Bulgaria's Finance Minister Simeon Djankov has announced that the country will apply in March next year to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption, and seek to switch to the common currency by 2013.
Moody's cut Greece's rating on Tuesday over rising deficits, becoming the third major rating agency to downgrade the highly-indebted country's rating this month.
Bulgaria is increasingly unlikely to seek an emergency loan from the International Monetary Fund and may seek to launch a Eurobond early next year to meet its external financing needs, it emerged on Monday.
The Bulgarian government will issue securities to the value of BGN 740 M in 2010, of which net financing will amount to some BGN 150 M, according to a Finance Ministry announcement made on Monday.
Bulgaria Finance Minister Simeon Djankov has stated that 2009 will go down in Bulgarian history as the worst in economic terms since the crash in 1997.
A deficit of up to BGN 500 M will be budgeted for in 2009 the Bulgaria Parliament decided Wednesday after adopting the final update of the 2009 state budget.
Bulgaria is on its way to mark the lowest inflation rate since the index was recorded for the first time in 1991, according to experts.
Economists from the Bulgarian Academy of Sciences have warned that introducing the Euro in 2013 would mean Bulgaria scoring an 'own goal'.
The consumer price index (CPI) in Bulgaria registered another month of deflation in November, falling 0,1% year-on-year after marking a 0,3% drop the previous month, statistics office data showed on Monday.
Bulgaria's Prime Minister, Boyko Borisov, announced that 1,1 million retired people in Bulgaria will receive a Christmas bonus of BGN 25.
Bulgaria will end the year with the best fiscal result in the European Union, Bulgaria's Finance Minister, Simeon Djankov, said.
The Bulgarian National Bank is going to contribute BGN 456M from its 2009 operations to the state budget for 2010.
Bulgaria's economy shrank by 5,4% in the third quarter of 2009 compared to the same period of 2008.
The economies of Eastern European countries continue to contract despite the good news in the developed countries.
In a comprehensive report, entitled "The Crisis Hits Home", the World Bank has painted a gloomy picture of the Bulgarian economy in 2010.
Bulgaria will end November and December this year with a preliminary budget surplus of BGN 48 M each, the finance ministry said on Wednesday.
The growth of Bulgarians' financial wealth in the third quarter of 2009 has slowed down but is still positive standing at 2% year-on-year.
Bulgaria has turned into the epitome of the mix of economic, political and cultural concerns that hamper the entry into the ERM 2 exchange-rate mechanism, the European Union's two-year currency stability test before the country can drop the lev.
A quiet crisis is brewing in Eastern Europe, where Bulgaria, Hungary, and the Baltic states face staggering foreign debts in excess of their GDP, the Newsweek wrote in an article about the possible location of the next debt crisis.
Bulgaria National Bank Governor, Ivan Iskrov, has stated that Bulgaria is very well prepared and generally meets the criteria for entry into the eurozone.
Standard & Poor's Ratings Services said its ratings and outlooks on Bulgarian financial institutions remain unchanged days after the revision of the country's outlook to stable from negative.
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