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The development at Fibank prompted the state to intervene and prevent a bigger run, which had not been the case with KTB a week earlier. File photo, BGNES
The Bulgarian government has allowed the Finance Minister to end a contract with First Investment Bank (Fibank) under which the financial company received state aid to prevent a collapse.
The contract, approved by the European Commission, has been already fulfilled on behalf of Fibank, the cabinet notes in a press statement.
In May, the bank repaid the BGN 1.2 B state aid it was provided two years earlier.
Fibank, Bulgaria's third-largest lender, was in urgent need of liquidity support a week after the collapse of Corporate Commercial Bank (KTB) in June 2014 when depositors withdrew BGN 800 M from the bank in a single day due to the dissemination of false information.
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The defendant Tsvetan Vasilev is no longer wanted by Interpol, the information was confirmed for BTA by Vasilev's lawyer Konstantin Simeonov
The Bulgarian Socialist Party (BSP) will ask the Specialised Prosecutor’s Office to publish a list of politicians financed by bankrupt Corporate Commercial Bank (CorpBank or KTB), according to the words of the leader of the party Korneliya Ninova, quoted
''The Corporate Commercial Bank'' case went to the court.
President Rumen Radev has published the written account of consultations held at the Presidential institution on July 14, 2014.
The Prosecutor’s Office will try to prepare the indictment on the KTB affair by the beginning of the summer court recess.
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
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