Bulgaria unemployment rate reaches 8.23% in October
Seven thousand people lost their jobs in October, labour minister says
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Sun, Nov 22 2009
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By the numbers
The new Cabinet’s first Budget bill is much-scaled back compared to the bloated 2009 Budget
Looking back in anger
Government’s ‘difficult inheritance’ dominates Boiko Borissov’s discourse on reaching 100 days mark
Plotting the course
After 100 days in office, Finance Minister Simeon Dyankov pinpoints 10 key issues for Cabinet in ‘the next 100 days’
Long awaited repairs
Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation
EasyJet offers 30% promotional discount on all destinations
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
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
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
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
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
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
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
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
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
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
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
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
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
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
After completion of the purchase, EQT will merge the two companies, creating Bulgaria’s largest cable TV operator.
Russia's Rosatom still interested in Belene - report
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
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
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 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
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
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