Business » Finance

Bulgarian Stocks Shoot up to 9-month High

The stock-market euphoria of last week has not subsided and the Bulgarian stock market indices shot up on Monday in line with a rise in other emerging-market stocks that advanced on signs of recovery.

Business » Finance | August 10, 2009, Monday // 15:18 | Viewed: 1412

EIU: Bulgaria Economy to Contract by 5,3% in 2009

Bulgaria's real GDP growth is forecast to contract by 5,3% in 2009, following estimated growth of 6% in 2008, according to the latest forecast of the Economist Intelligence Unit (EIU).

Business » Finance | August 8, 2009, Saturday // 13:10 | Viewed: 2270

Bulgaria Looks to Botched Privatization Deals to Collect BGN 1,5 B

The Bulgarian state can bring in BGN 1,5 B in extra revenues to the budget if it manages to collect the damages it has been awarded in court due to foul privatization deals.

Business » Finance | August 6, 2009, Thursday // 17:23 | Viewed: 1357

Bulgaria Euro Peg "Likely" to Send Shock Waves across South Eastern Europe

If Bulgaria falls off the cliff trying to hold the euro peg, it will likely have seismic shock waves across most of South Eastern Europe, says an article about the attempts to stabilize Latvia, drawing parallels between the two countries.

Business » Finance | August 5, 2009, Wednesday // 18:15 | Viewed: 3200

Bulgaria New Government Decides against Ousting Central Bank Governor

Bulgaria's new premier Boyko Borisov has apparently given up plans to oust the central bank governor, reelected in a highly controversial parliamentary vote just before the elections.

Business » Finance | August 5, 2009, Wednesday // 17:40 | Viewed: 1502

Bulgaria Cuts 2009 Budget Spending by BGN 1,2 B

Bulgaria's new center-right government has decided to cut public spending by an additional BGN 1,156 B and improve tax collection to avoid slumping into a budget deficit at the end of the year.

Business » Finance | August 5, 2009, Wednesday // 14:30 | Viewed: 1788

S&P: Bulgaria Banks Face Deterioration in Asset Quality

The creditworthiness of Bulgaria's banking system faces a major risk from deteriorating asset quality, Standard & Poor's rating agency said in a report.

Business » Finance | August 4, 2009, Tuesday // 18:15 | Viewed: 1879

Bulgaria to Adopt the Euro in 2015-2020, Morgan Stanley Says

Poland may adopt the euro in 2014- 2015, while Hungary, Bulgaria and Romania are a story for the second half of the next decade, Morgan Stanley said in a report.

Business » Finance | August 4, 2009, Tuesday // 14:57 | Viewed: 2344

Bulgaria Has More Stable Currency Board than Baltic States - EFG Eurobank

Bulgaria's currency board arrangement (CBA) enjoys much greater sustainability than the currency pegs in the Baltic states, says an analysis of the Greek EFG Eurobank, owner of local Postbank.

Business » Finance | August 4, 2009, Tuesday // 13:08 | Viewed: 4236

Public Sector Expenditures Must Be Below 25% of GDP - Report

Expenditures in the public sector must not exceed 25% of the gross domestic product GDP of a country.

Business » Finance | August 3, 2009, Monday // 20:24 | Viewed: 1322

Bulgaria Looks to Smuggling Combat to Patch up State Budget

Bulgaria's new finance minister has pledged reforms to stop smuggling in a bid to patch up the state budget, which is in worse shape than described by the ousted administration.

Business » Finance | July 31, 2009, Friday // 15:33 | Viewed: 1230

Bulgaria Producer Prices Continue to Fall in June

Bulgaria's producer price index (PPI) dropped 7,3% in June on an annual basis, following a decrease by 6,7% year-on-year the previous month, official data shows.

Business » Finance | July 31, 2009, Friday // 13:10 | Viewed: 1179

Bulgaria Social Security Institute with BGN 555 M Deficit in 2009

Until the end 2009, the deficit in the Bulgarian National Social Security Institute will reach BGN 555 M, while 90% of the government subsidy have been paid.

Business » Finance | July 30, 2009, Thursday // 19:07 | Viewed: 1478

S&P Affirms Bulgaria's UniCredit Bulbank BBB Rating

International rating agency Standard and Poor's confirmed a Р’Р’Р’ rating of UniCredit Bulbank, a subsidiary of UniCredit Group.

Business » Finance | July 30, 2009, Thursday // 18:26 | Viewed: 2729

New Bulgarian Government Decides against Modifying State Budget

The new Bulgarian government decided during its first weekly sitting Wednesday that it was not going to modify the state budget for the time being.

Business » Finance | July 29, 2009, Wednesday // 13:55 | Viewed: 2822

Global Economic Crisis Leaves 38 Million Unemployed Worldwide

The global economic crisis has left 38 million people worldwide without job since its first signs appeared.

Business » Finance | July 26, 2009, Sunday // 10:53 | Viewed: 7756

Bulgaria May Levy Tax on Bloggers

Bulgarian bloggers, who have incomes from posting ads or serving as mediators through their blogs, will have to pay taxes and social insurances, local media reported.

Business » Finance | July 25, 2009, Saturday // 11:56 | Viewed: 1162

Japan's JCR Affirms Bulgaria's BBB/BBB+ Ratings, Outlook Negative

Japanese credit rating agency JCR has affirmed its BBB rating on Bulgaria's foreign currency long-term senior debts and its BBB+ rating on the local currency long-term senior debts.

Business » Finance | July 24, 2009, Friday // 13:36 | Viewed: 1477

Bad Credits in Bulgaria Jump by BGN 512 M in June 2009

The amount of bad credits in Bulgaria increased significantly by BGN 512 M only in June 2009, month-on-month.

Business » Finance | July 24, 2009, Friday // 13:04 | Viewed: 1584

Bulgaria End-May Debt Virtually Flat m/m

Bulgaria's gross foreign debt totaled EUR 36,6 B at the end of May, virtually remaining flat on the month, central bank data showed.

Business » Finance | July 24, 2009, Friday // 12:20 | Viewed: 1301

Profits Fall 23% at Bulgarian American Credit Bank

Bulgarian commercial lender Bulgarian American Credit Bank (BACB), has reported a 23,4% decrease in profits year on year.

Business » Finance | July 24, 2009, Friday // 09:39 | Viewed: 1618
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria