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Latest Business News from Bulgaria

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

croatia-limping-at-eu-frontend
07 Jan 15

Croatia Falling Behind in EU, Statistics Show

New data from Eurostat have no good news for Croatia, whose economy is falling behind that if its EU counterparts in almost all fields.

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

no-economic-recovery-in-sight-for-croatia-and-serbia
18 Dec 14

Raiffeisen Gloomy About Croatia, Serbia Economies

Regional analysis conducted by Raiffeisen bank says the economies of Serbia and Croatia saw no growth in 2014 and will not do much better in 2015 - while the outlook for other countries is somewhat brighter.

crime-and-corruption-left-a-100-billion-hole-in-balkan-economies
16 Dec 14

Illicit Outflows Rob Balkan Economies of $100bn

A study by Global Financial Integrity, GIF, says illicit money outflows robbed Balkan countries of the equivalent of more than 100 billion dollars during the last decade.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

balkan-countries-mourn-south-stream-halt
02 Dec 14

Russian Pipeline Halt Raises Concern in Balkans

Russia’s decision to scrap its South Stream gas pipeline has caused concerns in Serbia, Bulgaria and Macedonia about whether they will miss out on promised energy benefits.

macedonia-borrows-more-money-for-rail-link-to-bulgaria
28 Nov 14

Macedonia Borrows Again for Bulgaria Rail Link

With work on the first section of the link now in progress, Macedonia is to borrow 145 million euro for the second stretch of its long-awaited rail connection to Bulgaria.

balkans-creating-a-better-economic-climate
29 Oct 14

Balkans Do Better in 'Doing Business' Report

Most Balkan states have improved their positions in the World Bank's latest “Doing Business” report - some much more than others.

macedonia-pushes-on-with-rail-link-to-bulgaria
23 Oct 14

Macedonia ups Tempo on Rail Link to Bulgaria

With work on the first section now in progress, Macedonia has issued a project call for the third and final stretch of its long-awaited rail spur to Bulgaria.

growth-in-se-europe-to-remain-uneven-imf-says
08 Oct 14

IMF Revises Balkan Growth Prospects Downwards

Growth in Southeast Europe is likely to worse in 2014 than was anticipated, a new IMF report says.

world-economic-forum-balkan-shows-mixed-results
03 Sep 14

Balkan Economic Competitiveness Makes Uneven Progress

The latest World Economic Forum report on global competitiveness ranks Bulgaria as the best in the Balkans and Albania as the worst, just behind Serbia.

new-bulgaria-bank-crisis-threatens-confidence
01 Sep 14

New Bulgaria Bank Crisis Threatens Confidence

Failure to resolve the fate of the country’s fourth-largest lender could undermine recently strengthened investor trust and turn Bulgaria into ‘Europe’s Argentina’, experts warn.

russians-lose-interest-in-bulgarian-seaside-estates
27 Aug 14

Russians Lose Interest in Bulgarian Property

Sales of seaside property in Bulgaria to Russians have slumped by 30 per cent since the end of July - a fall-off ascribed in part to frayed political relations between the two countries.

bulgaria-demands-eu-meeting-over-russia-s-food-ban
11 Aug 14

Bulgaria Demands EU Meeting on Russian Food Ban

Bulgaria's Agriculture Minister, Vasil Grudev, has asked Brussels to call an emergency meeting to discuss compensation for farmers for the Russian ban on EU food imports.

Politics and Society

amnesty-balkans-strive-to-improve-rights
25 Feb 15

Amnesty Gives Balkans Mixed Verdict on Rights

Balkan countries still struggled to address a range of human rights concerns in 2014, a new report by Amnesty International says.

Culture and Lifestyle

winter-thrills-in-the-balkans-best-mountain-resorts
29 Jan 15

Winter Thrills in the Balkans’ Best Mountain Resorts

Snowy fun on offer in the region’s three best resorts: Kopaonik, Jahorina and Bansko.