Business » Finance

World Not over Worst of Recession - EBRD Economist

The global economy is not over the worst of the recession, Erik Berglof, chief economist at the European Bank for Reconstruction and Development, said.

Business » Finance | June 16, 2009, Tuesday // 12:29 | Viewed: 1757

ECB Governor Warns Bulgaria against Speedy Euro Adoption

The European Central Bank (ECB) governor Jean-Claude Trichet, who is on a visit in Sofia, has taken a stance against the immediate introduction of the euro, saying it is crucial that requirements are met first.

Business » Finance | June 12, 2009, Friday // 19:39 | Viewed: 2430

Bulgaria Fin Min: "Moderately Optimistic" on No Need For IMF

Bulgaria doesn't need to turn to the International Monetary Fund for emergency funding, Finance Minister Plamen Oresharski told Dow Jones Newswires in an interview.

Business » Finance | June 12, 2009, Friday // 16:29 | Viewed: 1313

Bulgaria Inflation Slows Down to 3,9% in May y/y

Bulgarian consumer price inflation eased to 3,9% year-on-year in May from 4,8% a month earlier, mainly due to a drop in food prices, statistics office data showed on Friday.

Business » Finance | June 12, 2009, Friday // 13:14 | Viewed: 1354

Bulgaria "Trapped" with Currency Pegs at Over-Valued Rates

Bulgaria, together with Latvia, Estonia and Lithuania, are trapped with currency pegs at over-valued rates, implying harsh deflation, the Daily Telegraph wrote in an article about the global recession.

Business » Finance | June 11, 2009, Thursday // 11:00 | Viewed: 1777

Bulgaria Economy Officially Enters Recession

Bulgaria's gross domestic product (GDP) has contracted by 3,5% in the first quarter of 2009 on an annual basis, the statistics office announced on Wednesday, confirming flash data released last month.

Business » Finance | June 10, 2009, Wednesday // 17:29 | Viewed: 2343

Bulgaria PM Slams Opposition Attacks against Cbank Governor

Bulgaria's Socialist Prime Minister Sergey Stanishev has described as insolent hints that the centre-right opposition will topple the recently re-elected governor of the central bank if they come into power.

Business » Finance | June 10, 2009, Wednesday // 14:28 | Viewed: 1165

Bulgaria GDP Drops Sharply by 3,5% in Q1 2009

Bulgaria's gross domestic product (GDP) has contracted by 3,5% in the first quarter of 2009 on an annual basis, the statistics office announced on Wednesday,

Business » Finance | June 10, 2009, Wednesday // 12:26 | Viewed: 1730

German Inflation Down to Zero Y/Y

Germany's inflation rate fell to zero in May 2009 year-on-year for the first time in at least 13 years over lower energy costs and weakening demand.

Business » Finance | June 10, 2009, Wednesday // 11:01 | Viewed: 2074

Bulgaria Budget Deficit to Reach BGN 3 B in 2009

The Bulgarian state budget may end up with a deficit of BGN 2 or 3 billion towards the end of 2009.

Business » Finance | June 9, 2009, Tuesday // 11:07 | Viewed: 2583

Bulgaria Budget Buffers Work for Now

The budget buffers are keeping the Bulgarian budget from the negative effects of the growing gap between state's income and expenses.

Business » Finance | June 3, 2009, Wednesday // 10:45 | Viewed: 1257

Bulgarian Economists Recommend Fiscal Deficit Policies

Bulgaria would be better off in the present economic crisis if it maintained a fiscal deficit, according to a group of economists from Bulgarian universities.

Business » Finance | June 2, 2009, Tuesday // 19:41 | Viewed: 1548

Bulgaria Banking System Is Stable - Report

The Bulgarian banking system is stable, liquid and profitable, and banks have enough provisions to counter defaulting loans.

Business » Finance | June 2, 2009, Tuesday // 14:54 | Viewed: 3370

Bulgaria Government Increases Its Expenses

Despite the calls from the business, the IMF, and the opposition the Bulgarian government continues increasing its budget spendings.

Business » Finance | June 2, 2009, Tuesday // 12:57 | Viewed: 1357

Bulgaria Budget Surplus Shows Dramatic Decrease

Bulgaria had a budget surplus of BGN 675,5 M at the end of April, decreasing from BGN 2,7 B at the same time last year.

Business » Finance | June 1, 2009, Monday // 11:50 | Viewed: 5764

Standard & Poor's Keeps Sofia Credit Rating Positive

The international credit rating agency Standard & Poor's has decided to preserve the BB+ rating with a positive perspective of the Bulgarian capital Sofia.

Business » Finance | June 1, 2009, Monday // 10:25 | Viewed: 2625

Central Bank Governor: Bulgaria Bank System Is Stable

The Bulgarian banking system is stable, despite the increase of bad credits.

Business » Finance | May 30, 2009, Saturday // 17:32 | Viewed: 1831

Eurozone Records Zero Inflation in May 2009 Y/Y

The inflation rate in the Eurozone in May 2009 is 0,0% year-on-year for the first time since it came into existence.

Business » Finance | May 29, 2009, Friday // 14:51 | Viewed: 2416

Bulgaria Elects Cbank Deputy Governor

A day after reelecting for another six-year-term the current governor of the central bank BNB, Bulgaria's parliament picked his deputy.

Business » Finance | May 29, 2009, Friday // 11:18 | Viewed: 1121

Russia Introduces Free Currency Rate

Russia's Central Bank (CBR) intends to introduce a free currency flow regime for the rouble (RUB).

Business » Finance | May 28, 2009, Thursday // 19:20 | Viewed: 1821

Bulgaria Parliament Reelects Cbank Governor Just Before Elections

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.

Business » Finance | May 28, 2009, Thursday // 13:05 | Viewed: 1205
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