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Financial and business news from Bulgaria

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  • The White House and Senate have reached agreement on the $2 trillion plan to mitigate the economic effect of the coronavirus in the United States, Reuters and France Press reported. This was reported by the BTA.
    White House and Senate agree on economic stimulus plan
    2020-03-26 13:30:03
    The White House and Senate have reached agreement on the $2 trillion plan to mitigate the economic effect of the coronavirus in the United States, Reuters and France Press reported. This was reported by the BTA.
  • The main scenario in Greece is for a gradual repeal of the restrictive measures since the end of April, the newspaper Kathimerini writes. According to the publication, the country is in the hoop of restrictions of unknown duration, but they are unlikely to be cancelled before the end of next month.
    Greece expects easing of restrictions as early as late April
    2020-03-26 12:30:17
    The main scenario in Greece is for a gradual repeal of the restrictive measures since the end of April, the newspaper Kathimerini writes. According to the publication, the country is in the hoop of restrictions of unknown duration, but they are unlikely to be cancelled before the end of next month.
  • Since yesterday, the implementation of economic support measures for companies and households affected by the new coronavirus pandemic began in Greece, Kathimerini reports. In a special electronic platform, workers whose employment contracts have been temporarily terminated submit declarations for assistance of EUR 800.
    In Greece, economic support measures are already being implemented because of Covid-19
    2020-03-26 11:30:19
    Since yesterday, the implementation of economic support measures for companies and households affected by the new coronavirus pandemic began in Greece, Kathimerini reports. In a special electronic platform, workers whose employment contracts have been temporarily terminated submit declarations for assistance of EUR 800.
  • The 60-40 measure will not work for small businesses because it is currently not working and it will be so for months, Richard Alibegov, president of the Association of Establishments in Bulgaria, told BBC VV. Thus, he commented on the government's proposal to take over 60% of the salaries of employees in proven companies, so as not to be made redundant. The condition is for the remaining 40% to be borne by employers.
    Alibegov: 60 to 40 measure won't work for establishments
    2020-03-26 11:30:06
    The 60-40 measure will not work for small businesses because it is currently not working and it will be so for months, Richard Alibegov, president of the Association of Establishments in Bulgaria, told BBC VV. Thus, he commented on the government's proposal to take over 60% of the salaries of employees in proven companies, so as not to be made redundant. The condition is for the remaining 40% to be borne by employers.
  • Chinese telecom operator Chyna Unicom said Monday its net profit reported 11 percent growth in 2019, despite a slight drop in revenue amid fierce competition in the sector, Radio China reports.
    Chyna Unicom reported 11 per cent profit growth despite lower earnings
    2020-03-26 10:30:17
    Chinese telecom operator Chyna Unicom said Monday its net profit reported 11 percent growth in 2019, despite a slight drop in revenue amid fierce competition in the sector, Radio China reports.
  • The license of the bookmaker Eurofootball Ltd will be revoked today by the State Gambling Commission, the company said. The meeting is from 11 o'clock and has only two points relating to the license of “Eurofootball”.
    They take the license of “Eurofootball”
    2020-03-26 09:30:05
    The license of the bookmaker Eurofootball Ltd will be revoked today by the State Gambling Commission, the company said. The meeting is from 11 o'clock and has only two points relating to the license of “Eurofootball”.
  • Because of the emergency situation and the measures introduced to prevent the spread of the coronavirus stopped buses to Sofia and almost all lines from the regional centers to the other settlements in the Northwest.
    Buses from the regional centers in Northwestern Bulgaria to Sofia stopped
    2020-03-26 08:30:16
    Because of the emergency situation and the measures introduced to prevent the spread of the coronavirus stopped buses to Sofia and almost all lines from the regional centers to the other settlements in the Northwest.
  • Markets in Asia saw a rise in major stock indexes. Tokyo's Nikkei 225 climbed over 7%. Trade in Europe has also started in the green sector.
    Rise in major stock indexes in Asia
    2020-03-26 06:30:16
    Markets in Asia saw a rise in major stock indexes. Tokyo's Nikkei 225 climbed over 7%. Trade in Europe has also started in the green sector.