July 30th, 2010
Bulgaria aims to halve its budget deficit to 2.5 percent of gross domestic product next year as its economy returns to growth, according to a draft of government midterm fiscal policy plans seen by Reuters on Monday. On Tuesday the government is expected to approve the document, which summarises the Balkan ...
July 29th, 2010
Global rating agency Standard & Poor’s (S&P) has affirmed the stable outlook for Bulgaria’s rating at BBB, Finance Minister Simeon Dyankov said, quoting a report published by the agency on July 26 2010. He highlighted that the confirmation comes after five consecutive downgrades for other European countries. According to the report, "the ...
July 28th, 2010
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 Bulgarian National Bank declared in a statement. The European banking system stress tests were organized according to a decision of ECOFIN and were coordinated by the Committee ...
July 27th, 2010
The Doubletree by Hilton Varna will be the first property of the world-class hotel brand Hilton on the Bulgarian Black Sea coast. It has been announced at a news conference in the Golden Sands resorts that Hilton Worldwide has signed a franchise agreement with Helios Hotels EAD, a wholly-owned subsidiary of ...
July 26th, 2010
George Papandreou, the Greek prime minister, will pay a visit to the Bulgarian capital Sofia on July 27, which is expected to be crucial for the future of the stalled Burgas-Alexandroupolis oil pipeline project, the foreign ministry has announced. “A joint meeting of the governments of Bulgaria and Greece will be ...
July 23rd, 2010
The European Commission spokesperson, Mark Gray, says he is eager to see more progress and the end of the EU Co-operation and Verification Mechanism (CVM) for Bulgaria. Gray spoke in an interview for radio Deutsche Welle Wednesday, just one day after the EC published its annual report on Bulgaria's and Romania's ...
July 22nd, 2010
The once booming Bulgaria property market, which was a genuine hotspot for British holiday homebuyers and property investors up until 2007, may start to grow in popularity once more, following the announcement that more competitive home loans are being made available for overseas buyers. The Bulgaria property market has been struggling ...
July 21st, 2010
The 10 Eastern European nations that have joined the EU since 2004 are seeing economic growth again for the first time since the start of the global financial crisis in 2008, the World Bank said Friday. It said that in the first quarter of 2010, Bulgaria, the Czech Republic, Estonia, Hungary, ...
July 21st, 2010
The leader of the Bulgarian right-wing Democrats for Strong Bulgaria (DSB) party, Ivan Kostov, had informed Prime Minister, Boyko Borisov, and Finance Minister, Simeon Djankov, about his idea for a loan from IMF. Kostov spoke in an interview for the largest Bulgarian private TV channel – bTV, explaining the Bulgarian EU ...
July 20th, 2010
European Union governments said Tuesday that they are close to a deal to set up new financial oversight agencies at the end of the year. The move would have to be a compromise between governments and the European Parliament, which wants to give the new agencies more power to overrule national ...
