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Financial and business news from Bulgaria

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  • Dupnitsa Municipality saved from redundancy working in “Student's Food”. The activity of the municipal company was halted because of the disbanding of the students, which put those working there in the face of the downsization. The Municipality of Dupnitsa, however, managed to win a project to provide a warm lunch and entrusted this activity precisely to “Student's Food”, thereby helping its financial situation and saving jobs.
    Dupnitsa saved from redundancy employees from “Schoolboy Eating”, will cook for 170 socially weak
    2020-05-05 05:30:19
    Dupnitsa Municipality saved from redundancy working in “Student's Food”. The activity of the municipal company was halted because of the disbanding of the students, which put those working there in the face of the downsization. The Municipality of Dupnitsa, however, managed to win a project to provide a warm lunch and entrusted this activity precisely to “Student's Food”, thereby helping its financial situation and saving jobs.
  • The World Expo 2020 Expo in Dubai will be postponed by one year until 1 October 2021 due to the pandemic of the coronavirus, the organizers announced today, quoted by France Press.
    The World Expo 2020 Expo in Dubai is postponed by a year
    2020-05-05 04:30:20
    The World Expo 2020 Expo in Dubai will be postponed by one year until 1 October 2021 due to the pandemic of the coronavirus, the organizers announced today, quoted by France Press.
  • Hong Kong's economy reported a record squeeze of 8.9 percent year-on-year in the first quarter because of the impact of the coronavirus outbreak on sectors that had already had difficulties in previous months because of the political crisis and China-U.S. tensions, the France Press reported.
    Record 8.9% contraction on Hong Kong economy
    2020-05-05 03:30:19
    Hong Kong's economy reported a record squeeze of 8.9 percent year-on-year in the first quarter because of the impact of the coronavirus outbreak on sectors that had already had difficulties in previous months because of the political crisis and China-U.S. tensions, the France Press reported.
  • There were almost no new car sales in Spain in April as measures against the coronavirus, which were some of the strictest in the world, blocked the Spanish economy, the association of automakers Anfac (Anfac) said today, quoted by Reuters.
    In Spain are not sold almost no new cars in April
    2020-05-05 03:30:04
    There were almost no new car sales in Spain in April as measures against the coronavirus, which were some of the strictest in the world, blocked the Spanish economy, the association of automakers Anfac (Anfac) said today, quoted by Reuters.
  • The Ford car concern has resumed production at its plant in Saarluis, Germany, after a six-week outage, local media reported.
    Ford again produces cars in Germany
    2020-05-05 00:30:16
    The Ford car concern has resumed production at its plant in Saarluis, Germany, after a six-week outage, local media reported.
  • Austria's unemployment rate in April reached a historic maximum. This is a consequence of the paralysis of the economy brought about by measures in the battle against the coronavirus. This was announced today by the Austrian Institute of Employment, quoted by AFP.
    Historic maximum of unemployment in Austria in April
    2020-05-04 23:30:16
    Austria's unemployment rate in April reached a historic maximum. This is a consequence of the paralysis of the economy brought about by measures in the battle against the coronavirus. This was announced today by the Austrian Institute of Employment, quoted by AFP.
  • “Options can be sought to reduce some of the criteria for the measure 60/40, but it will not remain in this form after 30 June. If we make changes, they will be in the second half of May.” This was what Minister of Labour and Social Policy Denitsa Sacheva told BBC.
    Sacheva: The 60/40 measure will not be the same after June 30
    2020-05-04 22:30:19
    “Options can be sought to reduce some of the criteria for the measure 60/40, but it will not remain in this form after 30 June. If we make changes, they will be in the second half of May.” This was what Minister of Labour and Social Policy Denitsa Sacheva told BBC.
  • U.S. Treasury Secretary Steven Mnuchin announced today that bipartisan discussions have begun on whether more easing funding from the federal government is needed amid the country's coronavirus outbreak. However, he added that President Donald Trump is focused on tax changes and the tourism sector, Reuters reported.
    Mnuchin wary of idea of additional financial aid vs. COVID-19
    2020-05-04 22:30:04
    U.S. Treasury Secretary Steven Mnuchin announced today that bipartisan discussions have begun on whether more easing funding from the federal government is needed amid the country's coronavirus outbreak. However, he added that President Donald Trump is focused on tax changes and the tourism sector, Reuters reported.