Most countries in Central, East and Southeast Europe have emerged from the trough of the crisis already but growth in general will be slower than in the pre-crisis period, the Vienna-based think tank wiiw said on Thursday.
German politicians say Greece must sell property, companies and uninhabited islands to raise money for debt payments, the newspaper Bild reported.
Fitch Ratings has assigned the Bulgarian Development Bank (BDB) a long-term foreign-currency issuer default rating (IDR) of 'BBB-', a short-term foreign currency IDR of 'F3', individual rating 'D', support rating '2' and a support rating floor of 'BBB-'.
The International Monetary Fund has welcomed Greece's "very strong" fiscal package to contain its massive debt crisis, which comes as EUR 4,8 B of additional deficit cuts.
Bulgaria's central bank has assuaged fears over funds outflow from Greek bank subsidiaries in the country to headquarters in Greece, saying this is part of the free movement of capital
Bulgaria's budget deficit in January almost equaled the gap for the entire 2009, but still remained lower than the initial forecasts of the new finance minister, official data showed on Tuesday.
The euro has fallen to its lowest level against the dollar for 10 months amid continuing concerns over Greece's debt crisis.
Bulgaria will improve its chances for joining the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, if it maintains a tight fiscal policy, says the latest report of Greece's Eurobank EFG on markets in new Europe
The increase in bad loans will continue as a trend in 2010, but the Bulgarian banking sector has sufficient flexibility to absorb the problem.
Inflation increased narrowly across continental Europe in January, official figures show, amid forecasts of feeble growth and sliding confidence under tight lending conditions.
Greek-owned Piraeus Bank has announced a new credit line for supporting small and medium-sized enterprises in Bulgaria.
Bulgaria's Finance Minister Simeon Djankov has expressed a concern over the possibility of Greek-owned banks channeling funds to their parent companies.
Bulgaria Finance Minister, Simeon Djankov, has stated that the fact that Bulgaria's own forecasts coincide with those that the IMF announced Monday is a "great success".
The International Monetary Fund expects Bulgaria’s budget deficit to stand at 1,8% of gross domestic product this year, which totals nearly BGN 1,2 B.
The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991.
Officials from the International Monetary Fund (IMF), who arrived in Bulgaria February 18 to examine the country's readiness to join ERM II, a currency stability test for euro hopefuls, will announce their results on Monday.
Setting up a unified body for financial supervision in Bulgaria is going to take about 6 months, according the Chair of Parliamentary Finance Committee, Menda Stoyanova.
Bulgaria is going to overcome the effects of the economic crisis in three stages over the next few months, according to Finance Minister Simeon Djankov.
Bulgaria’s second government securities auction within one week was oversubscribed by almost three times, as high interest rates attracted potential investors.
The European Union is pushing Greece to urgently adopt new measures amounting to an extra EUR 4 B if it is to achieve its goal of slashing its staggering budget deficit by four percentage points this year, the Wall Street Journal reported.
Bulgaria National Revenue Agency (NAP) Executive Director, Krasimir Stefanov, has stated that a meeting will be held on March 5 with German authorities over Bulgarians' accounts in Switzerland and Liechtenstein.
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