News

In March eight banks, including CCB and FIB,  decreased the interest rates offered on deposits. The interest rates on 6-month deposits in leva are now about 3-4% and the ones in euro - a bit lower. More and more investors re-direct their investments to alternative instruments like life-insurance policies.

This becomes possible after Austria and Luxembourg gave up their 6-year-long struggle to maintain bank secret in the EU. It is expected that within the next two years all the member states will adopt local regulations to enhance the Directive.

Most people in the world do not trust governments. This gap is filled by business. For the first time difference between trust in business (58%) and government (44%) is so great. This shows Global Study Edelman Trust Barometer 2014. The biggest differences are in favor of business in fast-growing economies such as S...

The latest report of the EBRD shows that many countries in Eastern Europe have slowed down or stopped reforms. Regarding Bulgaria, the problem is the unpredictable policy in the sphere of energy and the populist policies which lead to stopping the reforms and even reversal of the process.

The announcement is made by the British newspaper "Independent". Companies like Thomas Cook, eBay, Sky, Seatwave and umba Fitness have begun using Bulgaria for their business activities. A British businessman states that he has saved between 40 and 50% on costs by moving his business.

From next year Bulgaria will have a fiscal council that will oversee the macroeconomic indexes and the realization of the budget. The council is created in response to an EU Directive, it will consist of 5 members chosen by the Parliament. It will write motivated statements to the Finance Minister regarding acceptan...