Bulgaria is beautiful small country situated in south-eastern Europe. Learn more about Administrative Territorial Division of Bulgaria - regions, districts, municipalities, cities and villages. Information about Bulgaria
[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] >> Finances: Minister of finances comments interest rates on loans during visit to Vratsa Town of Vratsa >> Friday, 2009-11-13 11:09 Source: StandartNews " I expect interest rates on loans in Bulgaria to nosedive very soon ," Finance Minister Simeon Dyankov declared during his visit to the town of Vratsa . According to No.1 Financier, the downward trend in interest rates has been traceable as of September 20. There are three basic conditions that predetermine it - cheaper cash flows, more viable export markets and higher internal demand, the Minister explained. In one-third of the Bulgarian economy export markets have been picking up within the last two...
Finances: Italian company clinched leasing for wind farm in Kavarna Town of Kavarna >> Friday, 2009-11-13 01:51 Source: Focus Agency Italian company Leitner Technologies, building the wind farm in Kavarna, has clinched a deal with UniCredit Leasing, by virtue of which the latter would provide the funding to the project. The financing agreement worth some EUR 12 million covered 100% of the project value, said UniCredit Leasing`s CEO Birgit Zoettl
Finances: Latvian bank opens branch in Varna City of Varna >> Friday, 2009-11-13 00:01 Source: Dnevnik.bg Latvia`s Regionala Investiciju Banka has set up a Bulgarian branch, opening its flagship office in the Black Sea city of Varna . The Bulgarian National Bank ( BNB ) told Dnevnik the branch kicked off effective banking operations on the market on October 1, 2009 after signing with the trade registry at the Registry Agency on September 16, 2008. Manager of the branch is Krasen Kostov. The new market player comes after in the summer Romanian lender Bank Leumi, a unit of Israeli Bank Leumi, ditched the B...
Finances: Bulgaria going to apply to the ERM-2 Bulgaria >> Thursday, 2009-11-12 10:00 Source: Bloomberg Bulgaria will apply early next year to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption, and seek to switch to the common currency in 2013, Finance Minister Simeon Dyankov said. " We are going to apply to the ERM-2 as soon as possible, within a few months ," Dyankov said in an interview in Brussels. " To do that, we need to show Europe and the world that we can have the best fiscal discipline, the best fiscal outcome for 2009 in all of the European Union ." J... Finances: Losses of Bulgarian banks will reach about BGN 3.7 bn Bulgaria >> Tuesday, 2009-11-10 20:20 Source: klassa.bg The losses of the Bulgarian banking sector, as a result of written off of assets, due to the recession, will reach about BGN 3.7 bn, or approximately 6 % of GDP 2008, according to UniCredit Group `s latest survey on the banking sector development in Central and Eastern Europe (CEE). According to Kristofor Pavlov, who presented yesterday part of the analysis focused on the Bulgarian banking sector , these losses would be absorbed in a period of three years, starting from 2009, as the burden of written of...
Finances: Banks asks BNB to reduce the rate of the mandatory minimum financial reserves Bulgaria >> Tuesday, 2009-11-10 01:00 Source: StandartNews The commercial banks are preparing to request financial aid from the Bulgarian National Bank . During talks with finance minister Dyankov on Wednesday, representatives of the banking sector will ask the national bank to reduce the rate of the mandatory minimum reserves, so as to ease the pressure on commercial banks . The reason lies in PM Borissov and Vice-PM Dyankov`s appeal to the banks to decrease the bank interests. The condition that the banks should make 10 concrete proposals for cheaper cred... Finances: Lowest basic interest rate since 1991 Bulgaria >> Monday, 2009-11-02 03:00 Source: Darik Radio The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991. From November 1 2009, the basic interest rate has been set at 0.61%, which is down by 0.85 percentage points compared to the previous month. This is the first time that the basic interest rate falls under 1%. The interest rate decrease is part of a continued trend that started at the beginning of the year from levels at 5.17%. The sharpest dip in the basic interest rate...
Finances: Postbank grants BGN 300,000 to pupils and students Bulgaria >> Friday, 2009-10-09 01:00 Source: Dnevnik.bg Postbank, the Bulgarian unit of Greece`s Eurobank EFG, said on Thursday it has dished out north of BGN 300,000 in grants to pupils and students as part of its Strong Start programme aimed at promoting education. More than 715 people have benefitted from the scholarships. Yesterday the bank handed out cheques of BGN 550 each to 29 eight-grade school children who passed their foreign language exams.
Finances: Prices of alcoholic drinks and cigarettes in Bulgaria will be increased Bulgaria >> Wednesday, 2009-10-07 01:00 Source: StandartNews Alcoholic drinks and cigarettes will cost near 50 % more as of 2010. The excise duty to be raised by 15%, finance minister Simeon Djankov proposed. The change would affect home made rakiya (typical Bulgarian drink) as well. The higher tax would lower the budget revenues and the people will get sick drinking self made alcohol, manufacturers opposed. Finances: BG base interest rate down to 1.46% for October Bulgaria >> Thursday, 2009-10-01 10:01 Source: Econ.bg Pursuant to Art. 35 of the Law on the Bulgarian National Bank, the BNB announces, as of 1 October 2009, a base interest rate (simple per annum interest) of 1.46 %. Last mount the base interest rate was 1.57 %. The base interest rate effective from the first day of each calendar month shall be equal to the arithmetic average of the values of the LEONIA index (Lev OverNight Index Average, a reference index of the concluded and executed transactions in overnight deposits in Bulgarian levs) for the business...
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