Business » Finance

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: 1485

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: 1590

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: 1308

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: 1631

Moody's Expects Bulgaria Economy to Contract by 5% in 2009

The credit rating company Moody's Investors Service expects in its latest report on Bulgaria that the country's economy will contract by 5% in 2009.

Business » Finance | July 22, 2009, Wednesday // 13:24 | Viewed: 1604

Deutsche Bank Faces Spying Allegations

Deutsche Bank has confirmed it faces a possible criminal investigation into spying allegations.

Business » Finance | July 21, 2009, Tuesday // 13:59 | Viewed: 1564

Finance Minister Nominee: Bulgaria Has to Cut BGN 2,5 B Expenses

The future Finance Minister in the GERB cabinet, Simeon Djankov, believes that Bulgaria needs to reduce its state expenditures by BGN 2,5 B as part of the modification of the state budget.

Business » Finance | July 21, 2009, Tuesday // 09:52 | Viewed: 1392

Bulgaria Budget Surplus Evaporates, Monthly Deficit Worsens

Bulgaria registered a monthly budget deficit of BGN 381 M in June 2009, according to data presented by outgoing Finance Minister, Plamen Oresharski.

Business » Finance | July 20, 2009, Monday // 11:37 | Viewed: 1696

Bulgaria Finance Minister Presents State Budget Data

Bulgaria's outgoing Minister of Finance, Plamen Oresharski, is going to present Monday data on the execution of the state budget for the first half of 2009.

Business » Finance | July 20, 2009, Monday // 08:06 | Viewed: 1476

EIBank CEO to Replace Bulgaria Central Bank Governor - Report

The chief executive of EIBank, majority-owned by Belgian KBC, has been tipped to replace Ivan Iskrov as Bulgaria's central bank governor, reports say.

Business » Finance | July 17, 2009, Friday // 11:27 | Viewed: 1745

Migrant Remittances to Bulgaria Towered to USD 2,63 B in 2008

Migrant workers remittances to Bulgaria were worth USD 2,63 B last year and accounted for 5.4% of Bulgaria's gross domestic product, the World Bank said.

Business » Finance | July 15, 2009, Wednesday // 11:33 | Viewed: 2431

Bulgaria Foreign Investments Plummet by EUR 1,3 B

The Bulgarian National Bank (BNB) has announced that foreign investments have dropped by EUR 1,3 B or 53,6% year on year for the first five months of 2009.

Business » Finance | July 15, 2009, Wednesday // 08:45 | Viewed: 1321

Bulgaria Watchdog Probes Banks over Cartel Claims

Bulgaria's anti-trust watchdog said on Monday it had launched a probe into the association of banks in the country over allegations of a cartel that fixed interest rates on both deposits and credits.

Business » Finance | July 13, 2009, Monday // 13:48 | Viewed: 1189

Bulgaria Inflation Slows Down to 3,7% in June y/y

Bulgarian consumer price inflation eased to 3,7% year-on-year in June from 3,9% a month earlier, mainly due to a drop in food prices, statistics office data showed on Monday.

Business » Finance | July 13, 2009, Monday // 12:42 | Viewed: 1320

Financial Minister Nominee: No Current Need for Bulgaria IMF Loan

Bulgaria does not need to sign an agreement for financial support from the International Monetary Fund (IMF)at the moment.

Business » Finance | July 11, 2009, Saturday // 12:19 | Viewed: 1989

German Press: Bulgaria Holds IMF Loan Negotiations

Bulgaria is one of 10 Eastern European countries in talks with the IMF about multi-billion dollar loans according to German business daily Handelsblatt.

Business » Finance | July 10, 2009, Friday // 13:21 | Viewed: 1988

IMF: Bulgaria Economy Faces Head-Spinning Decline

The International Monetary Fund expects the Bulgarian economy to shrink by 7% in 2009 and another 2,5% the next year, the head of the global lender mission to Bulgaria said.

Business » Finance | July 9, 2009, Thursday // 11:07 | Viewed: 2061

Economy Expert: Budget Revision Is Bulgaria New Government First Task

The first task of the new Bulgarian government, and the Finance Minister will be to revise the 2009 budget in order to deal with the global financial crisis.

Business » Finance | July 8, 2009, Wednesday // 20:42 | Viewed: 1901

Bulgaria UBB Wins Bank of Year Award for 2008

United Bulgarian Bank has won the "Bank of the Year 2008" award in a traditional contest, organized by the prestigious local financial Pari Daily.

Business » Finance | July 8, 2009, Wednesday // 18:34 | Viewed: 2094

Bulgaria New Finance Minister to Oust Central Bank Governor

A World Bank economist, who has been tipped as Bulgaria's next finance minister, has given indications that the central bank governor may be forced out of office.

Business » Finance | July 7, 2009, Tuesday // 13:20 | Viewed: 5284

Analysts: Markets to Welcome Bulgaria GERB's Willingness for IMF Program

"Given GERB's willingness for an IMF program, among other things, a strong government led by GERB should be well-received by the markets," Citigroup analysts said in a note to clients, as cited by MarketWatch.

Business » Finance | July 6, 2009, Monday // 17:28 | Viewed: 1203
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