Economy

Bulgaria's Overgas Claims It Has No Overdue Debts to Gazprom

The Bulgarian-Russian natural gas company Overgas claimed on Saturday that it has no overdue debts to any organizations, including Gazprom Export.

This statement comes in response to the dispute between Overgas and Gazprom, which threatened to leave the customers of the former without gas supplies from January 1.

Bulgarian Employers Plan 4-5 % Increase of Salaries in 2016

Bulgarian employers are planning an increase of salaries by 4-5 % in the new year.

This is shown by a study conducted for private bTV station among the members of the Bulgarian Industrial Capital Association (BICA).

The employers are moderate optimists for the new year, but uncertainty remains.

Economy in review 2015

1) Markets see sharp routs ahead of Fed's rate move

The U.S. Federal Reserve finally raised interest rates on Dec. 16, 2015, ending an extraordinary period of government intervention in the financial markets that started at the height of the recession.  

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