New Year's Day

Bulgaria Registers BGN 250 M Budget Surplus for First Quarter of 2015

According to preliminary data of Bulgaria's Finance Ministry, the country will register a budget surplus of BGN 250 M for the first quarter of the new year.

This will be the first surplus recorded in the first quarter of the year since 2009, the ministry's press service reports.

A fishy story

It is all about a shift of dates. The idea came upon Charles IX, the King of France, to announce the start of the New Year on Jan. 1 in an attempt to unite all New Year's celebrations on a single day.

Nevruz traditions among the Kurds

One of the earliest references to Nevruz is in the 11th century Divanü Lügati't-Türk, and one of the earliest legends points to its Kurdish origins All sorts of flowers open in spring
The bed of silk cloth has been spread out
Paradise's place has been spied, its sides warm
Cold won't come now.
-    Dîvanü Lügati't-Türk (11th century)

IMF Calls for Better Banking Supervision in Bulgaria

The IMF called for better banking supervision in Bulgaria in the concluding statement of its mission to the country, which was released on Friday.

The IMF notes that the collapse of Corporate Commercial Bank (KTB) and the deterioration in the fiscal balance tested the country's macroeconomic and financial stability.

Euro down on Greece fears, equities mixed ahead of break

The euro weakened Tuesday after the showdown debt talks between Greece and its creditors collapsed, raising the prospect the country will be dumped out of the eurozone.

However, many equity markets were unfazed by the trouble in Europe as trade begins to wind down in several Asian bourses before the Lunar New Year holiday at the end of the week.