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Financial and business news from Bulgaria

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  • Indonesia will temporarily ban domestic and international flights and maritime transport from tomorrow, with some exceptions to prevent the spread of the coronavirus, transport ministry officials said today, quoted by Reuters.
    Indonesia temporarily bans air and maritime transport
    2020-04-24 01:30:05
    Indonesia will temporarily ban domestic and international flights and maritime transport from tomorrow, with some exceptions to prevent the spread of the coronavirus, transport ministry officials said today, quoted by Reuters.
  • The Swiss government predicts the country's economy will shrink by 6.7 percent this year, indicating it expects the recession caused by the coronavirus pandemic to be more severe than previously thought, Reuters reported.
    Swiss government expects deep recession over coronavirus
    2020-04-24 00:30:16
    The Swiss government predicts the country's economy will shrink by 6.7 percent this year, indicating it expects the recession caused by the coronavirus pandemic to be more severe than previously thought, Reuters reported.
  • European Central Bank (EBC) chief Christine Lagarde told European leaders today that the coronavirus pandemic could reduce their gross domestic product by 15 percent, Reuters reported, citing a diplomatic source.
    Lagarde: European economy could shrink by 15% over coronavirus
    2020-04-23 22:30:17
    European Central Bank (EBC) chief Christine Lagarde told European leaders today that the coronavirus pandemic could reduce their gross domestic product by 15 percent, Reuters reported, citing a diplomatic source.
  • Austria will set up a weekly night train line that will pass through Hungary to Romania to transport social workers across coronavirus tightened borders, Reuters reported.
    Austria with night trains for social workers from Romania
    2020-04-23 20:30:16
    Austria will set up a weekly night train line that will pass through Hungary to Romania to transport social workers across coronavirus tightened borders, Reuters reported.
  • In the next few years, the EU budget on an annual basis will have to rise to overcome the economic consequences of the COVID-19 pandemic. This was announced by European Commission President Ursula von der Leyen after today's fourth European Council video conference on the new crisis.
    EC: EU budget should be increased because of the consequences of COVID-19
    2020-04-23 18:30:18
    In the next few years, the EU budget on an annual basis will have to rise to overcome the economic consequences of the COVID-19 pandemic. This was announced by European Commission President Ursula von der Leyen after today's fourth European Council video conference on the new crisis.
  • We should congratulate the government on the measures it has taken. They are timely. At this point, we must all be united, solidarity and do everything we can to get out of the situation, businessman Georgi Gergov told bTV.
    Georgi Gergov: Business must be responsible on par with politicians
    2020-04-23 17:30:16
    We should congratulate the government on the measures it has taken. They are timely. At this point, we must all be united, solidarity and do everything we can to get out of the situation, businessman Georgi Gergov told bTV.
  • Bulgaria's external debt in 2019 is BGN 24,205 billion according to the preliminary data of the National Statistical Institute (NSI). This equates to about 20.4 percent of gross domestic product (GDP) for the year.
    NSI calculated exactly how much Bulgaria's foreign debt is for 2019.
    2020-04-23 16:30:17
    Bulgaria's external debt in 2019 is BGN 24,205 billion according to the preliminary data of the National Statistical Institute (NSI). This equates to about 20.4 percent of gross domestic product (GDP) for the year.
  • Valery Simeonov proposes a plan to deal with the economic crisis. His party - the NFSB, came up with measures for business. What they are and what has been undertaken so far to help the economy explained on the air of “Hello, Bulgaria” on Nova TV the leader of the party.
    NFSB with important proposals to save the business in the crisis
    2020-04-23 15:30:21
    Valery Simeonov proposes a plan to deal with the economic crisis. His party - the NFSB, came up with measures for business. What they are and what has been undertaken so far to help the economy explained on the air of “Hello, Bulgaria” on Nova TV the leader of the party.