Svilen Petrov

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Political turmoil pushed US indices on red

Share This On Social<p>The US indices ended Tuesday trading session on red territory after stock prices surrendered due to worries related with the …

China faces the risk from bank crisis

Share This On Social<p>China is one of the economies most exposed to the risk of bank crises, warned the Bank for International Settlements (BIS) in its …

Deal between E.ON and RWE changes the German energy sector

Share This On Social<p>The German energy giants in Germany RWE and E.On agreed to jointly acquire the assets of Innogy, which according to analysts is …

Digital payments may lead to the disappearance of the cash in China

Share This On Social<p>Chinese financial regulators does not reject the idea of ​​digital money, despite of the fact that they deny the …

Donald Trump is ready to cancel duties on steel and aluminum import for the EU against reciprocal measures

Share This On Social<p>The US President Donald Trump announced that he is ready to lift customs duties on imports of steel and aluminum for EU countries …

Romania targets joining the Eurozone by 2024

The delegates at the extraordinary congress of the ruling Social Democratic Party (SDP) in Romania voted for the country’s accession to the Eurozone …

Deutsche Bank senior managers will give up their annual bonuses

Share This On Social<p>Deutsche Bank senior managers will give up their annual bonuses, revealed the Chief Executive Officer John Cryan. This is …

Turkey's first nuclear power plant is unlikely to be ready in 2023

Share This On Social<p>Turkey’s first nuclear power plant is unlikely to be ready in 2023, as planned, as Russian company Rosatom has difficulties in …

Business lending by Italian banks is rising in January

Share This On Social<p>Business lending by Italian banks is rising in January at its fastest pace since December 2011, while the European Central Bank …

Serbia and Croatia signed memorandum for joint reconstruction of the Belgrade-Zagreb railway line

Share This On Social<p>Serbia and Croatia signed memorandum for joint reconstruction of the Belgrade-Zagreb railway line. The memorandum was signed …

Wealth of US households has reached 98.7 trillion USD in Q4 2017

The wealth of US households has reached 98.7 trillion USD in Q4 2017, thanks to the rise in the stock market and real estate prices. By comparison, …

British industrial production started the new year with rapid growth

British industrial production started the new year with rapid growth, but the downturn in the construction sector is deepening, suggesting that …

Comprehensive and Progressive Agreement for Trans-Pacific Partnership was concluded

The eleven countries on the two coasts of the Pacific Ocean have signed a free trade agreement. This is the third largest trade agreement in the …

Albania will ban imports of cars produced before 2009

Albania will ban imports of cars produced before 2009, released the country’s Tourism and Environment Minister Blendi Klosi. This step of the …

Amazon.com may soon achieve a market capitalization of 1 trillion USD

Share This On Social<p>Amazon.com may soon overtake Apple as most valuable cpompany and achieve a market capitalization of 1 trillion USD.<br>The Wall …

Foxconn targets the Chinese largest IPO

Share This On Social<p>Foxconn, which is largest subcontractor of Apple, is targeting an IPO for its communications network development unit, which may …

The EC asked refund of 2.7 billion EUR from customs fraud from the UK

Share This On Social<p>The European Commission has sent an official letter to the UK asking for a refund of 2.7 billion EUR for customs fraud. An OLAF …

Bulgaria shrinks its social protection costs

Share This On Social<p>Bulgaria allocated 12.7% of gross domestic product (GDP) for social protection in 2016, according to Eurostat’s latest data on …

Most British citizens expect the Bank of England to raise interest rates again

Share This On Social<p>Most British citizens expect the Bank of England (BoE) to raise interest rates again in the next 12 months, according to new …

The risks to the Eurozone are global need an immediate response

Share This On Social<p>The European Central Bank Governor Mario Draghi stressed the risks to Eurozone growth, as a result of the rising protectionism …

Technology development deepen economic divergences in the EU

Share This On Social<p>The technology development risks leaving the poorest countries in Europe, lagging regions and unskilled workers on the backstage, …

The US Secretary of State criticized Chinese financing in Africa

Share This On Social<p>The US Secretary of State Rex Tillerson warned the African countries to be careful not to lose their sovereignty when accepting …

The EU postpones implementation of the new rules for insurance services

Share This On Social<p>The Council of the European Union (EU) adopted the amendments to Directive 2016/97, postponing the application of the new rules …

Final investment decision for the EastMed pipeline will be taken in 2019

Share This On Social<p>Israel expects the final investment decision for the EastMed pipeline to be taken in 2019, revealed the Energy Minister Yuval …

British representatives do not expect a deal on Brexit before the end of the year

Share This On Social<p>British representatives do not expect to reach agreement on Brexit by the end of the year. The EU Chief Negotiator Michel Barnier …

The correction on the stock markets may reach 40%

The correction on the stock markets may reach 40% over the next two to three years, warned one of the senior managers of JPMorgan Chase Daniel Pinto. …

Donald Trump signed the decree for the import duties on steel and aluminum

The US President Donald Trump signed a decree to impose import duties on steel and aluminum. The new measure, which will enter into force after 15 …

Greece needs new investments to boost the revenues from quality tourism

Greece, the sixth most visited country by tourists in the European Union, can bring the travel industry to a whole new level if it pours more …

Bulgaria is among the leaders in bad loans in CEE according to Deloitte

Share This On Social<p>Bulgaria is among the leaders in bad loans in Central and Eastern Europe, according to the data from the financial advisor …

Saudi Arabian minister hinted that the IPO of Saudi Aramco may be postponed to 2019

The energy minister of Saudi Arabia hinted that the IPO of the state-owned oil company Saudi Aramco may be postponed to 2019, delaying Crown Prince …