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Financial and business news from Bulgaria

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  • China's central bank announced today that it is reducing the amounts small and medium-sized banks should hold as reserves.
    China bails out its economy by $56bn
    2020-04-04 16:30:03
    China's central bank announced today that it is reducing the amounts small and medium-sized banks should hold as reserves.
  • BSP's theory of BGN 10 billion blank cheque has been broken into fluff and powder with simple arithmetic, said GERB MP Alexander Ivanov during the debate on the budget update.
    MEP from GERB broke down BSP's theory of BGN 10 billion blank cheque
    2020-04-04 15:30:16
    BSP's theory of BGN 10 billion blank cheque has been broken into fluff and powder with simple arithmetic, said GERB MP Alexander Ivanov during the debate on the budget update.
  • Within days, a moratorium will be announced on the payment of interest and principal on the loans we have drawn. This was said by the head of the Association of Banks in Bulgaria Petar Andronov on the air of bTV.
    Peter Andronov reported important news about banks and loans, which thousands of Bulgarians expected
    2020-04-04 14:30:17
    Within days, a moratorium will be announced on the payment of interest and principal on the loans we have drawn. This was said by the head of the Association of Banks in Bulgaria Petar Andronov on the air of bTV.
  • Short-term housing company Airbienby lowered its market value estimate by 16 percent to $26 billion, reports in. The Financial Times quoted by Reuters.
    Airbienby's market value fell 16% to $26bn
    2020-04-04 13:30:04
    Short-term housing company Airbienby lowered its market value estimate by 16 percent to $26 billion, reports in. The Financial Times quoted by Reuters.
  • Japan's automotive concern Toyota (Toyota) has decided to halt production at five plants in Japan because of the spread of the coronavirus, Kyodo agency said.
    Toyota suspends five plants in Japan over coronavirus
    2020-04-04 11:30:03
    Japan's automotive concern Toyota (Toyota) has decided to halt production at five plants in Japan because of the spread of the coronavirus, Kyodo agency said.
  • Disney has furloughed much of its US employees, the Wall Street Journal reported. How many people would temporarily be left out of work and how long their unpaid leave would last, was not specified by the company.
    Disney has furloughed much of its US employees
    2020-04-04 10:30:20
    Disney has furloughed much of its US employees, the Wall Street Journal reported. How many people would temporarily be left out of work and how long their unpaid leave would last, was not specified by the company.
  • Retail goods prices in Turkey increased 11.86 percent in March from the same month last year, the Turkish Statistical Institute announced today, Anadolu Agency reported.
    Inflation of 11.86% in March in Turkey
    2020-04-04 09:30:16
    Retail goods prices in Turkey increased 11.86 percent in March from the same month last year, the Turkish Statistical Institute announced today, Anadolu Agency reported.
  • The new debt limit of up to 10 billion leva is not a blank check, said Finance Minister Vladislav Goranov. He presented to the budget committee in parliament the parameters of the budget update. It is set that the limit on the new debt will be increased by BGN 2.2 billion. In order to finance the deficit in the treasury and the increase in the capital of the development bank, BGN 4.2 billion are needed. The remaining amount will be a buffer, Goranov explained, quoted by BNR.
    Goranov: Debt limit up to 10 billion leva is not a blank check
    2020-04-04 08:30:17
    The new debt limit of up to 10 billion leva is not a blank check, said Finance Minister Vladislav Goranov. He presented to the budget committee in parliament the parameters of the budget update. It is set that the limit on the new debt will be increased by BGN 2.2 billion. In order to finance the deficit in the treasury and the increase in the capital of the development bank, BGN 4.2 billion are needed. The remaining amount will be a buffer, Goranov explained, quoted by BNR.