We have no intention of drawing funds from Bulgaria, in order to transfer back to Belgium, we will continue our policy in the country as usual, Andre Bergen, Chief Executive Officer of the big Belgium bank group KBC, said in a special interview for BTA (Bulgarian Telegraph Agency). This was his answer to the emerging comments that Western banks, experiencing difficulties because of the financial crisis, which have acquired assets in Bulgaria and other countries in Central and Eastern Europe might start to draw funds from their subsidiaries in the region. още »

The number of firms in Vratza municipality, which trade with the European Union has increased by 200. This was revealed after a comparative analysis of firms, submitting VIES declarations from the beginning of the year up to now, the National Income Agency announced.Now these firms are 2 041, while in January they were 1 841.VIES declarations are submitted every month by the 14th by firms, registered according to the VAT law. още »

A delegation of Sofia municipality is in Luxembourg to negotiate a 105-million euro credit from the European investment bank. “The money is needed for the construction of the subway – the section from 'Mladost' district to the Inter Expo Center”, said vice-mayor Minko Gerdjikov. The aim is the construction of the section for which an investor has been chosen to start immediately. още »

In 25 days “Kremikovtzi” could be totally stopped if in 2-3 days an operator or candidate does not acquire the company and does not save the technological scheme of “Kremikovtzi”. This claimed at a press conference the operative executive director of the Bulgarian metallurgic enterprise Plamen Stoyanov. By the end of this or the beginning of the next week, it will be clear what the future of “Kremikovtzi” will be, added Stoyanov. още »

Today again the pessimistic mood dominates on the Bulgarian stock exchange (BSE). SOFIX and BG30 are negative, with the more than 4% reduction in the index with the blue chips. BG-40 marks a minimal growth, while BGREIT has no change. The shares of Chimimport are actively traded. The session today started well for the shares of Ograchim, Lead-zinc complex, Kaolin, Sopharma and others. още »

The major candidates for the next strike of the world financial crisis are Croatia, Romania, Bulgaria, Serbia and the Baltic countries. This is written in an analysis of the American agency Stratfor. Croatia is especially vulnerable to a crisis because of the enormous budget and trade deficit and the big dependence on credits in foreign currencies. Except for Croatia, the other candidates for a crisis are Romania, Bulgaria, Serbia and the Baltic countries. още »

The inflation and the growth of the Gross domestic product (GDP) in Bulgaria in the next year will be less than expected. The claims, however, that the effect of the world financial crisis will reach the scope of what happened during the Great depression in the United States in 1929 are irresponsible and the press and the economists should stop threatening the people. още »

Which "Kremikovtzi" employees will go on a forced paid vacation will be known this week. Despite the threats of civil disobedience starting today, on Friday workers decided to stop their protests.The government promised that workers will receive their salaries for August by Wednesday, while the September salary - at the latest by the end of the week. още »

The world financial crisis is still not having a direct effect on the Bulgarian economy, the deputy minister of finance Kiril Zhelev said, cited by BNR (Bulgarian National Radio). According to him, following the logic of the world trend in Bulgaria, credits are becoming harder to obtain.For now, direct effect for Bulgaria's economy is not observed with the exception of the fact that there will probably be problems regarding the credit resource at the disposal of business and households. още »