Business » Finance

EIF Secure JEREMIE Credit Source for Bulgaria Businesses

The European Investment Fund (EIF) secured a credit resource for Bulgaria worth EUR 200 M on Wednesday.

Business » Finance | May 27, 2009, Wednesday // 15:08 | Viewed: 1851

Bulgaria Banks Said to be Partly Responsible for Euro Decline

Moody's Investors Service placed its rating outlooks for Bulgaria's DSK Bank AD and First Investment Bank Ltd on review for a possible downgrade, Bloomberg agency reported in an article about the first fall of the euro against the dollar in seven days.

Business » Finance | May 26, 2009, Tuesday // 12:11 | Viewed: 1675

Moody's Reviews Ratings of Bulgaria DSK, First Investment Bank

Moody's Investors Service has placed on review for possible downgrade ratings of two Bulgarian financial institutions: DSK Bank AD and First Investment Bank Ltd.

Business » Finance | May 26, 2009, Tuesday // 10:31 | Viewed: 2298

Bulgaria Parliament Set to Re-Elect Bank Governor This Week

Bulgaria's parliament is expected to elect this week for another six-year-term the current governor of the central bank BNB, according to reports.

Business » Finance | May 25, 2009, Monday // 18:24 | Viewed: 1337

Irish Ambassador: Crisis Has Hit Ireland More than Bulgaria

The Irish Ambassador to Bulgaria, Geoffrey Keating, has stated that Ireland has been affected more by the global financial crisis than Bulgaria.

Business » Finance | May 25, 2009, Monday // 17:01 | Viewed: 2444

Finance Minister: Bulgaria to Overcome Crisis when Germany Recovers

The financial crisis in Bulgaria will be over when Germany starts recovering.

Business » Finance | May 25, 2009, Monday // 11:43 | Viewed: 1696

Finance Minister: Bulgaria Economy to Shrink by 2-3%, No Foreign Aid Needed

Bulgaria's Finance Minister, Plamen Oresharski, predicted Friday that the Bulgarian economy would shrink by between 2% and 3% in 2009.

Business » Finance | May 22, 2009, Friday // 18:24 | Viewed: 2028

Bulgaria PM: Economy Stable Thanks to Currency Board

Bulgaria proved to be better prepared to weather the global crisis in comparison to other European countries due to its stable financial system.

Business » Finance | May 22, 2009, Friday // 15:26 | Viewed: 2023

Bulgaria Cbank Governor Tipped for Another Term

The current governor of Bulgaria's central bank BNB is very likely to spend another six-year-term in office with the support of the ruling majority, it emerged on Friday.

Business » Finance | May 22, 2009, Friday // 12:00 | Viewed: 1356

Bulgaria SMEs to Benefit from EIB EUR 440 M Loan

The European Investment Bank has agreed to extend EUR 440 M to four units of Austria-based Erste Bank to finance loans to small and medium sized companies in Central and Eastern Europe, including Bulgaria.

Business » Finance | May 21, 2009, Thursday // 12:22 | Viewed: 2089

Japan Economy Collapses by 15,2% in Q1 Y/Y

Japan's gross domestic product (GDP) shrunk by15,2% for the first three months of 2009 year-on-year.

Business » Finance | May 20, 2009, Wednesday // 12:20 | Viewed: 1479

Bulgaria Finance Minister Warns against Rash Financial Interventions

The finance minister in Bulgaria's Socialist-led government has admitted to the success of reforms implemented by the right-wingers after the severe economic crisis in Bulgaria in the late 90s.

Business » Finance | May 20, 2009, Wednesday // 11:41 | Viewed: 1683

PM Stanishev to Slovenia President: Bulgaria Needs No Direct Foreign Aid

Bulgaria does not need direct financial support from the international financial institutions.

Business » Finance | May 19, 2009, Tuesday // 18:50 | Viewed: 1754

Bulgaria Has BGN 600 M Budget Surplus

Bulgaria accumulated a BGN 600 M budget surplus for the first four months of 2009.

Business » Finance | May 19, 2009, Tuesday // 14:50 | Viewed: 1286

Finance Minister: Bulgaria Needs 3 Years to Overcome Crisis

Bulgaria Finance Minister, Plamen Oresharski has stated that Bulgaria will need from 2-3 years to overcome the current global financial crisis.

Business » Finance | May 19, 2009, Tuesday // 12:24 | Viewed: 1609

Romania Economy Officially in Recession

The Romanian economy has officially entered a period of recession over the negative effects of the global financial crisis.

Business » Finance | May 18, 2009, Monday // 20:05 | Viewed: 3580

Deputy Economy Minister: Bulgaria Needs No Foreign Help

Currently, Bulgaria does not need international help to deal with the global financial crisis.

Business » Finance | May 18, 2009, Monday // 17:31 | Viewed: 2006

Euro Zone Records EUR 400 M Trade Balance in March 2009

The 16 countries that make up the Euro zone had a positive trade balance of EUR 400 M in March for the first time in almost a year.

Business » Finance | May 18, 2009, Monday // 15:06 | Viewed: 2032

Unicredit Bankers Support Speedy Bulgaria Eurozone Entry

The Chief Economist at Unicredit Group, Marco Annunziata, has stated that Bulgaria should adopt the Euro as soon as possible.

Business » Finance | May 18, 2009, Monday // 09:41 | Viewed: 2649

BIA Chairman: Bulgaria Won't Overcome Financial Crisis Until 2012

Bulgarian Industrial Association (BIA) Chairman, Bozhidar Danev, has stated that Bulgaria will not overcome the negative effects of the global economic crisis until 2012.

Business » Finance | May 18, 2009, Monday // 08:52 | Viewed: 1504

EBRD, UniCredit Bulbank Sign EUR 50 M Loan for Bulgaria SMEs

Bulgaria's UniCredit Bulbank and the European Bank for Reconstruction and Development (EBRD) have sign an agreement for a EUR 50 M credit line, part of its funding for the crisis-hit region.

Business » Finance | May 17, 2009, Sunday // 13:17 | Viewed: 2685
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