Financial
Bulgaria Ups Its Minimum Wage to BGN 270
Starting Thursday, the minimum monthly wage in Bulgaria grows from BGN 240 to BGN 270 (EUR 137). According to the country's Finance Minister Simeon Djankov, the minimum w...
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Financial News from Bulgaria
Bulgarian Financial News: Financial stories for investors from InvestBulgaria, with an archive going back to 2010.
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Financial
Bulgaria to End Contract with Japan Credit Rating Agency
Bulgaria's Cabinet has authorized Finance Minister Simeon Djankov to terminate the existing contract with the Japan Credit Rating Agency (JCRA). JCRA has been one of the...
Financial
UDF demands the introduction of a fiscal board in Bulgaria
UDF (Union of Democratic Forces) will propose a fiscal board to be introduced in Bulgaria, stated yesterday UDF Chairman Martin Dimitrov after a meeting of the National E...
Financial
Bulgarian Government Vows to Obliterate Budget Deficit by 2013
Bulgaria will have a budget deficit of 2.5% in 2011, and will bring it under 1% in 2013, according to Deputy Finance Minister Vladislav Goranov. Speaking at a public disc...
Financial
The three largest Bulgarian banks to sell 'used-up' assets worth BGN 32.4 mln
The three biggest Bulgarian banks have put up for public sale seized real estates worth BGN 32,449 mln, shows an inspection of Klassa on the websites of the leading finan...
Financial
Bulgaria’s mutual funds assets clear BGN 600m mark
For the first time since end-2009, Bulgarian mutual funds experienced pick-up in the volume of managed assets, posting a 4% rise to BGN 618 million in August. The figure...
Financial
Bulgaria: No Need for IMF Bailout Talks by 2012
Bulgaria's finance minister has assured that the country will have no need to hold talks with the International Monetary Fund over a bailout loan for its ailing economy i...
Financial
ERG Capital funds stir up action on Bulgarian bourse
The first day of September spurred drowsy investors on the Bulgarian Stock Exchange (BSE) into action with a bunch of exciting corporate news. ERG Capital 1 and ERG Capit...
Financial
Bulgarian bourse up, foreign markets bath in blood red
The Bulgarian Stock Exchange (BSE) turned green on Wednesday amid a slight uptick in trading activity. Meanwhile, global markets remained bloody red, not buying promises...
Financial
Latest coin commemorating 125 years of Bulgarian Unification revealed
The mintage of the coin is 5000 pieces. The coin surprised collectors with it sporting a gold plated design, while previous announcements did not hint that such will be a...
Financial
Peter Andronov, Chief Executive Director of CIBANK: Bad and restructured loans in Bulgaria are below 12%
Mr. Andronov, BNB (Bulgarian National Bank) statistics reported that bad loans had marked a dramatic jump to BGN 6.2 bn, or nearly 16% of the total volume of loans in Jul...
Financial
Bulgarian Stock Market Catches Whiff of Optimism
Investor interest in the Bulgarian Stock Exchange (BSE) returned slowly and feebly on Thursday when the benchmark index SOFIX finished almost 1% higher at 387.18 points a...
Financial
Bulgaria's Default Bank Loans Hit 16%
The default bank loans in Bulgaria have reached 16% by the end of July, according to data from Bulgaria’s Central Bank, BNB. The total amount of the so-called bad loans i...
Financial
Ministry of Finance: Fitch Optimistic about Bulgaria
Fitch confirmed its credit rating for Bulgaria and characterized the situation in the country as “stable”, announced the Bulgarian Ministry of Finance Thursday. Fitch Rat...
Financial
Bulgaria Sells State Bonds Big
The Bulgarian National Bank announced a major sale of EUR 61.5 M worth of state bonds, exceeding more than four times the initially planned amount. The average profitabil...
Financial
Bulgaria C-Bank Interest Rate Back to Record Low
The Bulgarian National Bank (BNB) has set the basic interest rate back to its lowest levels since the index was recorded for the first time in 1991. From August 1 2010, t...
Financial
BNB: EU Stress Test Proves Stability of Bulgarian Banks
The European bank groups represented in Bulgaria, which took part part in the pan-European bank stress tests demonstrated stability and high capital adequacy, the Bulgari...
Financial
International Personal Finance Eyes Bulgaria
International Personal Finance Plc, a U.K. lender that makes unsecured loans to low-income households in central and eastern Europe and Mexico, may start operating in Bul...
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