Business » Finance

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: 2226

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: 1505

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: 1395

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: 1380

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: 3106

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: 2389

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: 10820

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: 6191

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: 3268

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: 1634

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: 2105

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: 2550

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: 1462

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: 1619

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: 1814

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: 2505

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: 1525

Global Economic and Financial Crisis Will Hit Bulgaria - Expert

Bulgaria is among the European countries which will eventually be hit by the global economic and financial crisis, experts from the consultancy RGE Monitoring stated. "The whole Eastern Europe region is a risky, and very dangerous place", Mary Stokes,

Business » Finance | March 10, 2009, Tuesday // 00:00 | Viewed: 2290

Euro Set to Take Over from Lev as Main Bulgarian Loan Currency

The euro has started taking over from the lev, as the main currency preferred by Bulgarian businesses and property owners, data shows. Bulgarian National Bank (BNB) figures released for January 2009 showed a huge rise in euro denominated loan portfolio

Business » Finance | March 10, 2009, Tuesday // 00:00 | Viewed: 3142

World Bank: Global Trade to Hit 80-Year Low in 2009

The World Bank warned the global economy will shrink this year for the first time since World War II, and sees trade at its lowest point in 80 years.

Business » Finance | March 9, 2009, Monday // 00:00 | Viewed: 1181

Durex Maker Expands in Eastern Europe

SSL International Plc, the manufacturer of Durex condoms, will boost its presence in eastern Europe just as the region's economic meltdown turns investors away, Chief Executive Officer Garry Watts announced, as cited by Bloomberg agency.

Business » Finance | March 6, 2009, Friday // 00:00 | Viewed: 1507
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