SofiaEcho RSS feed Business

Bulgaria unemployment rate reaches 8.23% in October

Petar Kostadinov — Fri, 06 Nov 2009 14:20:00 +0200

Seven thousand people lost their jobs in October, labour minister says

By the numbers

Alex Bivol — Fri, 06 Nov 2009 10:00:00 +0200

The new Cabinet’s first Budget bill is much-scaled back compared to the bloated 2009 Budget

Long awaited repairs

Zornitsa Markova — Fri, 06 Nov 2009 10:00:00 +0200

Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation

Plotting the course

Alex Bivol — Fri, 06 Nov 2009 10:00:00 +0200

After 100 days in office, Finance Minister Simeon Dyankov pinpoints 10 key issues for Cabinet in ‘the next 100 days’

Looking back in anger

Alex Bivol — Fri, 06 Nov 2009 10:00:00 +0200

Government’s ‘difficult inheritance’ dominates Boiko Borissov’s discourse on reaching 100 days mark

EasyJet offers 30% promotional discount on all destinations

Nick Iliev — Thu, 05 Nov 2009 14:12:00 +0200

Once the promotional tickets are purchased during the discount window, they will be valid for the period January 4–March 30 2010

Mobile operator Globul reports 8.1% revenue drop in Q3

Nick Iliev — Thu, 05 Nov 2009 13:13:00 +0200

Globul has accumulated a profit of 139.1 million euro for the period January – September 2009, or a 0.3 per cent drop as opposed on last year’s results

Bulgaria could raise gambling tax to 15% from January 2010

Dnevnik.bg — Thu, 05 Nov 2009 09:39:00 +0200

Bulgaria’s tax on gambling could be raised to 15 per cent as early as next year, according to a Cabinet plan made public on November 4.

Banks, Government pool efforts to bring down lending rates

Dnevnik.bg — Thu, 05 Nov 2009 09:38:00 +0200

Bulgarian banks will put forward a set of measures for implementation by the Government, designed to improve market conditions and preparing the ground for a long-anticipated cut in lending rates.

Central bank governor: Bulgaria should leave currency board intact

Dnevnik.bg — Wed, 04 Nov 2009 09:53:00 +0200

There should be no modifications or speculations when it comes to the currency board, Bulgarian National Bank governor Ivan Iskrov said.

Bulgaria’s deposit market loses steam in Q3 2009

Dnevnik.bg — Tue, 03 Nov 2009 15:29:00 +0200

The Bulgarian deposit market exhausted its capacity to provide liquidity for local lenders as recession strengthened its grip on the economy, the latest figures from the Bulgarian National Bank showed.

Bulgarian banks write down 1.8B leva as losses in January-September

Dnevnik.bg — Tue, 03 Nov 2009 15:06:00 +0200

Loans written off as losses by Bulgarian banks rose to 1.843 billion leva in the first nine months of this year, central bank figures showed.

Bulgarian Government seeks extension from BDZ’s creditors

Dnevnik.bg — Tue, 03 Nov 2009 15:03:00 +0200

Bulgaria’s Transport Ministry will meet on November 3 with the creditors of state railway carrier BDZ to ask for a grace period until the end of 2010.

Tirista Ltd purchased a ship from Bulyard for $21M

Nick Iliev — Tue, 03 Nov 2009 10:59:00 +0200

Bulyard Shipbuilding Industry EAD is a subsidiary of Bulyard AD, in which Industrial Holding Bulgaria PLC currently holds 61.5 per cent of the voting shares

EBRD: Eastern Europe better off despite crisis

Alex Bivol — Mon, 02 Nov 2009 14:00:00 +0200

Further financial integration crucial for Eastern Europe's, despite the role of closer ties in current crisis, lender says

Bulgarian stock exchange could cancel more than 200 delistings

Dnevnik.bg — Mon, 02 Nov 2009 11:34:00 +0200

The Bulgarian Stock Exchange (BSE) could decide to scrap the planned delisting from the regulated market of about 200 rarely-traded public companies that have more than 800 000 shareholders,

Bulgaria Finance Minister alleges secret fiscal reserve deal

Alex Bivol — Fri, 30 Oct 2009 17:23:00 +0200

Secret agreement between Finance Ministry and central bank put the country's reserve at risk, Finance Minister says.

Fitch Ratings forecasts slow growth for Bulgaria's economy in 2010

Alex Bivol — Fri, 30 Oct 2009 13:52:00 +0200

After shrinking by 5.5 per cent this year, Bulgaria's economy will rebound to post 0.5 per cent growth in 2010 and 3.5 per cent in 2011, Fitch says.

Energoremont Holding Ltd reports rise in profits up to 10M leva

Nick Iliev — Fri, 30 Oct 2009 12:13:00 +0200

The increase in profits came at the back of a quadruple rise in sales, amounting to 111 million leva

Sweden’s EQT buys Bulgaria's CableTel, Eurocom in 200M euro deal

Dnevnik.bg — Fri, 30 Oct 2009 10:30:00 +0200

After completion of the purchase, EQT will merge the two companies, creating Bulgaria’s largest cable TV operator.