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News Bulgaria
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Fitch Raises Bulgaria"s Outlook from Negative to Positive
International credit rating agency Fitch Ratings has improved its outlook on Bulgaria"s currency ratings to positive from negative. This has made it less likely that they will fall into junk territory, reflecting the Bulgaria"s declining debt levels and recovering economy, reported Tuesday Dow Jones Newswires as cited by The Wall Street Journal. Fitch has Bulgaria"s foreign and local currency ...
Novinite May 24 10:07am
Finance Ministry Hopeful Moody"s Will Up Bulgaria"s Rating
Moody"s Investors Service is currently reviewing Bulgaria"s credit rating and is likely to boost it, the credit agency says in a regular report cited by the Bulgarian Finance Ministry. Bulgaria currently has a Moody"s credit rating of Baa3, the same as Romania, Hungary, Croatia, and Latvia; on April 5, Moody"s placed Bulgaria"s Baa3 sovereign rating "on review for possible upgrade". The ...
Novinite May 04 08:49am
Bulgaria PM Vows Tight Fiscal Policy, Scolds Greece
Bulgaria"s government will continue to stick to a tight fiscal policy, turning the country into an example for the likes of Greece, according to the prime minister. "Our government will hold on tightly to its strict fiscal policy and this is how things will continue to be," Boyko Borisov said at the opening of the seventh national forum for innovations. "We managed to keep taxes low, retail ...
Novinite May 17 06:04am
IMF Mission Signals Optimism about Bulgaria"s Economy
The conclusions of the International Monetary Fund mission, which visited Bulgaria"s capital Sofia during the period May 10-20, have exhibited optimism about the Bulgarian economy and state finances. The visit was part of the IMF"s surveillance under Article IV of the IMF"s Articles of Agreement. The mission, headed by Catriona Purfield, met with officials from the Ministry of Finance, the ...
Novinite May 21 07:35am
AIB sells stake in Bulgaria"s BACB bank
DUBLIN, May 16 (Reuters) - Allied Irish Banks hassold its 49.9 percent stake in specialist business lenderBulgarian-American Credit Bank (BACB) , part of a moveby the troubled Irish bank to dispose of ...
Reuters UK Focus via Yahoo! UK & Ireland Finance May 16 08:25am
AIB to sell credit bank stake to rival for undisclosed sum
AIB HAS agreed to sell its 49.99 per cent stake in Bulgaria-American Credit Bank (BACB) to a local rival CSIF AD for an undisclosed amount.
The Irish Times May 16 05:08pm
Allied Irish sells its stake in Bulgarian bank
The Bulgarian-American Credit Bank says a private investment company has bought Allied Irish Banks 49.99 percent stake in the bank.
AP via Yahoo! Finance May 17 06:48am
U.S. debt vs. Bulgaria"s
Think the debate about U.S. creditworthiness can"t get any sillier? Guess again.
CNN Money Apr 28 11:55am
Interior Minister Persists with Criticisms of Bulgaria Judiciary
Bulgaria"s interior minister has persisted with criticisms of the country"s justice system, despite accusations from abroad that his statements erode confidence in the judiciary and threaten to undermine the magistrates" independence. "If the Ministry of Interior was not working as it does, the mafia would have a state," Minister Tsvetan Tsvetanov stated in an interview for Bulgarian National ...
Novinite May 17 05:34am
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