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Financial and business news from Bulgaria

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  • German industrial production is likely to fall sharply in the second quarter, the Ifo Institute (ifo) said today, after its index measuring expectations for developments in this sector reported the biggest decline since its inception in 1991.
    Ifo Institute: Expectations for German industry have dropped record
    2020-04-08 08:30:04
    German industrial production is likely to fall sharply in the second quarter, the Ifo Institute (ifo) said today, after its index measuring expectations for developments in this sector reported the biggest decline since its inception in 1991.
  • Electricity consumption in Bulgaria has so far not been affected by the declared quarantine due to COVID-19. This shows an analysis by the Energy Management Institute.
    Energy consumption in the country so far is not affected by the quarantine due to COVID-19
    2020-04-08 07:30:16
    Electricity consumption in Bulgaria has so far not been affected by the declared quarantine due to COVID-19. This shows an analysis by the Energy Management Institute.
  • Portugal is increasing its credit lines for companies experiencing difficulties over the coronavirus pandemic to a total of 4.2 billion euros, the government said, after the European Commission approved a financial package to support government finances, Reuters reported.
    Portugal increases loans to mitigate coronavirus
    2020-04-08 06:30:08
    Portugal is increasing its credit lines for companies experiencing difficulties over the coronavirus pandemic to a total of 4.2 billion euros, the government said, after the European Commission approved a financial package to support government finances, Reuters reported.
  • Turkey is bringing lemons exports under control amid increased domestic demand in connection with the coronavirus pandemic, reported in. Hurriyet Daily News”, referring to an official announcement published today in the Turkish State Gazette.
    Turkey puts lemons exports under control
    2020-04-08 05:30:16
    Turkey is bringing lemons exports under control amid increased domestic demand in connection with the coronavirus pandemic, reported in. Hurriyet Daily News”, referring to an official announcement published today in the Turkish State Gazette.
  • French airline Air France (Air France) halted cargo flights carrying medical equipment and masks between Paris's Charles de Gaulle airport and Shanghai following tightening of health control measures in China. This was announced today by the airline, quoted by France Press and BTA.
    Air France halted freight flights between Charles de Gaulle airport and Shanghai
    2020-04-08 04:30:18
    French airline Air France (Air France) halted cargo flights carrying medical equipment and masks between Paris's Charles de Gaulle airport and Shanghai following tightening of health control measures in China. This was announced today by the airline, quoted by France Press and BTA.
  • The European Union can now show solidarity by approving the three fiscal measures aimed at minimising the effects of the COVID-19 crisis. This was stated today before talks with his EU colleagues, German Finance Minister Olaf Scholz, quoted by DPA.
    Olaf Scholz: Europe needs a clear signal of solidarity
    2020-04-08 03:30:17
    The European Union can now show solidarity by approving the three fiscal measures aimed at minimising the effects of the COVID-19 crisis. This was stated today before talks with his EU colleagues, German Finance Minister Olaf Scholz, quoted by DPA.
  • Eurogroup President Mariu Centenou said at today's video conference meeting of eurozone finance ministers that the group would discuss the largest in its history plan for the recovery of the economy after the coronavirus pandemic, TASS and France Press reported.
    Eurogroup to discuss large-scale economic recovery plan
    2020-04-08 03:30:04
    Eurogroup President Mariu Centenou said at today's video conference meeting of eurozone finance ministers that the group would discuss the largest in its history plan for the recovery of the economy after the coronavirus pandemic, TASS and France Press reported.
  • Over half of the companies in the machinery sector in France have renewed work, the branch federation announced today, quoted by France Press. However, it expects a significant drop in results for 2020 due to the coronavirus crisis.
    Over half of machine-building plants in France renewed work
    2020-04-08 00:30:16
    Over half of the companies in the machinery sector in France have renewed work, the branch federation announced today, quoted by France Press. However, it expects a significant drop in results for 2020 due to the coronavirus crisis.