Gloom in retail trade major factor as Bulgarian business confidence drops in July 2014
Bulgaria’s business climate indicator fell by 3.2 percentage points month-on-month in July 2014 as managers in major industries lost confidence
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Business
Bulgaria’s competition watchdog levies new charges on electricity distributors
Bulgaria’s Commission for Protection of Competition (CPC) levied new charges of unfair trade practices against the country’s three private electricity
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IMF report cuts growth forecast
The International Monetary Fund has trimmed its global economic growth projection for 2014, projecting a slower advance in the United
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Bulgaria’s new rules on consumer loans come into effect on July 22
Bulgaria’s new Consumer Loans Act, approved by Parliament on March 28, came into effect on July 22 2014, capping loan
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OMV Petrom finds new oil reserves along the Black Sea coast
OMV Petrom, a company controlled by the Austrian group OMV, announced that it had discovered new reserves of oil in shallow
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Bulgaria central bank extends CCB administration period
Bulgaria’s central bank said on July 15 that it extended the special supervision period for the Corporate Commercial Bank (CCB)
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Bulgaria annual deflation at 1.9% in June
Bulgaria’s consumer price index shrank again in June, by 0.4 per cent, but the annual deflation figure at the end
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FDI in Bulgaria in January-May was 302.6M euro
Foreign direct investment in Bulgaria in the first five months of 2014 stood at 302.6 million euro, the equivalent of
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Growth in EU’s Eastern European countries to double in 2014 – World Bank
Economic growth in the EU member states from the former communist bloc is expected to nearly double from 1.4 per
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