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Business » Finance
Economist: Unfortunately Everything in Bulgaria will Continue to become more Expensive
“Unfortunately, everything in Bulgaria is becoming more expensive and will continue to become more expensive, as our domestic prices depend on both international ones and the war in Ukraine.” This was stated by Vanya Grigorova, Economic Adviser at the “Po
Bitcoin Rises on Capital Flight from Bonds
BTC rose 3.5% on Tuesday. At the peak of the day, the rate exceeded $43.2K, but by Wednesday morning it rolled back to $42K, demonstrating a 0.7% correction. Ethereum is losing 1% over 24 hours, while other leading altcoins from the top ten showed mixed d
Cashing a Check from the USA - What is the Procedure and How can it Happen in the Fastest Way
Many people face the problem - where and how to cash a check received in US dollars. In the United States, payment by check may be common practice, but in Europe, this is not the case. In many European countries, banks refuse to cash checks. So they face
Emerging Market Currencies: Growing Polarisation
Since the start of the year, the performance of emerging market currencies mirrors what we saw in 2021, but with more polarisation.
Bulgaria has Borrowed another Half a Billion BGN in Debt
Bulgaria took on another half a billion levs in debt just a week after taking on 500m levs (BGN).
In One Year Growth of 30% in Food Prices in Bulgaria
Wholesale food prices in Bulgaria have increased by 30% compared to March last year. This is shown by the market price index.
Inflation in Bulgaria will not be Less than 25% - 30%
Economist Miyka Zaykova predicts inflation of 25% -30%. According to her, the state must find in time alternative suppliers of the products we have imported from Russia so far and negotiate affordable prices. Otherwise, bankruptcies are expected.
Bulgarian Economist: We will be Impoverished by another 10% if Wages do not Increase
We have been in a situation of high inflation for 8 months, people have been impoverished since August, and there will be another 10% impoverishment if wages do not increase.
Bulgarian Innovation Minister: Inflation will Calm Down by the End of the Year
“When there is a war next to us, it inevitably changes all the plans of the world. There will be inflation and it will calm down, if it calms down at all, by the end of the year.”
Fitch Lowered Russia's Rating by another 6 Points
The international agency “Fitch” lowered Russia's rating by another six points from “B” to “C” and said that a debt default is inevitable, Reuters reported.
Strong Jobs Growth Refreshed Dollar's Boost
The US labour market added 678K jobs outside the agricultural sector in February. This is higher than the expected 400K. In addition, last month's estimates were improved, which also adds strength to the fresh data.
Russia's Biggest Bank is Leaving Europe
Russia's largest bank is withdrawing from the European market. Sberbank has announced that it is leaving while its branches are losing money and customers are withdrawing their money.
The Russian Ruble Collapsed by 30% against the Dollar
The Russian ruble has collapsed by nearly 30% against the dollar following the entry into force of new tough sanctions against Russia.
Oil hit the 100 USD a Barrel Record - World Stock Markets Collapsed
Oil prices have surpassed $100 per barrel, and stock prices around the world have collapsed after Russian President Vladimir Putin declared a “military operation” in Ukraine with a hint of a bigger war.
Bitcoin Benefits for Business
Are you wondering whether Bitcoin has any benefit for your business? If yes, here are the Bitcoin benefits for a business.
Bitcoin collapsed after Theft of $1.7 million in NFT
The theft of NFT (non-fungible tokens) for $1.7 million this weekend led to the collapse of cryptocurrencies, Verge reported.
New Decline in European Stock Markets after renewed Tensions on the Russian-Ukrainian Border
European stock markets are under new sales pressure, with US stock futures declining in view of indications of escalating tensions between Ukraine and Russia.
Bulgaria: Annual inflation in January was 9.1%
According to preliminary NSI data, the consumer price index for Bulgaria in January 2022 compared to December 2021 was 101.5%, i.e. monthly inflation is 1.5%. The annual inflation for January 2022 compared to January 2021 was 9.1%.
Record Growth of the Bulgarian Economy for 2021
The new data from the National Statistical Institute (NSI) on several main economic indicators are extremely positive. From them, it can be concluded that the Bulgarian economy has already overcome the crisis related to the coronavirus and is entering a p
Bulgarian Finance Minister: There is Increased Interest from Foreign Investors
During the debates in the parliament at the first reading on the draft budget yesterday, the Minister of Finance Asen Vassilev announced that at the moment there is increased interest from foreign investors and they only asked if the government will racke
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