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Bulgaria

Citizens from CEE Major Benefit for EU

A current paper published by the OECD shows that the European Union benefits from migration of Eastern European citizens as they compensate imbalances in the labor markets.

January 15, 2014

Europe/CESEE: Heavy Trade in Distressed Assets

Until 2018, European lenders will offload about 300bn of bad debts, according to PwC. Above all, U.S. private equity firms are taking the opportunity.

January 11, 2014

Bulgaria: Small Growth in Real Estate Market

The real estate market in Bulgaria saw a growth of 2.98 percent last year.

January 9, 2014

Southeastern Europe Endangered of Civil Unrests

According to the Economist Intelligence Unit, several CESEE countries may face civil unrests in 2014. In particular, Southeastern Europe is in the danger zone.

January 4, 2014

CEE: Economic Sentiment Cautiously Optimistic

The economic sentiment for Eastern European countries is becoming more optimistic, however, only cautiously. Poland is on top of the list of economists at JP Morgan.

January 2, 2014

Croatia: Real Estate Market Crisis Goes On

After the collapse of the Croat real estate market in 2009/10, the price decrease still holds on.

December 30, 2013

Austrian and Germans Offered Most for Bulgarian Schuldschein

Average interest rates for Bulgarian Schuldschein loan range between 3.4 to 4.6 percent. Austrian and German investors offered most of the € 290m loan.

December 23, 2013

Bulgaria Still Below Pre-Crisis Level

The World Bank predicts that Bulgaria will not reach the pre-crisis level before 2008 in terms of GDP. Regarding Bulgaria´s fiscal situation, the country performs well, though.

December 20, 2013

Bulgaria: Economic Upturn Not Sooner Than 2015

As reported by Bulgarian daily Standart, an economist at World Bank pointed out that the country has not yet reached the economic situation of before the start of the financial crisis in 2008.

December 20, 2013

Stable Outlook for CESEE Banking Industry

According to the U.S. rating agency fitch, the sector outlook remains stable in Central, Eastern and Southeastern Europe. However, the well-known risks and weaknesses will persist.

December 19, 2013

CESEE: Potential to Return to Pre-Crisis Growth

According to a report published by the business adviser McKinsey, countries of Central, Eastern and Southeastern Europe are fundamentally strong.

December 18, 2013

Bulgaria: Majority of Citizens Call for Early Elections

According to a poll, 80 percent of Bulgarians demand early elections.

December 17, 2013

VIG: Sale of Bulgarian Affiliate Failed

Vienna Insurance Group has to find a new buyer for the Bulgarian pension fund Doverie. United Capital, the potential buyer of Doverie has lost its bank license.

December 16, 2013

Bulgaria: S&P Downgrade Criticized Sharply

Bulgarian Minister of Economy Dragomir Stynev does not agree with S&P´s view on Bulgaria´s creditworthiness.

December 16, 2013

Austrian GDP per Capita Second-Highest in EU

In terms of GDP per capita, Austria is the second-richest EU country.

December 12, 2013

Bulgaria: Prime Minister Stresses Positive Development

Plamen Oresharski stressed that Bulgaria has performed better than expected in 2013.

December 10, 2013

EU/CESEE: Real Income Shrinks

In 2013, the real income will do down in Austria. Since 2010, the Austrian real income was down by 1.3%. In Hungary, real income fell by 15% in that period.

December 9, 2013

Vienna Insurance Group Awarded in Bulgaria

Awards for the Group companies Bulstrad and Bulstrad Life.

December 5, 2013

VIG: „We Will Clean Up Merciless“

Yesterday, the Austrian insurance group VIG (Vienna Insurance Group) published surprisingly bad results. In Italy and Romania, VIG has a lot of work to do.

November 28, 2013

CESEE: Slight Growth Acceleration, but Uncertainties Persist

The Vienna Institute for International Economic Studies (wiiw) has published the economic forecast for the CESEE region today. The economic performance varies substantially from country to country.

November 28, 2013

Bulgaria: More than Half of Citizens Would Not Take Out Bank Loan

According to a survey, almost 60 percent of Bulgarians would not take out a bank loan regardless of the terms.

November 27, 2013

Wide Parts of CESEE Region Below Pre-Crisis Level

In terms of economic output, a large number of CESEE countries have not reached the level of 2008 yet. The growth outlook remains cautious.

November 25, 2013

Bulgaria: Real Estate Transaction Increase Substantially

In the third quarter, Bulgaria´s residential property real estate transactions were up by 20%.

November 23, 2013

VIG and Bulgaria Are Causing Headache Each Other

The Austrian insurance group VIG has sold the Bulgarian pension fund to an unknown investor. Bulgaria´s government wants to reverse the sale.

November 21, 2013

Nowotny: Must Avoid Bubble in CESEE

In order to avoid another asset bubble like in 2008, loan growth has to be monitored, governor of Austrian National Bank Ewald Nowotny says.

November 19, 2013

Raiffeisenbank Bulgaria Provided with Loan by EBRD

The European Bank for Restructuring and Development will provide Raiffeisenbank Bulgaria EAD with a new loan totaling € 15m.

November 18, 2013

Bulgaria: Fiscal Plans “Too Ambitious”

According to the IMF, the underlying assumptions of Bulgaria´s government are not realistic. The banking industry is stable, though.

November 16, 2013

Bulgarian Banks Suffer from Low Customer Creditworthiness

According to the EBRD, the Bulgarian banks are a source of funding for their parents.

November 9, 2013

Bulgaria: Finance Ministry Approves Schuldschein Loan

In order to close the Bulgarian budget deficit gap, the Finance Ministry has decided to take out a Schuldschein loan in the amount of € 360m.

November 8, 2013

Banking Sector Reduces Lending

Instead of offering loans to the corporate sector, banks tend to invest in sovereign bonds. The CESEE region is particularly affected by this.

November 6, 2013

Bulgaria: Banks Have More Assets at Disposal

With more money available, banks in Bulgaria are now able to grant more loans.

November 6, 2013

Slovak Banking Industry Records Growing Net Income

In the first nine months of 2013, Slovakia´s banking sector recorded a total net profit of € 449m.

November 1, 2013

Bulgaria: Unemployment Anticipated to Decrease

Regarding the economic development in 2014, Bulgarian Industrial Capital Association demonstrates optimism.

October 31, 2013

Slovenia on Top of Prosperous Countries in Emerging Europe

Slovenia is leading the list of prosperous countries in Emerging Europe. Bulgaria is on the last position.

October 30, 2013

Bulgarian President Calls for TTIP

Bulgaria’s economy would benefit from a free trade agreement between EU and USA.

October 25, 2013

Public Debt: CESEE Countries Below EU Average

At the end of the first half of 2013, the EU public debt quota reached 86.8% of GDP. Western Europe´s public debt level is significantly higher than in Eastern Europe.

October 23, 2013

Southeastern Europe: Dramatic Labor Market Conditions

In Southeastern Europe, the labor market conditions are similarly bad as in Southern Europe. Above all, youth unemployment is extremely high.

October 22, 2013

Romania and Bulgaria Have Lowest Debt Ratios

With a public debt to GDP ratio of 18.5%, Bulgaria has the second lowest public debt quota in the EU.

October 21, 2013

Bulgaria: FDI Inflow Shrinks Drastically

In the first eight months of 2013, foreign direct investments fell by more than 51%. Without impulses from foreign investors, the country will not return to growth.

October 21, 2013

Bulgaria to Encourage Chinese Investments

Investments from China in Bulgaria currently come at € 85m, reports SME Times.

October 18, 2013

IMF Warns of Financial Instability in CESEE

Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.

October 18, 2013

CESEE Region Suffers from Migration

The countries of Central, Eastern and Southeastern Europe are confronted with a highly unfavorable demographic trend. The brain-drain is expected to persist.

October 17, 2013

Bulgaria Supports Trans Adriatic Pipeline

During yesterday’s world media meeting, on behalf of his country Bulgarian President Rosen Plevniev expressed his support of the Trans Adriatic Pipeline project (TAP).

October 16, 2013

Bulgaria: Number of „Working Poors“ Grows Considerably

Bulgaria´s average wage only comes at € 269 per month. 600,000 Bulgarian earn less than € 180 per month.

October 15, 2013

Bulgaria: Significant Increase in Exports to EU

Exports from Bulgaria to the European Union have increased by 6.6 percent.

October 10, 2013

FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

October 8, 2013

Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published

FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.

October 8, 2013

Bulgaria Takes out Schuldschein Note Loan via German Banks

The Bulgarian government has decided to take out a Schuldschein note loan in the amount of € 360m through German banks, media reports claim.

October 7, 2013

Bulgaria: Shrinking Workforce Leading to Lower Growth

Bulgaria is facing a number of challenges resulting from shifting demographics.

October 4, 2013

Bulgaria: Major Decrease of Insurance Business

The insurance industry saw a strong decrease of business of 13 percent in only four years.

October 2, 2013