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Financial and business news from Bulgaria

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  • “The scary thing happened yesterday when the head of state intervened and defended his party, which wants things not to work out in our country. If we change the system, the state will enter a period of chaos. Because we know how to make an economy, it's hard for us to take advice from people who don't know where the shop is, how much bread costs and eat canteen food all their lives.” This was said by the CEO of KRIB Yevgeny Ivanov in the studio of “Plus-Minus” on Nova TV.
    KRIB for Radev: We do not take advice from people who do not know how much bread costs
    2020-05-29 10:30:17
    “The scary thing happened yesterday when the head of state intervened and defended his party, which wants things not to work out in our country. If we change the system, the state will enter a period of chaos. Because we know how to make an economy, it's hard for us to take advice from people who don't know where the shop is, how much bread costs and eat canteen food all their lives.” This was said by the CEO of KRIB Yevgeny Ivanov in the studio of “Plus-Minus” on Nova TV.
  • The European Commission proposes Bulgaria to gain access to 9.282 billion euros from the economic recovery fund from the crisis caused by the COVID-19 pandemic. This was reported by the EC, quoted by BTA.
    Decided: EC announces how many billion euros Bulgaria receives to deal with the crisis
    2020-05-29 07:30:18
    The European Commission proposes Bulgaria to gain access to 9.282 billion euros from the economic recovery fund from the crisis caused by the COVID-19 pandemic. This was reported by the EC, quoted by BTA.
  • The Bulgarian pension system is ahead of quality that of countries of the rank of Great Britain, Germany, Spain, China and a number of others, according to the new report Global Pension Report by Europe's largest insurer Allianz.
    Bulgaria's pension system ranked in the top 10 of the world ahead of the UK and Germany
    2020-05-29 06:30:14
    The Bulgarian pension system is ahead of quality that of countries of the rank of Great Britain, Germany, Spain, China and a number of others, according to the new report Global Pension Report by Europe's largest insurer Allianz.
  • This is another step that the state makes, Let those who comment read the draft law. This was what Minister of Economy Emil Karanikolov told BBC about the country's entry into the fuel market.
    Emil Karanikolov: State gas stations will give a picture of real fuel prices
    2020-05-29 05:30:16
    This is another step that the state makes, Let those who comment read the draft law. This was what Minister of Economy Emil Karanikolov told BBC about the country's entry into the fuel market.
  • Germany's leading economic institute Ifo (Ifo) said on Thursday it expected the country's GDP to shrink by 6.6 percent this year because of the coronavirus crisis, then following growth of 10.2 percent in 2021, BNR reports.
    Ifo Institute: German economy to shrink by 6.6%
    2020-05-29 03:30:05
    Germany's leading economic institute Ifo (Ifo) said on Thursday it expected the country's GDP to shrink by 6.6 percent this year because of the coronavirus crisis, then following growth of 10.2 percent in 2021, BNR reports.
  • The National Insurance Institute (NSSI) will pay BGN 4.925 million to 10,817 unemployed persons. That's what you get the second group of people who are going to get their money today. This month, the institute made two payments for April because of the large number of people who were left out of work.
    Another 11,000 unemployed will get money tomorrow
    2020-05-29 02:30:04
    The National Insurance Institute (NSSI) will pay BGN 4.925 million to 10,817 unemployed persons. That's what you get the second group of people who are going to get their money today. This month, the institute made two payments for April because of the large number of people who were left out of work.
  • Representative at national level organizations of employers AICB, BIA, BCCI and CRIB, united in ABR, stand in a principled position in support of the current tax system of the Republic of Bulgaria, which is designed so as to provide foreseeable conditions for the performance of economic activity in the country.
    Employers: We support the current tax system
    2020-05-29 01:30:07
    Representative at national level organizations of employers AICB, BIA, BCCI and CRIB, united in ABR, stand in a principled position in support of the current tax system of the Republic of Bulgaria, which is designed so as to provide foreseeable conditions for the performance of economic activity in the country.
  • From the beginning of the year until the end of April 2020, 3204 Bulgarian citizens have declared upon termination of their registration with the Labour Bureaux that they are leaving abroad for employment in the EU and EEA countries. This is stated in a written response by the Minister of Labour and Social Policy Denitsa Sacheva to a question of the MP Georgi Gjokov.
    Sacheva: By the end of April 3204 people have declared that they will work abroad
    2020-05-28 23:30:17
    From the beginning of the year until the end of April 2020, 3204 Bulgarian citizens have declared upon termination of their registration with the Labour Bureaux that they are leaving abroad for employment in the EU and EEA countries. This is stated in a written response by the Minister of Labour and Social Policy Denitsa Sacheva to a question of the MP Georgi Gjokov.