European Commission specifies proposed banking supervision powers for ECB in euro zone
The European Commission (EC) has outlined its proposals for a single supervisory mechanism for banks in the euro zone, giving
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Business
Financial crisis offers lessons for future
Four years ago, the collapse of Lehman Brothers, a huge financial firm, marked the start of the worst recession in
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Bulgaria handed one billion euro bill for Belene
Russian contractor Atomstroyexport, picked to build two 1000MW nuclear reactors at Belene on the Danube River, has increased its arbitration
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Auditors at Bulgaria’s tax agency uncover millions in hidden income
Audits by Bulgaria’s National Revenue Agency of 900 people uncovered 45 million leva (about 22.5 million euro) in concealed income
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Integrate Eastern Europe’s shadow economy into the formal sector, World Bank report says
Too many of Eastern Europe’s workers and firms are engaged in the “shadow economy” — doing business and work in
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Standard and Poor’s increases rating of UniCredit Bulbank
International rating agency Standard and Poor’s has increased the short-term rating of UniCredit Bulbank to A-2. The long-term rating and
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Deal by deal, Russia building ties with Asia
Chinese President Hu Jintao announced Saturday more than $150 billion in spending on infrastructure projects as part of efforts to
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Russia’s Rosatom wants to take part in Poland’s n-power plant tender
Russia’s state nuclear energy corporation Rosatom wants to take part in the tender for building nuclear power plant in Poland,
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European Bank move could help economy
Europe’s central bank made a key announcement Thursday that immediately eased financial pressure on the continent’s troubled economies, lowering interest
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