Bulgaria's government plans to hand out additional funding from the revised budget for 2010, only provided that the sectors in question implement the required reforms, the finance minister said on Sunday.
Bulgaria's right-wing party the Union of Democratic Forces, widely considered to be an ally of the ruling GERB party, has harshly critisized the revised budget for this year, saying it undermines the country's financial stability.
Hungary has "a good track record" managing fiscal crises and will take the steps needed even after a government official said the country may be at risk of defaulting, according to Moody's Investors Service.
Even though Bulgaria registered a negative balance of foreign direct investments in the first quarter of 2010, an increasing number of foreign investors are arriving to the country.
Leading experts will take part in the 7th edition of Bulgaria's largest international finance exhibition and conference entitled "Banks Investment Money", which will take place in Sofia on June 7-9.
Finance Minister Simeon Djankov expects a monthly budget deficit in May of BGN 75-80 M, after in April Bulgaria had a surplus for the first time in months.
The current EU economic policy must respond quickly to the challenge of serious reforms to prevent the crash of the EUR, high inflation and permanent loss of trust in EU economies, experts from Industry Watch say.
Bulgaria will register an economic growth of 0.2% in 2010, forecasts the International Monetary Fund in its annual review of the Bulgarian economy.
Several Turkish banks have been attempting to 'encroach into the territory' of Greek banks in Bulgaria and Romania, according to the Greek paper Proto Thema.
The Romanian Daily "Adevarul" published Wednesday an interview with Bulgaria's Finance Minister, Simeon Djankov, titled "Bulgaria's Solution for the Crisis.
Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, ended his trip to northern Europe with a meeting with his Swedish counterpart, Anders Borg.
The 7th edition of Bulgaria's largest international finance exhibition and conference entitled "Banks Investment Money" is due to take place in Sofia on June 7-9, 2010.
The opposition Bulgarian Socialist Party and the right-wing Blue Coalition, which backs the GERB government, have expressed serious misgivings about the revision of the 2010 state budget.
A law drafted by the Bulgarian Finance Ministry provides for the introduction of 2% tax on insurance premiums.
Bulgarians begin earning money for themselves Tuesday after working for the State since January 1 until the end of May.
Bulgaria's budget deficit is growing with higher expenditures year on year despite Cabinet efforts to reduce substantially state spending.
Money sent by Bulgarian emigrants to relatives in the country has gone down significantly during the first quarter of 2010, data from the Bulgarian Central Bank, BNB, shows.
The heads of the Bulgarian National Bank have expressed their reserve with respect to the idea of the nationalist party Ataka to tie the interest rate on bank credits with the interest rate on bank deposits.
Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, is on an official trip to Talin, Estonia on Monday, the Finance Ministry informs.
European Central Bank President Jean- Claude Trichet said emerging nations have weathered the global recession better than advanced countries.
Bulgaria's nationalist party "Ataka" has come up with draft legislation proposing tying the interest rate on bank credits with the interest rate on bank deposits.
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