Financial
Bulgaria Gets Deplorable Amount of FDI in H1 2011
Bulgaria attracted a total of only EUR 7.9 M in foreign direct investment in the first six months of 2011, according to latest data from the Bulgarian National Bank. Comp...
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Financial News from Bulgaria
Bulgarian Financial News: Financial stories for investors from InvestBulgaria, with an archive going back to 2010.
Financial
Financial
Bulgaria to Sue National Bank of Greece for EUR 3 M
Bulgaria's Privatization Agency is set to file a claim against the National Bank of Greece for at least EUR 3 M at the Court of Arbitration in Paris, for failing to pay a...
Financial
Bulgaria's Greek-owned 'UBB' Bank with BGN 64 M Profit in 2010
The United Bulgarian Bank (UBB), which is fully owned by the National Bank of Greece (NBG), has announced a net profit of BGN 63.88 M in 2010. The general assembly of the...
Financial
Bulgarian Banks See Significant Growth in Deposits
Bulgaria's population managed to put aside regular savings over the last year, leading to a sharp increase in the money stashed in bank deposits, official data shows. Bul...
Financial
FinMin: Bulgarians, Mind Own Business, No Worries about Global Markets!
Bulgarians should not be worried because they will not suffer from the effects of international stock market turmoil, according to Finance Minister Simeon Djankov. "There...
Financial
Bulgarian PM: US Debt Crisis Is Warning against Populism
The downgrading of the US credit rating by S&P is a sign the current times are not times for populism, according to Bulgaria's Prime Minister, Boyko Borisov. Borisov made...
Financial
Bulgaria's Budget Deficit Down H1 2011 Y/Y
The Bulgarian Finance Ministry has registered a budget deficit of BGN 650 M for the first half of 2011 or 0.9% of the expected GDP. In 2010, the budget deficit at the end...
Financial
'Father' of Bulgaria's Currency Peg Backs FinMin in Euro Delay
Steve Hanke, the architect of Bulgaria's currency regime and one of the opponents of its Eurozone aspirations says the reason for the good state of the Bulgarian economy...
Financial
Bulgaria MPs Debate Constitution Changes over Proposed Fiscal Pact
The Bulgarian parliament will debate at first reading on Thursday constitutional amendments, proposed by Finance Minister Simeon Djankov, which will pave the way for the...
Financial
Bulgaria Should Follow in Estonia's Footsteps after Moody's Upgrade
Moody's recent upgrade of Bulgaria's debt is the first step towards distinguishing it clearly from the troubled countries in the region, a local expert argues. "This is t...
Financial
Bulgarian FinMin on CNN, BBC: Euro Zone Must Learn from Bulgaria
The euro zone and the rest of the EU should learn from Bulgaria's example as far as strict fiscal stability is concerned, Bulgarian Finance Minister Simeon Djankov has de...
Financial
Moody's Upgrades Bulgaria's Debt Ratings, Praises Sofia's State Finances
Moody's Investors Service has upgraded Bulgaria's government debt ratings to Baa2 with a stable outlook from Baa3 in a long-anticipated review. According to a statement o...
Financial
Bulgaria to Play It Cool on Euro Zone Bid over Debt Crises - FinMin
Bulgaria has not changed its intention to join the euro zone but it does not expect to start specific talks for accession to the ERM-2 before the situation with the euro...
Financial
Bulgaria's Post-Crisis FDI to Stabilize at 5% of GDP
The foreign direct investment that Bulgaria's post-crisis economy will attract per year will stabilize at about 4%-5% of the GDP, according to a forecast of UniCredit Bul...
Financial
Five Banks to Offer Preferential Loans to Bulgarian SMEs under JEREMIE Initiative
Five banks will offer loans on preferential terms to Bulgaria's business sector under the JEREMIE initiative. On July 14, Bulgarian Minister of Economy, Energy and Touris...
Financial
Bulgaria Registers 4.3% Inflation Y/Y in June 2011
The consumer price index (CPI) in Bulgaria in June 2011 compared to May 2011 was 99.1%, meaning the monthly inflation was -0.9%. The data was reported Tuesday by the Nati...
Financial
Bulgarian FinMin Forecasts 6% Economic Growth in Q4 2011
Bulgaria's Finance Minister, Simeon Djankov, forecasts a 6% economic growth for the last quarter of the 2011. In a Monday interview for the Bulgarian daily "Trud" (Labor)...
Financial
BNB Governor Confident about Bulgarian Economy, Banking System
Bulgarian National Bank Governor Ivan Iskrov has expressed confidence about the stability of Bulgaria's banking system and the prospects for Bulgaria's economy despite th...
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