All posts in Business

  • Financial crisis offers lessons for future
    September 12, 2012, by Jim Randle of VOANews

    Four years ago, the collapse of Lehman Brothers, a huge financial firm, marked the start of the worst recession in decades.  Frightened investors dumped stocks, banks stopped lending, the economy […]

  • Bulgaria handed one billion euro bill for Belene
    September 11, 2012, by The Sofia Globe staff

    Russian contractor Atomstroyexport, picked to build two 1000MW nuclear reactors at Belene on the Danube River, has increased its arbitration claim against Bulgaria to one billion euro, money that, the […]

  • Standard and Poor’s increases rating of UniCredit Bulbank
    September 11, 2012, by The Sofia Globe staff

    International rating agency Standard and Poor’s has increased the short-term rating of UniCredit Bulbank to A-2. The long-term rating and the outlook were affirmed to BBB and stable by the […]

  • Deal by deal, Russia building ties with Asia
    September 10, 2012, by James Brooke VOA Moscow Bureau Chief

    Chinese President Hu Jintao announced Saturday more than $150 billion in spending on infrastructure projects as part of efforts to boost Chinese and world economic growth. President Hu, speaking in […]

  • European Bank move could help economy
    September 9, 2012, by Al Pessin of VOANews

    Europe’s central bank made a key announcement Thursday that immediately eased financial pressure on the continent’s troubled economies, lowering interest rates on some of their debts.  But the move is […]