Finance Ministry

Bulgaria's Finance Ministry has improved its 2014 GDP growth forecast.

Citing improved forecasts of the European Commission (EC) and the International Monetary Fund (IMF) about the development of the European and the global economy, the Finance Ministry has grown more optimistic about Bulgaria's economic development.

By Chryssa Liaggou

The revised agreement between Athens and its international creditors provides for strict timetables regarding the reforms needed to streamline the local energy market and strengthen competition therein.

Greece's Finance Minister Yannis Stournaras arrives for a news conference during a European Union Finance Ministers informal meeting in Athens on Wednesday.

By Prokopis Hatzinikolaou

By Marius Zaharia

Greece could be on the verge of making one of the fastest market comebacks of a defaulted sovereign ever recorded.

By Christina Kopsini

Auxiliary pensions are set for a drastic reduction following the abolition of 24 indirect taxes that raised revenues for social security funds, which is foreseen in the government’s new multi-bill.

 Timing will depend on the spread between Greek and Portuguese yields

By Sotiris Nikas

The government is moving ahead with its plan for emancipation from its international creditors through the issue of new sovereign debt, with the Finance Ministry speeding up its efforts so that the bonds can be successfully issued at the end of April.

After boosting consumer protection laws, Bulgaria's government will focus on strengthening regulatory bodies, according to Yordan Tsonev, MP from liberal party DPS.

In a Friday interview for Nova TV, Tsonev explained that the first step would be to increase the capacity of the Commission for Protection of Competition and make it more powerful.

There was a 26 percent rise in the number of Greeks complaining about the country’s public administration last year compared to 2012, according to the annual report compiled by the Ombudsman.

 Decision hinges on Greek Parliament’s voting on the multi-bill