Credit rating agency Standard & Poor"s has confirmed earlier information and lowered the ratings of nine eurozone member countries, including France.All euro zone states have their outlook also moved to negative, except Germany and Slovakia.France has had its credit rating downgraded from AAA to AA+, a move that had been feared for months, but had been dismissed by President Nicolas Sarkozy.Tw...
There is a 40% possibility that the eurozone enters a recession in 2012, commented a representative of credit rating agency Standard & Poor"s Saturday.Late Friday S&P downgraded the credit ratings of 9 euro zone member states, including France, Spain and Italy, and revised the outlooks of all common currency countries except Germany and Slovakia to negative."We forecast that there is a pro...
Many banks in Bulgaria have been quietly imposing new, higher fees, analysts have said without disclosing the names of the financial institutions.With lending at anemic levels and a tangible fall in the income earned on deposits, banks are relying on the quiet creep of existing fees, hoping that consumers will not notice the increase, the experts told Nova TV channel.In their words the first signs...
Bulgaria"s customs have collected BGN 800 M more in revenue for 2011 than for 2010, revealed national Customs Agency head Vany Tanov.Speaking in an interview for the Bulgarian National Radio Sunday, Tanov said the customs had done a fine job for Bulgaria"s budget in 2011 and vowed to keep up the work."The state budget for 2012 previews BGN 1 B more in revenue for the year, and will do everything p...
Domestic consumption has become the main engine of economic growth in Bulgaria is the third quarter of 2011, according to data presented in the monthly macroeconomic analysis of Raiffeisenbank Bulgaria.The third quarter saw a shift in the structure of growth in the Bulgarian economy, with domestic demand now being the most powerful factor, the analysts of Raiffeisenbank Bulgaria said in their repo...
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