Business » Finance

Bulgaria Trade Records 10,1% February Decrease

The Bulgarian trade sector decreased by 10,1% in February 2009 month on month.

Business » Finance | April 10, 2009, Friday // 13:40 | Viewed: 1734

Bulgaria Says No Need to Speed up Euro Adoption

Bulgaria's finance minister has taken a stance against the immediate introduction of the euro, saying this would have no significant economic impact.

Business » Finance | April 9, 2009, Thursday // 11:08 | Viewed: 1881

IMF Calls on Eastern EU to Adopt Euro

European Union states in central and eastern Europe should consider scrapping their currencies in favour of the euro even without formally joining the eurozone,

Business » Finance | April 6, 2009, Monday // 11:22 | Viewed: 1685

Bulgarian Bank Governor Attacks Foreign Media

Ivan Iskrov, the Governor of the Bulgarian National Bank (BNB), has launched an attack on foreign institutions criticizing Bulgaria's financial position.

Business » Finance | April 6, 2009, Monday // 08:42 | Viewed: 1879

Bulgaria Finance Minister Sees First Signals of Economic Recovery

Bulgaria's Prime Minister, Plamen Oresharski, has said the first signals of economic improvements amidst the global crisis could be seen.

Business » Finance | April 4, 2009, Saturday // 18:12 | Viewed: 2244

ECB Reduces Rates to 1.25%

The European Central Bank (ECB) has cut interest rates in the eurozone to a record low of 1.25% from 1.5%.

Business » Finance | April 2, 2009, Thursday // 15:20 | Viewed: 1513

Bulgaria Finance Minister Unruffled over Drop in Surplus

Bulgaria's Finance Minister Plamen Oresharski has tried to assuage fears over the slide in the budget surplus and the rise in total fiscal spending recorded in February.

Business » Finance | April 2, 2009, Thursday // 13:57 | Viewed: 1400

Bulgaria Budget Surplus Falls by 35% in February 2009

Bulgaria's budget surplus decreased by 35% month-on-month in February 2009, reaching BGN 587 M.

Business » Finance | April 1, 2009, Wednesday // 11:02 | Viewed: 1387

Five EU Countries with Higher than Allowed Budget Deficit

Five European member countries have exceeded the maximum budget deficit allowed by the EU.

Business » Finance | March 30, 2009, Monday // 14:27 | Viewed: 3123

Bulgaria Unpaid Credit Installments Soar over Financial Crisis

The Bulgarian National Bank (BNB) has estimated that up until the end of February 2009, the number of unpaid credit installments soared 116,8 % year on year.

Business » Finance | March 26, 2009, Thursday // 08:56 | Viewed: 2396

Capital Economics: Bulgaria Will Ask for IMF Loan

Bulgaria is likely to soon ask for an IMF loan following its neighbor Romania, according to a report by UK based Capital Economics Ltd..

Business » Finance | March 24, 2009, Tuesday // 12:37 | Viewed: 10985

Moody's: Bulgaria Economy Stable, 2009 Recession Expected

Moody's Investors Service has affirmed Friday the Baa3 local and foreign currency ratings of the Bulgarian government, saying that the outlook remains stable.

Business » Finance | March 20, 2009, Friday // 18:10 | Viewed: 6259

IMF Report: Foreign Capital Reliance Leaves Bulgaria Vulnerable

The International Monetary Fund (IMF) has stated that Bulgaria is in a dangerous position because of its reliance on foreign capital.

Business » Finance | March 18, 2009, Wednesday // 08:28 | Viewed: 3282

Bulgaria Business Endangered by Mounting Corporate Debt

Bulgarian companies are endangered by the fast increase of corporate obligations, including debts between separate private companies.

Business » Finance | March 17, 2009, Tuesday // 16:10 | Viewed: 1643

Bulgarian National Bank Reserve Moved to Foreign Vaults

The reserve of the Bulgarian National Bank (BNB) fell by EUR 734.7 M in January.

Business » Finance | March 14, 2009, Saturday // 11:02 | Viewed: 2126

Foreign Investment in Bulgaria Decreases Dramatically - Report

Direct foreign investments in January 2009 have decreased by 37% compared to January 2009, falling to EUR 206,2 M (0,6% of GDP), preliminary reports showed. In January 2008 the foreign investments were 1% of GDP or EUR 168 M.

Business » Finance | March 13, 2009, Friday // 16:20 | Viewed: 2558

Bulgaria's Feb CPI Up 0.1% m/m, 6% y/y

Bulgaria's consumer prices index rose by a preliminary 0.1% month-on-month in February, compared to a 0.8% growth in the previous month, the National Statistical Institute (NSI) said on Thursday.

Business » Finance | March 12, 2009, Thursday // 13:39 | Viewed: 1469

EBRD President to Visit Bulgaria, Romania

EBRD President Thomas Mirow will visit Bulgaria and Romania in the week commencing March 16, the bank announced. The trip is expected to underscore the EBRD's commitment to both these countries, in the longer term, and especially during this period of

Business » Finance | March 12, 2009, Thursday // 12:44 | Viewed: 1629

EBRD Head: Eastern Europe to Avoid Debt Default

Eastern European economies will avoid debt defaults and "bounce back strongly" after the global financial crisis, said Thomas Mirow, president of the European Bank for Reconstruction and Development, cited by Bloomberg news agency.

Business » Finance | March 11, 2009, Wednesday // 17:27 | Viewed: 1820

Bulgarian Export Trade with EU Countries Flourishes in 2008

The latest statistics regarding exports of goods from Bulgaria for 2008 have been released by the National Statistical Institute. They show that roughly 60% of Bulgaria's exports head to other EU countries.

Business » Finance | March 11, 2009, Wednesday // 17:03 | Viewed: 2510

Newsweek: Crisis in Europe to Trigger New Migrant Wave from Bulgaria, Romania

New waves of migrants from countries like Bulgaria, Romania and Ukraine can be expected as a reaction should the West close markets and shut off capital flows, wrote the US based Newsweek.

Business » Finance | March 10, 2009, Tuesday // 00:00 | Viewed: 1527
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