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Financial and business news from Bulgaria

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  • Britain's government faces no choice between slowing the spread of the coronavirus and protecting the economy. This was stated today by Finance Minister Rishi Sunak, quoted by Reuters.
    Sunak: We don't choose between English health and economy
    2020-04-15 03:30:04
    Britain's government faces no choice between slowing the spread of the coronavirus and protecting the economy. This was stated today by Finance Minister Rishi Sunak, quoted by Reuters.
  • Britain has received around 1.4 million new applications for welfare payments - nearly seven times the normal level since Prime Minister Boris Johnson invited people a month ago to stay home after the coronavirus outbreak gained momentum, Reuters reported.
    Up to 1.4m welfare applications in the UK have grown
    2020-04-15 02:30:16
    Britain has received around 1.4 million new applications for welfare payments - nearly seven times the normal level since Prime Minister Boris Johnson invited people a month ago to stay home after the coronavirus outbreak gained momentum, Reuters reported.
  • The Thai economy could shrink to its lowest level since 1997, when Asia was gripped by a financial crisis. This will happen if the country fails to contain the coronavirus outbreak soon, a banking organisation cited by DPA has warned.
    Thailand's economy could get worse than the 1997 financial crisis
    2020-04-14 23:30:16
    The Thai economy could shrink to its lowest level since 1997, when Asia was gripped by a financial crisis. This will happen if the country fails to contain the coronavirus outbreak soon, a banking organisation cited by DPA has warned.
  • A French court today reprimanded online trading giant Amazon over insufficient action to protect its employees from the coronavirus and ordered the company to temporarily suspend a number of its activities, DPA reported.
    France sues Amazon and halted some of its work, the giant didn't defend its footage from COVID-19
    2020-04-14 21:30:16
    A French court today reprimanded online trading giant Amazon over insufficient action to protect its employees from the coronavirus and ordered the company to temporarily suspend a number of its activities, DPA reported.
  • Greece's economy is expected to record a record decline of 10 percent this year as a result of the macroeconomic shock triggered by the coronavirus pandemic, according to a forecast by the International Monetary Fund (IMF) published today, Kathimerini newspaper reports.
    IMF: Greek economy could shrink by 10%
    2020-04-14 21:30:03
    Greece's economy is expected to record a record decline of 10 percent this year as a result of the macroeconomic shock triggered by the coronavirus pandemic, according to a forecast by the International Monetary Fund (IMF) published today, Kathimerini newspaper reports.
  • Agriculture Fund paid nearly BGN 445 million (BGN 444 855 722) for Campaign-2019 under the Payment Scheme for Agricultural Practices that are favourable to the climate and the environment - Green Direct Payments (PDA). Support under the scheme is received by 56,490 farmers who observe climate-friendly farming practices, BTA quoted the fund as saying.
    Farmers received BGN 445 million for green payments for Campaign 2019
    2020-04-14 19:30:16
    Agriculture Fund paid nearly BGN 445 million (BGN 444 855 722) for Campaign-2019 under the Payment Scheme for Agricultural Practices that are favourable to the climate and the environment - Green Direct Payments (PDA). Support under the scheme is received by 56,490 farmers who observe climate-friendly farming practices, BTA quoted the fund as saying.
  • Prime Minister Boyko Borisov and the members of the Council of Ministers held an extraordinary government meeting via videoconferencing. This was reported by a government information service.
    Extraordinary decree of the Cabinet on mandatory sales of regional products in all stores!
    2020-04-14 18:30:05
    Prime Minister Boyko Borisov and the members of the Council of Ministers held an extraordinary government meeting via videoconferencing. This was reported by a government information service.
  • Retail chains beat the government. This is what BSP leader Kornelia Ninova wrote on her Facebook account on the occasion of the decree adopted earlier today by the government, introducing an obligation on the retail outlets to offer Bulgarian produce to local (regional) producers on their sites.
    Ninova erupted: Retail chains beat government
    2020-04-14 17:30:05
    Retail chains beat the government. This is what BSP leader Kornelia Ninova wrote on her Facebook account on the occasion of the decree adopted earlier today by the government, introducing an obligation on the retail outlets to offer Bulgarian produce to local (regional) producers on their sites.