News

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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26Oct2015

Bulgaria’s government has adopted the report on country’s macroeconomic indicators for the first half of 2011. It contains latest data from the Finance Ministry showing that in the first quarter Bulgaria’s economy grew by 3.4%…

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26Oct2015

Romania’s government wants to increase royalties for natural-gas storage, crude-oil transport and mineral resources and raise about USD 371 million over the next four years. The government plans to increase the royalty to 15% of…

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26Oct2015

Ukraine’s current-account deficit widened in July from the previous month, the central bank said. The gap reached USD 574 million in July compared with USD 281 million a month earlier. The central bank revised the…

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26Oct2015

In May 2011, the Ukraine economy started regaining its footing from March-April weaknesses. Industrial production growth picked up to 8.6% yoy from 4.9% yoy in April. Expansion in retail trade and construction accelerated to 15.5%…

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26Oct2015

The stock of new homes available in Bucharest has started dwindling as a result of the low number of apartments delivered in the past two years and the falling prices. In seven out of nine…

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26Oct2015

Trade turnover between Bulgaria and Romania totaled 2.8 billion € in 2010, Romania’s economy ministry said as quoted by news agency BTA. The states recorded a 39% annual growth in bilateral trade in the first…

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26Oct2015

Bulgaria’s postal service state-owned company “Bulgarian Posts EAD” will be taken off the list of companies, whose privatization is banned, under amendments, adopted by the economic committee in parliament. The amendments were prompted by an…

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