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Financial and business news from Bulgaria

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  • Grocery sales in Britain jumped 20.6 percent year-on-year in the four weeks to March 22 as people stocked up before the country declared quarantine because of the coronavirus. Thus, a record month in food sales has been reported in history, according to data published today by market research company Kantar (Kantar), quoted by Reuters.
    Study: Britons have shopped record before quarantine
    2020-04-01 01:30:16
    Grocery sales in Britain jumped 20.6 percent year-on-year in the four weeks to March 22 as people stocked up before the country declared quarantine because of the coronavirus. Thus, a record month in food sales has been reported in history, according to data published today by market research company Kantar (Kantar), quoted by Reuters.
  • The International Monetary Fund (IMF) announced today that its council has approved a new three-year framework for bilateral loan agreements, ensuring that full $1 trillion credit capacity is maintained. The measure was announced at a time when member states are grappling with pressure from the coronavirus outbreak, Reuters reported.
    IMF extends bilateral credit agreements until 2023 including
    2020-04-01 01:30:04
    The International Monetary Fund (IMF) announced today that its council has approved a new three-year framework for bilateral loan agreements, ensuring that full $1 trillion credit capacity is maintained. The measure was announced at a time when member states are grappling with pressure from the coronavirus outbreak, Reuters reported.
  • “In a country, when you have a 10% profit tax, you can allocate more funds for investment. Our government was able to give us that breath. We at CRIB are very active in negotiating with the government, we fully support it. We in big business don't need it, but small businesses - hotels, trade, which rely entirely on support, need it. This was stated by the Deputy Chairman of KRIB Nikolay Valkanov, reported Nova TV.
    KRIB: Changes to the State of Emergency Act save small businesses
    2020-04-01 00:30:05
    “In a country, when you have a 10% profit tax, you can allocate more funds for investment. Our government was able to give us that breath. We at CRIB are very active in negotiating with the government, we fully support it. We in big business don't need it, but small businesses - hotels, trade, which rely entirely on support, need it. This was stated by the Deputy Chairman of KRIB Nikolay Valkanov, reported Nova TV.
  • The Northern Investment Bank (BNI) raised 1 billion euros in markets in an unprecedented operation in Europe, launching a special bond issue dedicated to fighting the coronavirus. This was announced by “Bae En Pe Paribas” (BNP Paribas), which is one of the pilot banks in this operation, as quoted by France Press.
    Northern Investment Bank raised €1bn to fight coronavirus
    2020-03-31 22:30:17
    The Northern Investment Bank (BNI) raised 1 billion euros in markets in an unprecedented operation in Europe, launching a special bond issue dedicated to fighting the coronavirus. This was announced by “Bae En Pe Paribas” (BNP Paribas), which is one of the pilot banks in this operation, as quoted by France Press.
  • We haven't discussed a change in pension legislation. This assured Finance Minister Vladislav Goranov.
    Here's what will happen to pensions from July 1st in the midst of the pandemic
    2020-03-31 18:30:03
    We haven't discussed a change in pension legislation. This assured Finance Minister Vladislav Goranov.
  • At a meeting of the ICJ we adopted a Decree setting out the terms and conditions for payment of compensation to employers in order to preserve the employment of employees under the emergency situation. This is what Prime Minister Boyko Borisov wrote in his social network profile.
    Borisov announces important financial news
    2020-03-31 17:30:15
    At a meeting of the ICJ we adopted a Decree setting out the terms and conditions for payment of compensation to employers in order to preserve the employment of employees under the emergency situation. This is what Prime Minister Boyko Borisov wrote in his social network profile.
  • Such economic measures as 60/40 are being considered in many European countries and similar measures were used in a previous crisis in 2008, so this is not new.
    Economist Bogdanov with a brilliant explanation of the measure 60/40
    2020-03-31 16:30:03
    Such economic measures as 60/40 are being considered in many European countries and similar measures were used in a previous crisis in 2008, so this is not new.
  • Mobile operator Vivacom and its buyer United Group (United Group) donate BGN 900,000 to the Ministry of Health to control the spread of coronavirus in Bulgaria, the telecom said on Monday.
    VIVACOM and United Group donate BGN 900,000 to the Ministry of Health for dealing with COVID-19
    2020-03-31 15:30:17
    Mobile operator Vivacom and its buyer United Group (United Group) donate BGN 900,000 to the Ministry of Health to control the spread of coronavirus in Bulgaria, the telecom said on Monday.