Business » Finance

Sofia City Court Halts Insolvency Proceedings at KTB

The Sofia City Court has stopped insolvency proceedings launched at Corporate Commercial Bank (KTB).

Business » Finance | November 24, 2014, Monday // 11:39 | Viewed: 825

EIB Lends EUR 500 M To Bulgaria

The European Investment Bank (EIB) is lending to Bulgaria EUR 500 M for co-financing priority projects supported by EU funds during the 2014 – 2020 Programming Period, said Bulgaria's Finance Ministry.

Business » Finance | 2 hours ago | Viewed: 206

Bulgaria’s Finance Ministry Cuts Judiciary Budget Proposal by BGN 80 M

Bulgaria’s Finance Ministry has downsized the judiciary budget requested by the Supreme Judicial Council (VSS) for 2015 by over BGN 80 M.

Business » Finance | 9 hours ago | Viewed: 403

Bulgaria's 2015 Draft Budget Includes Minimum Wage Freeze

Keeping the minimum wage at its 2014 levels and slashing money for salaries in the administration by 10 percent are among the core points of next year's draft budget published on the Finance Ministry's website.

Business » Finance | November 26, 2014, Wednesday // 12:47 | Viewed: 527

Reuters: Bulgaria Picks 2 Local, 2 Int'l Banks for Bridge Loan

Two Bulgarian and two local banks have been chosen to provide a bridge loan worth EUR 1.

Business » Finance | November 25, 2014, Tuesday // 21:09 | Viewed: 1002

Holders of Guaranteed Deposits in Bulgaria's KTB Number 255 000

There are 255 000 depositors whose money in Corporate Commercial Bank (KTB) is guaranteed under the law, newly-appointed Deposits Insurance Fund Chairman Radoslav Milenkov has said.

Business » Finance | November 25, 2014, Tuesday // 16:30 | Viewed: 977

State Aid to FIB in Line with EU Rules, Commission Says

The European Commission said on Tuesday it has found that liquidity support granted by Bulgaria to First Investment Bank (FIB) was in line with EU state aid rules.

Business » Finance | November 25, 2014, Tuesday // 14:46 | Viewed: 687

Finance Ministry To Present Draft Budget Report

Bulgaria's Finance Ministry will present a report on the draft budget for 2015 and forecasts for 2016-2017 to the parliamentary budget committee.

Business » Finance | November 25, 2014, Tuesday // 08:01 | Viewed: 558

Finance Ministry Reopens 7-Year Issue of EUR-Denominated Govt Securities

Bulgaria’s Finance Ministry has reopened the 7 year issue of EUR denominated Government Securities (GS) issued on April 30, 2014 with maturity February 12, 2021.

Business » Finance | November 24, 2014, Monday // 20:26 | Viewed: 693

Banks to Repay KTB Deposits Unveiled

Bulgaria's Bank Deposit Insurance Fund has announced the names of the nine banks to be in charge of reimbursing deposits at Corporate Commercial Bank (Corpbank or KTB) from December 4.

Business » Finance | November 24, 2014, Monday // 14:52 | Viewed: 1206

Finance Minister Denies Reports of Ivan Iskrov's Appointment To Black Sea Trade and Development Bank

Bulgaria's Finance Minister Vladislav Goranov denied the reports that Ivan Iskrov, Governor of Bulgaria's Central Bank (BNB), will be appointed representative of Bulgaria at the Thessaloniki-based Black Sea Trade and Development Bank (BSTDB).

Business » Finance | November 24, 2014, Monday // 08:56 | Viewed: 811

Sofia City Court To Hold First Hearing Of KTB Insolvency Case

The Sofia City Court will hold its first session on the Corporate Commercial Bank (KTB) insolvency case on Monday.

Business » Finance | November 24, 2014, Monday // 07:20 | Viewed: 945

Bulgaria’s Bank of the Year Association Organizes Conference on Banking Stability

An international conference titled “Banking stability” organized by the Bank of the Year Association will take place on December 3 at the National Archaeological Museum in Sofia.

Business » Finance | November 23, 2014, Sunday // 20:06 | Viewed: 968

Bulgaria C-Bank Governor 'Likely to Resign end-November'

Bulgarian National Bank (BNB) governor Ivan Iskrov is likely to step down by the end of November, sources in Parliament say.

Business » Finance | November 21, 2014, Friday // 13:08 | Viewed: 1262

Bulgaria Plans to Reintroduce 10% Bank Deposit Interest Tax

Bulgaria plans to increase tax on interest earned on bank deposits to 10% from next year, restoring the levy to its initial level, the head of budget commitee in Parliament Menda Stoyanova has said.

Business » Finance | November 21, 2014, Friday // 08:39 | Viewed: 1300

Sofia Court Suspends Insolvency Proceedings Against KTB

Sofia City Court has said it will have to suspend insolvency proceedings against Corporate Commercial Bank, or KTB, following an appeal by majority owner Bromak.

Business » Finance | November 20, 2014, Thursday // 16:23 | Viewed: 1385

Bulgaria's C-bank Unveils Two-Lev Coin

Bulgaria's central bank on Wednesday said it approved the design of a two-lev coin that will replace paper notes of the same face value next year.

Business » Finance | November 19, 2014, Wednesday // 21:59 | Viewed: 1868

Bulgaria C-bank Orders Victoria Bank to Start Servicing Depositors from Dec 12

Bulgaria's central bank on Wednesday ordered administrators of Victoria Bank to resume servicing all depositors as of 12 December.

Business » Finance | November 19, 2014, Wednesday // 18:13 | Viewed: 1413

Bulgaria's Deposit Insurance Fund Head Resigns

Rosen Nikolov, head of Bulgaria's Deposits Insurance Fund (DIF) had resigned, the government's press office announced on Wednesday.

Business » Finance | November 19, 2014, Wednesday // 14:29 | Viewed: 1369

Parliament To Debate On Reintroduction of Progressive Personal Income Tax

Bulgaria's Parliament will discuss at first reading on Wednesday draft amendments to personal income tax law and the reintroduction of progressive tax.

Business » Finance | November 19, 2014, Wednesday // 11:18 | Viewed: 1057

Reuters: Bulgaria Seeking to Borrow EUR 1.3 B from Foreign Banks

Bulgaria is seeking to raise some EUR 1.

Business » Finance | November 18, 2014, Tuesday // 18:02 | Viewed: 1065

Budget Committee Gives Bulgaria Gov't Green Light for New Borrowing

The Budget and Finance Committee at Bulgaria's Parliament has given the government a mandate to start talks over a fresh foreign borrowing of up to BGN 3 B.

Business » Finance | November 18, 2014, Tuesday // 16:06 | Viewed: 889