A day after reelecting for another six-year-term the current governor of the central bank BNB, Bulgaria's parliament picked his deputy.
A month ahead of the general election, Bulgaria's parliament reelected on Thursday for another six-year-term the current governor of the central bank BNB.
Bulgaria's gross foreign debt stood at EUR 36,41 B at the end of March, down by EUR 418 M over the previous month, official data showed.
The European Investment Fund (EIF) secured a credit resource for Bulgaria worth EUR 200 M on Wednesday.
Moody's Investors Service placed its rating outlooks for Bulgaria's DSK Bank AD and First Investment Bank Ltd on review for a possible downgrade, Bloomberg agency reported in an article about the first fall of the euro against the dollar in seven days.
Moody's Investors Service has placed on review for possible downgrade ratings of two Bulgarian financial institutions: DSK Bank AD and First Investment Bank Ltd.
Bulgaria's parliament is expected to elect this week for another six-year-term the current governor of the central bank BNB, according to reports.
The Irish Ambassador to Bulgaria, Geoffrey Keating, has stated that Ireland has been affected more by the global financial crisis than Bulgaria.
The financial crisis in Bulgaria will be over when Germany starts recovering.
Bulgaria's Finance Minister, Plamen Oresharski, predicted Friday that the Bulgarian economy would shrink by between 2% and 3% in 2009.
Bulgaria proved to be better prepared to weather the global crisis in comparison to other European countries due to its stable financial system.
The European Investment Bank has agreed to extend EUR 440 M to four units of Austria-based Erste Bank to finance loans to small and medium sized companies in Central and Eastern Europe, including Bulgaria.
The finance minister in Bulgaria's Socialist-led government has admitted to the success of reforms implemented by the right-wingers after the severe economic crisis in Bulgaria in the late 90s.
Bulgaria does not need direct financial support from the international financial institutions.
Bulgaria Finance Minister, Plamen Oresharski has stated that Bulgaria will need from 2-3 years to overcome the current global financial crisis.
Currently, Bulgaria does not need international help to deal with the global financial crisis.
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