC Budget Worries

Finance Minister Simeon Djankov has presented to EU Economic Affairs Commissioner Olli Rehn latest data about the revision of Bulgaria's 2010 state budget as the EC is mulling setting the country under an excessive deficit procedure.

Business » Finance | June 21, 2010, Monday // 16:02 | Viewed: 2604

Bulgarian Right Wing Reiterate Warning of Budget 'No' Vote

Bulgaria's right-wing Blue Coalition reiterated Monday warnings they will not back the cabinet's updated 2010 budget on second reading unless their demands are met.

Business » Finance | June 21, 2010, Monday // 14:48 | Viewed: 1912

Romanian Media: IMF Give Thumbs up to Bulgaria

Romanian media write Monday that Head of the IMF mission to Bulgaria and Romania, Bas Bakker had praised Bulgaria's success in fighting the economic crisis.

Business » Finance | June 21, 2010, Monday // 13:44 | Viewed: 2797
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