News

26Oct2015

Eastern European countries were very vulnerable in 2008 due to very large current account deficits and Romania was no exception to it. These have sharply narrowed due to the decrease in trade deficit and the…

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26Oct2015

Residential real estate prices in Bulgaria dropped by 6.1% during the third quarter of 2011 compared to the same period in 2010. In the same period the price per square meter of residential real estate…

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26Oct2015

European Commission’s report titled “Fiscal Reforms in Member states 2011” states that fiscal risk reflects present and estimated funding needs. Romania’s fiscal risk is fairly close to the EU average. The fiscal risk indicator takes…

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26Oct2015

Bulgarian foreign trade gap contracted for 63,8% in the first eight months of 2011 compared to the same period in year 2010, to 1.13 billion BGN from 3.13 billion BGN. Lower deficit is a consequence…

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26Oct2015

Romanian Transport Ministry announced that European commission has granted EUR 724 million non-reimbursable funds to Romania for building two highways by 2013. Nadlac-Arad highway and Orastie-Sibiu highway are going to be part of Pan-European transport…

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26Oct2015

Bulgarian Economy Minister Traycho Traykov announced at the International Plovdiv Fair that Bulgaria will under the Increase of Economic Competitiveness Operational Programme allocate half a billion leva for innovations. New innovation act, with which the…

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26Oct2015

According to the statement of Ukraine’s central bank published on its website Ukraine’s economy expanded by 7.5 % in August 2011. The growth was triggered by good harvest, industrial production and domestic demand. The bank…

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26Oct2015

Bulgaria signed a contract with a unit of Russia’s second-largest bank OAO VTB to sell a majority stake in Bulgartabak Holding, ending a fourth effort in 12 years to sell the biggest state-owned tobacco maker….

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26Oct2015

Erste Group Bank may soon have to boost the capital of its Romanian unit, Banca Comerciala Romana SA, as the country’s banks are squeezed by bad debts and adverse economic conditions. Romania has the third-largest…

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26Oct2015

Ukraine’s gross external debt rose 5.1% in the first half of the year after a Eurobond sale and on a weaker hryvnia, the central bank said. Debt totalled USD 123.4 billion as of July 1,…

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