Business cycle

What expectations do you have of the new government?

"The government should not undertake reckless measures which would wreck everything the economy has created in recent years - for its own sake and for the sake of the country. If the economy is supported by appropriate political decision making, we can achieve a target of EUR 60,000 of value added per employee and EUR 50bn in exports by 2025.

NSI: The Bulgarian Business Climate in Construction and Services is Deteriorating

In September, the overall business climate indicator declined by 1.5 points compared to August. This is due to the unfavorable economic conjuncture in the construction and service sector, according to the regular Business Surveys of the National Statistical Institute. The main factors hampering business continue to be linked to the precarious economic environment and labor shortages.

Greek shipping turns to local lenders

Three Greek banks - Piraeus, National and Alpha - are among the world's top 40 lenders in financing oceangoing shipping, as the Greek credit sector has increased its share in funding Greek shipping companies in the face of a global reduction in marine lending, according to 2017 data compiled by Petrofin Bank Research.