Crypto lender Nexo seeks $3 billion in damages from Bulgaria over aborted investigation
By Elizabeth Howcroft and Kirstin Ridley LONDON (Reuters) – Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans…
Bulgaria expects fiscal deficit of 1% of GDP for 2022
SOFIA (Reuters) – Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of economic output, outperforming a revised target of 3.4%, the finance…
Bulgaria sticks to plan to adopt the euro in 2024 amid coalition squabbles
SOFIA – Bulgaria’s government on Friday approved a plan to join the euro zone as of Jan. 1, 2024, amid concerns within the ruling coalition over the lack of detailed analysis on…
MSCI eastern Europe stocks index drops after Russia cuts gas to Poland, Bulgaria
(Reuters) – MSCI’s emerging market eastern Europe equity index dropped as much as 1.2% in early trading on Wednesday after Russia cut gas supplies to Poland and Bulgaria. This is the fifth…
Russia To Cut Gas Supplies To Poland, Bulgaria
Russia To Cut Gas Supplies To Poland, Bulgaria Thomas Catenacci on April 26, 2022 Russia is reportedly planning to halt all natural gas pipeline flows to Poland and Bulgaria, a significant escalation…
Bulgaria cuts 2022 growth forecast to 2.6% from 4.8% amid war
SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep annual inflation in double digits, the finance…
Bulgaria parliament approves 2022 budget with 4.1% deficit target
SOFIA – Bulgaria’s parliament on Friday rubber-stamped the 2022 budget bill that targets a fiscal deficit of 4.1% of economic output this year, planning for an increased public investment to kick-start the…
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