The increased pressure of the Bulgarian government on the Russian companies operating in Bulgaria has caused Lukoil to start a procedure for the sale of its Burgas-based oil refinery, Bulgarian Finance Minister Assen Vassilev told the Financial Times. There are already "signs of interest" from a potential buyer. Only after the deal is completed will the profit tax for the refinery be reduced from 60% to 15%.
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating..
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