Business » Finance

Bulgaria Labor Costs Register Wide Growth Variations

Bulgaria National Statistics Institute (NSI) has published labor cost data, showing that hourly costs rose on average by 7,2% year on year.

Business » Finance | March 22, 2010, Monday // 18:41 | Viewed: 2677

Bulgaria Insurance Markets Reflect Financial Crisis

A Bulgaria Insurance Report has concluded that the country's industry is facing a difficult period in both the life and non-life sectors.

Business » Finance | March 22, 2010, Monday // 17:39 | Viewed: 1847

German C-Bank Protests against IMF Aid for Greece

The Deutsche Bundesbank, Germany's central bank, has warned against using the International Monetary Fund to resolve Greece's debt crisis.

Business » Finance | March 22, 2010, Monday // 14:52 | Viewed: 1730

Finance Expert: Emerging Markets Set to Dominate 2010

Kurt Kotzegger, CIO for equities and asset allocation at Raiffeisen Capital Management, has predicted that emerging markets will blossom in 2010, leaving developed markets in their wake.

Business » Finance | March 22, 2010, Monday // 14:50 | Viewed: 1766

Bulgaria Employers Call on FinMin to Withstand Bank Pressure

Employers from the Economic Initiative Union have queried whether Finance Minister will be able to withstand pressure from commercial banks over the joint anti-crisis plan

Business » Finance | March 22, 2010, Monday // 11:51 | Viewed: 1562

Bulgaria Municipalities to Benefit from New "Luxury Tax"

Bulgaria's new tax on luxury goods, which the government plans to introduce to help fight the economic crisis and keep down the fiscal deficit, will be collected by the municipalities, the finance minister announced.

Business » Finance | March 22, 2010, Monday // 11:26 | Viewed: 1917

Germans: No to Greek Aid, Yes to Eurozone Exclusion

Fierce German resistance to helping Greece has emerged in a Financial Times opinion poll that strengthens Angela Merkel's hand ahead of a possible European showdown this week over financial aid for Athens.

Business » Finance | March 22, 2010, Monday // 10:27 | Viewed: 2144

Bulgaria Govt Introduces 'Luxury' Tax to Counter Crisis

Bulgaria PM Boyko Borisov has stated that the flat rates for income and corporate taxes will remain but that there will be a 'Luxury' tax introduced to counter the financial crisis.

Business » Finance | March 21, 2010, Sunday // 15:09 | Viewed: 5051

Bulgaria Labor Minister Wants Restoration of Progressive Tax

Bulgaria must give up temporarily its flat rates for income and corporate taxes because of the economic crisis, according to Labor Minister Totyu Mladenov.

Business » Finance | March 20, 2010, Saturday // 20:01 | Viewed: 2903

German C-Banker: Greece Should Consider Insolvency

Greece should be prepared to declare itself insolvent if it cannot repay its debts, a director of the German central bank said in a sign of the hard line against help for heavily indebted EU countries.

Business » Finance | March 20, 2010, Saturday // 12:33 | Viewed: 2685

Bulgaria Euro Adoption Likely in 20 Years - European Analyst

Bulgaria's aspirations to join the euro zone may be rewarded in no less than two decades, according to a leading European analyst.

Business » Finance | March 20, 2010, Saturday // 12:20 | Viewed: 2991

Greece Has to Raise EUR 16 B by End May

Greece must raise some EUR 16 B in debt by the end of May, the head of Greece's PDMA debt agency said in an interview published on Friday.

Business » Finance | March 20, 2010, Saturday // 11:35 | Viewed: 1697

Bulgaria Economy Minister Mulls Maritsa Investment Offer

Bulgaria's Economy Minister, Traicho Traikov, has said he is considering offering investors a minority stake in the Maritsa East 3 power plant.

Business » Finance | March 19, 2010, Friday // 19:02 | Viewed: 1685

Bulgaria Finance Ministry Criticized for Cutting Food Vouchers

Bulgaria's Finance Ministry has decided to cut the amount of food vouchers it circulates to commercial companies, in a reaction to the crisis and in order to maximize budget revenue.

Business » Finance | March 19, 2010, Friday // 16:11 | Viewed: 2464

Finance Minister: Bulgaria Is Island of Economic Stability

Bulgaria's government will be ready with its new package of anti-crisis measures by next week, Finance Minister Simeon Djankov announced.

Business » Finance | March 19, 2010, Friday // 13:52 | Viewed: 2755

Bulgaria Euro Craze Dooms It to Recession - German Analyst

Bulgaria has weak chances for joining the bloc's exchange-rate mechanism, the so-called eurozone waiting room, and making this top priority dooms it to a recession, a German analyst has commented.

Business » Finance | March 18, 2010, Thursday // 14:11 | Viewed: 2094

Greece May Seek IMF Help

Greece may seek financial help from the International Monetary Fund over the April 2-4 Easter weekend due to little hope for aid from the European Union.

Business » Finance | March 18, 2010, Thursday // 11:54 | Viewed: 2256

Bulgaria's Tax Revenue Plummets in Jan-Feb 2010

Bulgaria's tax revenue in the first two months of 2010 was BGN 600 M smaller than in the same period of 2009, announced the National Revenue Agency head, Krasimir Stefanov.

Business » Finance | March 18, 2010, Thursday // 09:41 | Viewed: 2146

Ex Finance Minister: Bulgaria Govt Handles Crisis All Wrong

The Borisov government has adopted "pro-crisis" rather than "anti-crisis" measures, Bulgaria's former Finance Minister Plamen Oresharski believes.

Business » Finance | March 18, 2010, Thursday // 08:54 | Viewed: 1907

Brussels Thumbs Up Cheers Euro Hopeful Bulgaria

The European Commission assessment of Bulgaria's three- year fiscal plan is one of the few positive, which boosts the country's chances of joining the eurozone waiting-room ERM II, insiders from Brussels have commented.

Business » Finance | March 17, 2010, Wednesday // 20:28 | Viewed: 2046

Bulgaria Minister Prepared to Swallow Lyulin Highway Budget Increase

Bulgaria's Minister for Regional Development, Rosen Plevneliev, has announced that he is prepared to reluctantly "accept" a EUR 41 M increase in construction costs of the Lyulin Highway.

Business » Finance | March 17, 2010, Wednesday // 18:04 | Viewed: 1987
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