Bulgaria mulls tighter regulation of bank fees – updated
Posted by admin on Feb 9, 2012 in Blog | 0 comments
Bulgaria’s Finance Ministry has drafted a package of legislative amendments that would tighten the regulation of fees charged by banks and loan interest rates, saying that it wanted to make lending more transparent and predictable for bank customers. Bulgarian banks generally calculate their basis interest rates...
Bulgarian ICT Watch event in March
Posted by admin on Feb 9, 2012 in Blog | 0 comments
Opportunities and challenges facing Bulgarian IT companies involved in exporting will be the focus of a special event on March 30, entitled ICT Bulgarian Watch. Debate at the half-day event will cover what has been achieved so far and what further can be done by the Bulgarian Government to support development of the market, as...
Bulgaria’s Government nominates five further ambassadors
Posted by admin on Feb 2, 2012 in Blog | 0 comments
The process of Bulgaria reshaping its diplomatic corps abroad took a further step forward on February 1 2012 when the Cabinet approved a further five nominations for ambassadors, to Spain, Russia, Syria, Morocco and Pakistan. The nominations will be sent to President Rossen Plevneliev for approval. Boiko Kotsev has been...
Bulgarian property market: Home finance easier, media report says
Posted by admin on Jan 10, 2012 in Blog | 0 comments
Housing loans in Bulgaria became more accessible even as the freefall on the domestic real estate market continued for a third year in a row, according to a report in daily Presa on January 10 2012. While sliding prices attracted buyers in 2009 and 2010, 2011 came with a special bonus – accessible housing loans, according to...
Cashing in
Posted by admin on Feb 10, 2011 in Blog | 0 comments
Until recently, the issue of how Bulgaria will refinance its first big repayment of foreign debt was not even on the Government’s agenda. The passage of time, however, has limited the number of options to a few unpopular choices – either refinance by issuing new bonds on international markets or count on local private...