Bulgaria Says to Help Euro Stability
Bulgaria's finance minister has expressed confidence that the country can significantly contribute to the stability of the single currency as it boasts the best fiscal policy parameters across the European Union.
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Business » Finance
EU Officials to Check Bulgaria's Readiness for ERM II
Officials from the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) will arrive in Bulgaria 18 February to examine the country's readiness to join ERM II, a currency stability test for euro hopefuls.
Bulgarian 'Unified Highway Trace' Submits Lowest Trakiya Bid
Bulgarian construction company "Unified Highway Trace" has submitted the lowest bid for construction of Lot 2 of the Trakiya Highway.
Bulgaria Consumer Confidence Continues to Decline in 2010
Bulgarian consumer confidence registered a fall in January 2010, particularly in urban areas, according to data published by the national Statistical Institute (NSI) on Friday.
Bulgaria Finance Minister: Now Is Time to Seek ERM 2 Entry
Now is "exactly the right time" for Bulgaria to take the next step toward joining the eurozone, the country's Finance Minister Simeon Djankov told the Financial Times Deutschland.
Buglaria's Privatization Watchdog Raised BGN 19 M in 2009
Bulgaria’s Agency for Post-privatization Control (APC) raised BGN 18,9 M in 2009.
Bulgaria Tells Germany Euro Plans Firm
Bulgaria's Finance Minister Simeon Djankov has confirmed in Germany that the country will apply this year to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption.
Bulgarian Audit Office Reveals Unauthorized Agriculture Bonuses
The Bulgarian National Audit Office has uncovered the payment of more than BGN 2 M in bonuses within the Agriculture State Fund in December 2008.
FT: Eurozone Issues Record EUR 110 B in Bonds
Eurozone governments have borrowed a record EUR 110 B from the markets so far this year, shows estimates of the prestigious Financial Times.
Bulgaria Restructures Fiscal Reserve to Up Budget Revenues
Bulgaria's Finance Ministry expects to make between BGN 8 and 10 M in 2010 as additional revenue from fiscal reserve interest.
Bulgaria Road Vignette 'Amnesty' Period Ends
All vehicles using the Bulgarian road network need to display a valid 2010 vignette as of February 1, otherwise they risk a fine of between BGN 100 and BGN 1 000.
Bulgarian Euro-Bond Issue 3 Times Oversubscribed
The Euro-bonds issue made by the Bulgarian government has been three times over-subscribed, according to a Ministry of Finance statement on Monday.
Bulgaria Confirms BGN 530 M 2009 Budget Deficit
The Bulgarian Finance Ministry has announced that Bulgaria's budget deficit for 2009 was BGN 529,5 M or 0,8% of GDP.
Bulgaria Central Bank Interest Rate Hits New Low
The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991.
Bulgaria Emits EUR 25 M in Eurobonds
The Bulgarian Ministry of Finance has opened a tender for bond management in a bid to emit 25 million in euro denominated bonds and meet the internal demand for state securities.
Bulgaria Finance Minister: We Threaten Oligarchs' Interests
Bulgaria's Finance Minister Simeon Djankov declared Sunday night that the government's actions were clearly threatening the interests of political impostors and oligarchs.
Bulgaria Producer Prices Rise 0,9% in Dec y/y
Bulgaria's index of total producer prices rose 1,2 % in December from the previous month after plunging 5,53% the year before during the first month of the crisis, data showed on Friday.
Bulgaria 2010 GDP Forecast Set at +1% - Think-Tank
A Bulgarian think-tank has forecast a return to economic growth this year, in line with the government's latest figures, which reversed a previous forecast for a 2% contraction
Ex Bulgaria Economy Minister: BGN 800 M Not Returned to Firms
Bulgaria’s former Economy and Energy Minister, Rumen Ovcharov, has stated that BGN 800 M in V.A.T rebates has not been returned to private companies on time.
Bulgaria to Submit Convergence Program to Brussels
The Bulgarian government is expected to submit to the European Commission on Friday its convergence program until 2012, which outlines the preparations for joining the ERM II mechanism and the adoption of the euro.
Bulgaria Finance Ministry Switches to Forecasting GDP Growth in 2010
Bulgaria's Finance Ministry has amended its forecast for a 2% decline of the economy in 2010 switching to expecting a 0,3% GDP growth.
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