News

26Oct2015

Romania will return to economic growth in 2011, most likely of around 1.5 percent, representatives of the International Monetary Fund said Thursday. Romania was hit hard by the global downturn in 2009, recording an economic…

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26Oct2015

The Cabinet of Ministers will soon begin preparing thermal power enterprises for privatization, Deputy Prime Minister for Economic Affairs Serhiy Tihipko told at a press conference in Kharkiv. “Now we have to quickly find consultants…

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26Oct2015

The government will drastically cut local budgets made from VAT taxes, a 2011 budget draft reads, quoted by the Romanian news agency Mediafax. The budget draft sees a cut by half of finances for infrastructure…

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26Oct2015

Bulgaria is expected to move out of recession and its economy to rebound in 2011, major international banks said. According to the latest CEE report of Italy’s Unicredit, the country is slowly recovering from the…

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26Oct2015

By the end of 2010, Bulgaria will likely have attracted a total of EUR 2 B in foreign direct investments, forecast Borislav Stefanov, head of the InvestBulgaria Agency. This development would still be a substantial…

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26Oct2015

Bulgaria’s banking sector is likely to experience a reshuffle, which will mainly affect smaller financial institutions following suit with the restructuring of the European market caused by the financial turmoil. The move will affect the…

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26Oct2015

The total revenue of the 100 largest companies in South-Eastern Europe (SEE) fell by 14% in 2009 to €78bn. The result is not surprising, bearing in mind the adverse impact of the global crisis on…

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26Oct2015

Foreign direct investments (FDI) by Italian companies in Bulgaria will amount to €1-3bn in the next ten years, according to estimates of Confindustria Bulgaria, the Italian business association in Bulgaria. Currently there are 800 Italian…

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26Oct2015

Bulgaria’s seasonally adjusted GDP marked an increase of 0.5% in the second quarter compared to the first three months of the year thanks to a rise in exports, pulling the country out of recession, the…

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26Oct2015

One of the world’s largest manufacturers of construction and mining equipment, engines and turbines, the US company Caterpillar, is going to open a commercial office in Bulgaria. This has been agreed during a meeting between…

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