All posts in Business

  • Bulgarian socialists file Belene referendum petition
    July 27, 2012, by Alex Bivol

    Bulgarian socialists have filed in Parliament on July 27 a petition, which they claimed was signed by 773 447 people, in support of a nationwide referendum to test public support […]

  • EU to probe state aid to five Greek banks
    July 27, 2012, by The Sofia Globe staff

    The European Commission said on July 27 that it has temporarily approved state aid for five Greek banks, but would launch in-depth investigations “to assess whether the measure is in […]

  • Another travel firm files for insolvency
    July 27, 2012, by The Warsaw Voice

    Travel agent Blue Rays Thursday filed for insolvency, the latest in a string of Polish travel firms to run into trouble during the busy vacation season. Over 400 people who […]

  • New fee adds to comfort: Wizz Air
    July 27, 2012, by The Budapest Times

    Travellers with Wizz Air can expect another fee as the airline prepares to trial run a cabin baggage fee on 1 August, the Hungarian-Ukrainian airline announced this week. With the […]

  • Facebook loses money despite 30% increase in revenue
    July 27, 2012, by VOANews

    Facebook, the world’s most popular social network website, says it lost money during the second quarter of the year, despite higher than expected revenue. In its first earnings report since […]

  • Bulgaria prepares new currency exchange offices regulations
    July 26, 2012, by The Sofia Globe staff

    Many a foreign tourist, especially at Bulgaria’s seaside resorts, has complained about being ripped off at currency exchange offices. To cut down on fraud, the Finance Ministry is drafting amended […]

  • Bulgaria, Switzerland to update double-taxation treaty
    July 26, 2012, by The Sofia Globe staff

    Bulgaria’s Cabinet approved on July 25 the draft of the updated treaty with Switzerland on avoiding double taxation of income and property, negotiated by the country’s Finance Ministry, the Government […]

  • EBRD lowers Bulgaria’s 2013 economic growth forecast
    July 25, 2012, by The Sofia Globe staff

    The European Bank for Reconstruction and Development (EBRD), the international financial institution that is one of the largest investors in emerging European economies, has lowered its projection for Bulgaria’s economic […]

  • Fitch rating agency concerned about worsening credit outlooks
    July 24, 2012, by William Gallo of VOANews

    A major financial services agency says ongoing worries over the eurozone crisis and a recent increase in negative credit outlooks continue to hamper the global economic recovery. The New York-based […]