Bulgaria FDI soars to EUR 1.34 B

Foreign direct investments in Bulgaria for the first seven months soared to Ђ1.34bn, up from Ђ795.6m year-on-year, the Bulgarian National Bank said.

SME industry expands

The role of the small- and medium-sized enterprises (SMEs) sector in the Bulgarian economy is growing, the chairman of the Agency for Small- and Medium-Sized Enterprises (ASME) Angel Despotov announced this week.

Bulgaria's base interest rate falls

The base interest rate in Bulgaria has been reduced to 2.40 per cent – a decrease of 40 basis points, effective from August 25, the Bulgarian National Bank said.

This is the lowest rate since 1991.

Source: Novinite

Roseximbank renamed to DZI Bank

Bulgaria's Roseximbank has adopted the name “DZI Bank,” and will introduce the new corporate logo of the Bulgarian Financial Group DZI. The decision to rename is a part of the integration process of the group's companies.

BFIA forecasts FDI to grow in 2004

The Bulgarian Foreign Investment Agency (BFIA) has forecast that foreign direct investments (FDI) volume will rise from US$1,600m to more than US$2,000m in 2004 with a possibility for a further increase, if the ongoing trend is preserved.

FDI inflow rises

Foreign direct investments (FDI) in Bulgaria in the first quarter of 2004 totalled Ђ294.1 million, an increase of 13% compared to the same period last year.

FDI in Bulgaria down by 60 per cent

Foreign direct investments (FDI) in Bulgaria have gone down by nearly 60.5 per cent over the first two months of 2004 compared to the same period in 2003.