Business » Finance

Commissioner Georgieva: Bulgaria Stable on Euro Track

Even though the bar for accession to the Eurozone will probably be raised, Bulgaria has fair chances to join, Bulgarian EU Commissioner Georgieva believes.

Business » Finance | May 9, 2010, Sunday // 14:43 | Viewed: 2019

Finance Minister to Ride Bike to Save Bulgaria from VAT Hike

Bulgaria's Finance Minister Simeon Djankov declared his readiness to ride a bicycle to work as part of the government's newly adopted austerity measures.

Business » Finance | May 6, 2010, Thursday // 11:23 | Viewed: 4190

EBRD President: Bulgaria Potentially at Risk from Greece Crisis

The President of the EBRD, Thomas Mirow, has said that he is aware of the potential risk to Bulgaria from the Greek debt crisis.

Business » Finance | May 5, 2010, Wednesday // 20:48 | Viewed: 2963

Bulgaria Govt Reforms Budget Instead of Hiking VAT

Bulgaria PM Boyko Borisov has confirmed that his center-right GERB government will not increase Value Added Tax (VAT) from the current 20%.

Business » Finance | May 5, 2010, Wednesday // 13:38 | Viewed: 2724

Bulgaria Decides on VAT Hike after Series of U-Turns

Bulgaria's government is expected to decide on Wednesday whether to temporarily raise Bulgaria's 20% flat-rate value added tax (VAT) by up to 4% in a bid to plug a budget gap that has thwarted the new EU member's efforts to join the euro in the near futur

Business » Finance | May 5, 2010, Wednesday // 07:56 | Viewed: 1751

IMF Propose Tax Hike to Romania - Report

The International Monetary Fund (IMF) had proposed an increase of VAT and the flat tax to Bulgaria's northern neighbor, Romania.

Business » Finance | May 4, 2010, Tuesday // 19:14 | Viewed: 2599

Fitch, Moody's Say to Maintain AAA Rating For Spain

Fitch Ratings and Moody's Investors Service Inc. Tuesday tried to dispel market rumors of an upcoming downgrade for Spain saying they both maintain their AAA ratings and stable outlooks for the country's sovereign debt.

Business » Finance | May 4, 2010, Tuesday // 15:00 | Viewed: 1821

Bulgaria Snubs Crown Agents Consultancy

Bulgaria will suspend its contract with Crown Agents, the British company consulting the country's Customs Agency, after it expires at the end of May, the finance ministry officially announced.

Business » Finance | May 4, 2010, Tuesday // 14:39 | Viewed: 2972

IMF Advises Bulgaria to Keep Eye on Banking System Liquidity

The Board of Directors of the International Monetary Fund has approved the annual monitoring report for Bulgaria.

Business » Finance | May 4, 2010, Tuesday // 12:58 | Viewed: 2381

Bulgaria Ends April with BGN 213 M Budget Surplus

Bulgaria, which runs one of Europe's tightest fiscal polices, has ended April 2010 with a preliminary budget surplus of BGN 213 M, the finance ministry said on Tuesday.

Business » Finance | May 4, 2010, Tuesday // 12:48 | Viewed: 1907

Moody's Downgrades Piraeus Bank Bulgaria

Rating agency Moody's Investors Service has downgraded the bank financial strength rating (BFSR) of Piraeus Bank Bulgaria to E+ from D-.

Business » Finance | May 4, 2010, Tuesday // 08:08 | Viewed: 2679

Bulgaria's Finance Minister Vows to Resign if VAT Hike Materializes

Bulgaria's Finance Minister, Simeon Djankov, offered Monday firm guarantees that taxes will not be raised by the end of the year.

Business » Finance | May 3, 2010, Monday // 17:46 | Viewed: 2240

OTP Bank Says Recovery in Bulgaria Slower

Hungary's OTP Bank, which acquired in 2003 Bulgaria's second largest bank, state-owned DSK, said recovery in Bulgaria will be slower and top priority will be assigned to improvement of the services quality.

Business » Finance | May 3, 2010, Monday // 15:48 | Viewed: 3701

Bulgaria Economy to Contract by 3% in Q1 - Think-Tank

Bulgaria's gross domestic product (GDP) will shrink by 3% on an annual basis during the first three months of the year, analysts from a local think-tank have forecast.

Business » Finance | May 3, 2010, Monday // 14:35 | Viewed: 1929

Bulgaria's Budget Deficit Swells to BGN 1.67 B in Q1

Bulgaria's budget deficit increased to BGN 1.67 B in the first three months of 2010 due to a fall in revenues and a rise in spending for social payments, the finance ministry said on Monday.

Business » Finance | May 3, 2010, Monday // 13:14 | Viewed: 2144

Bulgaria PM Assuages VAT Hike Fears

The cabinet is going to apply all possible effort to avoid the increase of the Value Added Tax (VAT), Bulgaria's Prime Minister, Boyko Borisov, declared over the weekend.

Business » Finance | May 2, 2010, Sunday // 12:21 | Viewed: 1928

Finance Minister: Bulgaria, Macedonia Must Boost Exchange

Bulgaria and Macedonia have to focus on intensifying exchange of expertise and information with respect to finances and economic growth measures, Finance Minister Djankov said in Ohrid.

Business » Finance | April 30, 2010, Friday // 20:26 | Viewed: 2271

'Euro Father' Mundell: Greek Issues Won't Hurt Bulgaria's Bid for Eurozone

The financial problems in Greece will not interfere with Bulgaria's accession to the Eurozone, according to "the father of the euro", Professor Robert Mundell.

Business » Finance | April 30, 2010, Friday // 18:58 | Viewed: 4497

Bulgarian Customs See Boost in VAT Revenues

Bulgaria's Customs Agency has managed to raise 25% more revenues from value-added tax on import in April 2010 year-on-year.

Business » Finance | April 30, 2010, Friday // 14:41 | Viewed: 2157

Bulgaria's Economy Minister: Upping VAT Bad Idea

Bulgaria's Economy Minister Traicho Traikov has expressed misgivings about the idea of the Borisov government to increase the value-added tax.

Business » Finance | April 29, 2010, Thursday // 19:52 | Viewed: 2466

Profit of Bulgarian Banks Down by 37% in 2010 Q1

The profit generated by the Bulgarian banking system in the first quarter of 2010 amounts to BGN 170 M, which is a 37.

Business » Finance | April 29, 2010, Thursday // 18:47 | Viewed: 4570
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