Milen Velchev, Bulgaria"s former finance minister from the centrist government of Simeon Saxe-Coburg, has issued an alert over "the country"s crumbling financial stability"."Bulgaria records a decrease in foreign investments, which is indicative not only of a lack of new investors, but also shows that those already here are shedding their Bulgarian assets," Milen Velchev said at a press briefing o...
Bulgarian Development Bank (BDB) has provided BGN 500 M for funding small and medium-sized enterprises (SME) since its establishment in 2008.The BDB announced Wednesday that the total amount it has granted to commercial banks for loans in order to credit SMEs for turnover and investment purposes has surpassed BGN 0.5 B.Under the existing credit lines, there are still BGN 67.3 M granted from the BD...
Crown Agents, the British company consulting the country"s Customs Agency, has received over BGN 90 M for its services, Finance Minister, Simeon Djankov informs.Djankov spoke Friday in plenary hall where he appeared to answer questions from the Members of the Parliament.The money has been given to the Brits between 2002 and March, 2010.The Minister reiterated once again that Bulgaria will suspend...
Bulgaria"s gross external debt stood at EUR 37.15 B in March, down by 0.2% from the previous month and up 0.8% on an annual basis, a report by the Bulgarian National Bank showed Thursday.The government"s external debt fell by EUR 30.1 M to EUR 2.83 B, which was 8.2% of GDP in March.The increase has been attributed to the Development Policy Loans received from the World Bank in April and June 2009,...
Another roadblock for the market is the absence of a clearing house, with all the risks and guarantees currently borne by the brokerage and its customer. Rabadjiiski said Karoll is already in talks with banks operating on the capital market to team up and kick-start margin trade and short selling....
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