The Bulgarian trade sector decreased by 10,1% in February 2009 month on month.
Bulgaria's Prime Minister, Plamen Oresharski, has said the first signals of economic improvements amidst the global crisis could be seen.
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.
Bulgaria's budget surplus decreased by 35% month-on-month in February 2009, reaching BGN 587 M.
Five European member countries have exceeded the maximum budget deficit allowed by the EU.
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.
Moody's Investors Service has affirmed Friday the Baa3 local and foreign currency ratings of the Bulgarian government, saying that the outlook remains stable.
The International Monetary Fund (IMF) has stated that Bulgaria is in a dangerous position because of its reliance on foreign capital.
Bulgarian companies are endangered by the fast increase of corporate obligations, including debts between separate private companies.
The reserve of the Bulgarian National Bank (BNB) fell by EUR 734.7 M in January.
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.
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.
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
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.
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.
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.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan