Ukraine Issues Stark Warning: Third World War if Russia Prevails!
Ukraine's Prime Minister, Denys Shmyhal, issued a stark warning, stating that a third world war would erupt if Russia emerged victorious in the ongoing conflict
BNP Paribas, France's largest bank by market capitalization, has announced plans to pull back from Ukraine.
Its chief financial executive Lars Machenil however added BNP does not mull leaving other countries to the east of Europe, such as Turkey and Poland, website Investor.bg reports.
Earlier, officials from the bank had said that by 2015, 84 branches are to be closed and 1600 job cuts made in the country.
Ukraine's crisis following a change of power and the incorporation of its Crimean peninsula into Russia has led many international businesses and investors to reconsider their activities in the country.
Last week experts quoted by Die Welt predicted that French banks could suffer the most from a prolonged conflict and sanctions against Russia that are being debated at a EU-level.
Machenil also explained that, although its main financial activities are focused on the US, Asia and Germany, BNP Paribas is considering an expansion in Poland and Turkey "in the medium to long term".
The bank also has branches in Bulgaria, where net profit was BGN 165 000 in 2013, raising its assets to more than BGN 453 M.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022