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Bulgaria’s deposit market loses steam in Q3 2009

Bulgaria’s deposit market loses steam in Q3 2009

Nov 03 2009 15:29 CET by Dnevnik.bg

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

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

Nov 03 2009 15:06 CET by Dnevnik.bg 1 comment

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

Bulgarian Government seeks extension from BDZ’s creditors

Nov 03 2009 15:03 CET by Dnevnik.bg

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

Tirista Ltd purchased a ship from Bulyard for $21M

Nov 03 2009 10:59 CET by Nick Iliev

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

EBRD: Eastern Europe better off despite crisis

Nov 02 2009 14:00 CET by Alex Bivol 1 comment

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

Bulgarian stock exchange could cancel more than 200 delistings

Nov 02 2009 11:34 CET by Dnevnik.bg

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

Bulgaria Finance Minister alleges secret fiscal reserve deal

Oct 30 2009 17:23 CET by Alex Bivol

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

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

Oct 30 2009 13:52 CET by Alex Bivol

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

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

Oct 30 2009 12:13 CET by Nick Iliev

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

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

Oct 30 2009 10:30 CET by Dnevnik.bg

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

Thin crust

Thin crust

Oct 30 2009 10:00 CET by Clive Leviev-Sawyer

Bulgaria’s Cabinet has approved Budget 2010

What to do with the euro?

What to do with the euro?

Oct 30 2009 10:00 CET by Georgi Angelov 2 comments

Accepting Bulgaria into the eurozone is the best alternative for the EU

Death knell?

Death knell?

Oct 30 2009 10:00 CET by Alex Bivol

Are Bulgaria’s three major energy projects with Russia about to be scrapped?

Cast your net wide

Cast your net wide

Oct 30 2009 09:59 CET by Les Nemethy

Should a competitive process be used to sell your company?

Make your pick

Make your pick

Oct 30 2009 09:59 CET by Miroslava Kostadinova

Searching for a PR agency: expensive procedure or useful and rewarding experience?

Russia's Rosatom still interested in Belene - report

Russia's Rosatom still interested in Belene - report

Oct 29 2009 13:02 CET by Alex Bivol 2 comments

Russian corporation unfazed by RWE's decision to pull out of Belene and the expected 12 to 18 months delay in the project, Vedomosti daily says.

Bulgarian water bottler Gorna Banya sold to Armenians for 25M euro

Bulgarian water bottler Gorna Banya sold to Armenians for 25M euro

Oct 29 2009 10:46 CET by Dnevnik.bg 1 comment

Gagik Tsarukyan is the owner of Armenia-based company Multi Group Concern. Local media describe him as an influential politician and businessman. A former wrestler, boxer and arm wrestler, he has a holding company that comprises construction, telecommunications, transportation, and food businesses, among others.

Bulgarian banks top by asset growth in CEE

Bulgarian banks top by asset growth in CEE

Oct 29 2009 10:36 CET by Dnevnik.bg

Banks in Bulgaria, Hungary and Slovakia achieved the fastest growth in assets among their peers in Central and Eastern Europe in 2009, according to a survey by global research outfit Research and Markets.

Bulgaria's business climate darkens again

Bulgaria's business climate darkens again

Oct 29 2009 10:22 CET by Dnevnik.bg

Bulgaria's business confidence index slumped for another consecutive month in October 2009, when the business climate index shed 1.3 percentage points from September, the National Statistics Institute (NSI) said

Golden Sands resort unveils 55 per cent drop in receipts for nine months in 2009

Golden Sands resort unveils 55 per cent drop in receipts for nine months in 2009

Oct 28 2009 16:12 CET by Nick Iliev 7 comments

Net profits for the period January-September have undergone a 94 per cent collapse, down to 818 000 leva, as opposed to the net profit generated in 2008, amounting to 13.8 million

Germany's RWE pulls out of Bulgaria's Belene nuclear plant project

Germany's RWE pulls out of Bulgaria's Belene nuclear plant project

Oct 28 2009 13:59 CET by Petar Kostadinov

The world economic downturn and problems with the project's execution cited as the reasons.

Central European Media Enterprises reports increase in losses

Central European Media Enterprises reports increase in losses

Oct 27 2009 15:59 CET by Nick Iliev

CME is the owner of the Bulgarian based PRO.BG and Ring.BG television channels.

Neochim declares 86.8 per cent drop of revenue for 2009 - report

Neochim declares 86.8 per cent drop of revenue for 2009 - report

Oct 27 2009 12:25 CET by Nick Iliev 1 comment

In the first nine months of 2009, Neochim declared revenue worth 61.3 million leva, or a decrease of 76.5 per cent on an annual basis.

Bulgaria might get more compensation for shutting down reactors at Kozloduy NPP, media report says

Bulgaria might get more compensation for shutting down reactors at Kozloduy NPP, media report says

Oct 27 2009 10:32 CET by Dnevnik.bg

Over the past 10 years, Bulgaria has received 550 million euro to decommission and dismantle reactors one to four of the nuke facility

Employers back draft Budget 2010, trade unions warn of strikes

Employers back draft Budget 2010, trade unions warn of strikes

Oct 27 2009 10:13 CET by Dnevnik.bg

The draft Budget will have to be tabled in Parliament by the end of October 2009.

Water consumption in Sofia down

Water consumption in Sofia down

Oct 27 2009 10:01 CET by Dnevnik.bg

Decrease ascribed to Sofians’ efforts to cut down on bills and the new, more water-efficient appliances making their way into homes.

Bulgaria's Cabinet to debate increasing road tax vignettes

Bulgaria's Cabinet to debate increasing road tax vignettes

Oct 27 2009 09:51 CET by Dnevnik.bg 1 comment

The money raised will be used for road repairs Regional Development Minister says

Raiffesenbank Bulgaria fined 5.58M leva for misleading ads

Raiffesenbank Bulgaria fined 5.58M leva for misleading ads

Oct 26 2009 13:46 CET by Alex Bivol 1 comment

Bulgaria's competition watchdog said on October 26 that it fined Raiffeisenbank Bulgaria 5.58 million leva for misleading advertising of loan terms.

Bulgaria among fastest growing mobile phone markets – UNCTAD

Bulgaria among fastest growing mobile phone markets – UNCTAD

Oct 26 2009 12:28 CET by Dnevnik.bg

Information Economy Report of the United Nations Conference on Trade and Development records fast mobile use growth, lagging internet use.

Lending in Bulgaria picks up as bad loans hit new high in September

Lending in Bulgaria picks up as bad loans hit new high in September

Oct 26 2009 11:52 CET by Dnevnik.bg

Lending in Bulgaria gained momentum in September 2009, recovering to the growth rate posted year ago, according to the latest figures from the Bulgarian National Bank.

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