Business » Finance

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: 2687

World Bank OKs New USD 200 M Loan for Bulgaria

The World Bank's Board of Executive Directors has approved a USD 200 M loan to Bulgaria to support the country's reforms in the social sectors to modernize the education system, improve the financing of health services and create more and better jobs.

Business » Finance | May 17, 2009, Sunday // 12:06 | Viewed: 1836

National Bank Hopeful for Positive Foreign Impact on Bulgarian Economy

The Bulgarian National Bank (BNB) is hopeful that in the second quarter of 2009 the international environment will affect Bulgaria's economy in a positive way.

Business » Finance | May 16, 2009, Saturday // 16:48 | Viewed: 2352

Serbia to Get EUR 2,9 B from IMF

The International Monetary Fund (IMF) has approved a standby agreement with Serbia for EUR 2,9 B.

Business » Finance | May 16, 2009, Saturday // 14:18 | Viewed: 1766

World Bank: Global Financial Crisis Opportunity for Bulgaria

The global financial crisis is an opportunity for Bulgaria to develop new projects, particularly in infrastructure.

Business » Finance | May 16, 2009, Saturday // 13:56 | Viewed: 2099

Bulgaria Sticks to Currency Peg until Euro Zone Acceptance

The Bulgarian currency board linking the BGN to the EUR will remain in place until the country gains accession to the single currency.

Business » Finance | May 16, 2009, Saturday // 12:36 | Viewed: 5597

IMF Head: Worst Is Behind Us

The head of the International Monetary Fund, Dominique Strauss-Khan, said Friday that "the worse of the economic crisis is probably behind us".

Business » Finance | May 15, 2009, Friday // 18:02 | Viewed: 1788

Fitch: Bulgaria, Croatia to Ask for IMF Help

Bulgaria and Croatia are likely to ask for an emergency financial help the International Monetary Fund (IMF) over the negative effects of the global financial crisis.

Business » Finance | May 15, 2009, Friday // 13:07 | Viewed: 1867

German Economy Shrinks by 3,8% January-March 2009

Germany's gross domestic product (GDP) has dramatically decreased by 3,8% in the first three months of 2009 compared to the last quarter of 2008.

Business » Finance | May 15, 2009, Friday // 12:46 | Viewed: 1812

Bulgaria C/A Deficit Shrinks Further by 45% in Q1 2009

Bulgaria's current account deficit continues to shrink and stood at EUR 1,078 B or 3,2 % of the expected GDP in the first quarter of 2009 year-upon-year, data showed on Friday.

Business » Finance | May 15, 2009, Friday // 12:28 | Viewed: 1428

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, statistics office data showed on Friday.

Business » Finance | May 15, 2009, Friday // 11:48 | Viewed: 2155

Bulgaria Parliament Passes New Bank Deposit Law

Bulgaria's Parliament has voted through the changes to the law on guaranteeing bank deposits.

Business » Finance | May 14, 2009, Thursday // 11:14 | Viewed: 3095

Bulgaria Economy Minister Hopes for Europe Crisis Recovery

Petar Dimitrov, Bulgaria's Minister of Economy and Energy, has stated that Bulgaria's economy will not improve until the rest of Europe shows signs of recovery.

Business » Finance | May 14, 2009, Thursday // 09:03 | Viewed: 1623

IMF Revises Bulgaria Debt Estimate after Serious Mistake

The International Monetary Fund (IMF) has revised its estimates of short-term debt refinancing needs for Bulgaria after admitting making a serious mistake.

Business » Finance | May 13, 2009, Wednesday // 19:46 | Viewed: 3456

Bulgaria April Inflation Eases to 4,8% y/y

Bulgarian consumer price inflation slowed to 4,8% year-on-year in April, mainly due to a drop in food prices and services, statistics office data showed on Wednesday.

Business » Finance | May 13, 2009, Wednesday // 12:08 | Viewed: 1355

EBRD: Bulgaria Faces Two Years of Recession

The European Bank for Reconstruction and Development (EBRD) became the latest addition to the club of institutions forecasting a contraction of Bulgaria's economy in 2009.

Business » Finance | May 8, 2009, Friday // 11:45 | Viewed: 1584

Bulgarian Stocks Shoot up at Open

The Bulgarian stock market indices rebounded at the start of trading on Thursday in line with a rise on Europe's leading stock markets.

Business » Finance | May 7, 2009, Thursday // 13:14 | Viewed: 1601

EBRD Oks EUR 50 M Loan for Bulgaria SMEs

The Bulgarian UniCredit Bulbank has secured a EUR 50 M credit line from the European Bank for Reconstruction and Development (EBRD) as part of its funding for the crisis-hit region.

Business » Finance | May 7, 2009, Thursday // 12:37 | Viewed: 1450

IMF Corrects Embarrassing East Europe Error

The International Monetary Fund has corrected an embarrassing error that led to the publication of exaggerated estimates of the external debt levels of crisis-hit eastern European states, the Financial Times reported.

Business » Finance | May 7, 2009, Thursday // 11:53 | Viewed: 1636

Bulgaria Currency Board Architect Voices Corruption Fears

Steve Hanke, the architect of Bulgaria's currency board, has stated that corruption is still the country's biggest problem.

Business » Finance | May 5, 2009, Tuesday // 18:19 | Viewed: 2392
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