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Bulgaria Foreign Debt Drops 2,8% By End Of January 27/03/2008
Bulgaria's gross foreign debt falls 2,5% to 27,4 billion EUR at the end of January. The reason according to the central bank is the withdrawn of foreign deposits from local banks, Reuters informed. The foreign debt has jumped to almost 36% y / y mainly due to strong private borrowing through the last year, data showed. The debt slowed to 83,7% of GDP by the end of January, down from 97,3% a month earlier. The private foreign debt fell 3% on a monthly basis to 23,4 billion EUR, after mainly foreign banks have withdrawn some 788 million EUR from their Bulgarian deposits. Bulgaria paid a total of 1,02 billion EUR to service its gross foreign debt through January, up from 721 million in 2007. more

Bulgarian - Serbian Economical Forum Starts In Sofia 25/04/2008
President Georgy Parvanov opens a Bulgarian - Serbian economical forum by initiative of Bulgarian investors in Serbia. The forum's aim is to support the future developing of business relations between both neighbour countries. Part of the reports' themes are ‘Challenges in front of business in the both countries' and ‘Opportunities of partnership between modern municipalities'. A program of Culture exchange in informational society will be presented and also the first media Bulgarian - Serbian exchange. After the recognition of Kosovo's Independence by Bulgaria, the operation in the region Bulgarian firms, 130 in common have shortly reduced to 90 already. The specialist Yavor Kuiumdhiev speaks of literal expansion of Bulgarian producers in Serbia. According to... more