Finance

Bulgaria’s Finance Minister Forecasts Rising Tax Revenue »

The Bulgarian state will see its tax revenue rise starting in March, according to the forecast of Finance Minister Simeon Djankov. Djankov has explained that in November 2009-February 2010 the Bulgarian economy hit rock bottom, which led to a drop in tax revenue, the Pari Daily...

Bulgarian Minister Accepts Lyulin Highway 20% Price Hike »

Bulgaria Minister of Regional Development Rosen Plevneliev has accepted that the price of the Lyulin Highway construction project will have to be increased. Plevneliev estimated that “the increase in the cost of the Lyulin highway will be about 15-20%. We are fighting for every Lev,” he...

Bulgaria to Record Zero Growth in 2010 – Think-Tank »

Most countries in Central, East and Southeast Europe have emerged from the trough of the crisis already but growth will be slower than in the pre-crisis period, a think tank says. Bulgaria is expected to record zero percent economic growth in 2010, the Vienna institute for...

Fitch Assigns Ratings to Bulgarian Development Bank »

Fitch Ratings has assigned the Bulgarian Development Bank (BDB) a long-term foreign-currency issuer default rating (IDR) of ‘BBB-’, a short-term foreign currency IDR of ‘F3′, individual rating ‘D’, support rating ‘2′ and a support rating floor of ‘BBB-’. The Outlook for the Long-Term IDR is Negative. The...