Very bad things happened in the last few months in Europe, which imposed changes in Bulgaria’s fiscal policy, says Deputy Prime Minister and Finance Minister, Simeon Djankov. Speaking in an interview for the TV channel bTV Tuesday morning, Djankov responded to criticism that he had made promises for more funding to different sectors earlier and [...]
Salaries of top politicians in Bulgaria will be frozen at their levels from the end of 2009, according to Prime Minister, Boyko Borisov. The move will be implemented despite the cabinet’s decision to up the minimum monthly wage in Bulgaria in May, 2012 – from BGN 270 to BGN 290. “This is the situation globally; [...]
Bulgaria’s Corporate Commercial Bank continues to hold the biggest share of the money of strategic state-owned companies, a check has shown. “There is no significant change in the data about the banks which serve state-controlled enterprises in comparison with last year,” a high-ranking governmental official told 24 Hours daily, speaking on condition of anonymity. Bulgaria’s [...]
Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, Traicho Traikov, Bulgaria’s Economy Minister, told CNBC on Thursday. “I know now it’s fashionable to predict the end of the monetary union, but I think common sense will still dominate and it is going to survive. Of course, [...]
I cannot see the eurozone risking a second recession, stated Luxembourg PM and Eurozone President Jean-Claude Juncker on an official visit to Bulgaria Wednesday. “The truth is that growth in the eurozone has slowed down, but that is due to external factors and does not warrant a new recession,” said the Eurozone president. He nevertheless [...]
Bulgaria has dropped three places to 74th in a yearly economic competitiveness ranking of the World Economic Forum. The 2011-2012 Global Competitiveness Report (GCR) covers 142 world economies, according to an announcement of the Center for Economic Development, a Bulgarian non-governmental think tank. Bulgaria’s downgrading is due to low scores on goods market efficiency, technological [...]
Bulgaria’s economy performed slightly better in the second quarter than was originally estimated, according to seasonally adjusted data of the National Statistical Institute. Latest NSI data released Tuesday indicated that Bulgaria’s GDP grew by 0.3% in the second quarter of 2011 compared with the first quarter – an improvement compared with the 0.1% growth for [...]
For the last 2 months Bulgaria’s National Revenue Agency has caught up on BGN 80 M of uncollected revenues, according to director Krasimir Stefanov. Up to now, the Agency has registered that it is some BGN 600 M behind in the collection of revenue, compared with values mandated by Bulgaria’s state budget. Speaking for the [...]
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 the sovereign debt crisis in Greece. Speaking at a round table taking place on the sidelines of the “Bank of the Year” ceremony, he emphasized that Bulgaria’s capital adequacy stood at 15.36%, [...]
Societe Generale Expressbank is the winner in this year’s contest for Bulgaria’s “Bank of the Year“, the Bank of the Year Association has announced. Bulgaria’s 14th annual Bank of the Year awards – first started in 1992 – were revealed at a news conference in Sofia on Wednesday in seven different categories, including the big [...]
ICANN CEO and President Rod Beckstrom: It’s Great Bulgaria Cares So Much about Cyrillic Domains
Sir Alex Assuages Berbatov Injury Fears
Bulgarian Christian Orthodox Honor Saint Sava
Bulgarian Food Safety Watchdog Orders 22kg of Spoiled Yellow Cheese Incinerated
Bulgarian Parliament to Vote State Budget 2012 on 2nd Reading
Bulgarian Cabinet Firm on Not Surrendering to Farmers
Poland Favors EU Treaty Change to Rescue Eurozone
