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Financial and business news from Bulgaria

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  • Kaufland Bulgaria is donating BGN 10,000 to Bulgarian Food Bank (BHB), the retail chain said on Wednesday. With the funds the company will support the activities of the first and only organization in Bulgaria, which in accordance with all food safety standards collects and stores food products with short shelf life and distributes them to people in need with the help of a network of partner organizations.
    Kaufland donates BGN 10,000 to the food bank
    2020-04-09 04:30:07
    Kaufland Bulgaria is donating BGN 10,000 to Bulgarian Food Bank (BHB), the retail chain said on Wednesday. With the funds the company will support the activities of the first and only organization in Bulgaria, which in accordance with all food safety standards collects and stores food products with short shelf life and distributes them to people in need with the help of a network of partner organizations.
  • World trade is likely to shrink by up to 32 per cent in 2020 due to the pandemic of the new coronavirus, the World Trade Organization (WTO) predicted today, as quoted by France Press and Reuters.
    World trade likely to shrink by up to 32% because of pandemic
    2020-04-09 03:30:18
    World trade is likely to shrink by up to 32 per cent in 2020 due to the pandemic of the new coronavirus, the World Trade Organization (WTO) predicted today, as quoted by France Press and Reuters.
  • In connection with the emergency situation in which we are all placed, we, the members of the Association of Collector Agencies in Bulgaria, declare our common empathy and our willingness to show maximum flexibility by offering an individual solution for each of our clients to ease its bits and at the same time limit the risk of an impervious increase in amounts due, writes on the website of the association.
    Collectors offer an individual solution to the victims of the crisis
    2020-04-09 03:30:04
    In connection with the emergency situation in which we are all placed, we, the members of the Association of Collector Agencies in Bulgaria, declare our common empathy and our willingness to show maximum flexibility by offering an individual solution for each of our clients to ease its bits and at the same time limit the risk of an impervious increase in amounts due, writes on the website of the association.
  • Poland intends to provide up to 100 billion zlotys (nearly $24 billion) of liquid funds for companies to help them cope with the effects of economic constraints imposed because of the coronavirus. This was announced today by Prime Minister Mateusz Morawiecki, quoted by DPA.
    Poland grants $24bn of liquidity for business
    2020-04-09 02:30:04
    Poland intends to provide up to 100 billion zlotys (nearly $24 billion) of liquid funds for companies to help them cope with the effects of economic constraints imposed because of the coronavirus. This was announced today by Prime Minister Mateusz Morawiecki, quoted by DPA.
  • Croatia will need around 70 billion kunas ($10 billion) over the next few months to finance measures to combat the crisis caused by the COVID-19 pandemic, Finance Minister Zdravko Maric said today, as quoted by Reuters.
    Croatia Needs $10 Billion to Deal with Coronavirus Crisis
    2020-04-09 01:30:19
    Croatia will need around 70 billion kunas ($10 billion) over the next few months to finance measures to combat the crisis caused by the COVID-19 pandemic, Finance Minister Zdravko Maric said today, as quoted by Reuters.
  • The retail chains offer to separate farmers' markets with Bulgarian manufacturers in their parking lots. Around this proposal united the Association for Modern Trade and the representatives of the retail chains. This happened during a videoconference call with the Minister of Agriculture, Food and Forestry Desislava Taneva, initiated by the Association for Modern Trade, the press center of the agriministry announced.
    Retail chains offer car parks to native farmers to sell their produce
    2020-04-09 00:30:07
    The retail chains offer to separate farmers' markets with Bulgarian manufacturers in their parking lots. Around this proposal united the Association for Modern Trade and the representatives of the retail chains. This happened during a videoconference call with the Minister of Agriculture, Food and Forestry Desislava Taneva, initiated by the Association for Modern Trade, the press center of the agriministry announced.
  • The European Commission said it was approving a 255m-euro guarantee scheme to support small and medium-sized companies in Bulgaria because of the Covid-19 outbreak, BTA reported.
    EC approves €255m guarantee scheme for small and medium-sized companies in Bulgaria
    2020-04-08 23:30:16
    The European Commission said it was approving a 255m-euro guarantee scheme to support small and medium-sized companies in Bulgaria because of the Covid-19 outbreak, BTA reported.
  • The minimum unemployment benefit, which is now 9 leva per day, should be increased and people who are not entitled to benefits receive food vouchers amounting to at least 60 percent of the minimum wage.
    CNSB proposes an increase in the minimum unemployment benefit
    2020-04-08 21:30:15
    The minimum unemployment benefit, which is now 9 leva per day, should be increased and people who are not entitled to benefits receive food vouchers amounting to at least 60 percent of the minimum wage.