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: 1412

Hurried Eurozone Entry Would Have Negative Impact on Bulgaria’s Economy – Deputy PM

Bulgaria’s economy is way behind the European average, meaning that if it were to join the eurozone, it would not be good for its economy, according to Deputy Prime Minister and Minister of Labor and Social Policy Ivaylo Kalfin.

Business » Finance | 8 hours ago | Viewed: 686

Unrefunded VAT to Bulgarian Companies at BGN 113.6 M by end-May

By May 31, 2015 the state owed BGN 113.

Business » Finance | July 6, 2015, Monday // 11:52 | Viewed: 1325

Moody’s Downgrades DSK and Raiffeisen Banks

The rating agency Moody’s has decreased the deposit rating of Bulgarian DSK Bank to Ba2/Not-Prime as well as the deposit rating of Raiffeisen Bank to Ba3/Not-Prime.

Business » Finance | July 4, 2015, Saturday // 15:45 | Viewed: 2381

ECB 'to Extend Backstop to Bulgaria' over Greece Crisis

The European Central bank is to extend a backstop facility to Bulgaria and could provide assistance to other countries in Southeast Europe in view of possible crisis contagion from Greece, Bloomberg reports.

Business » Finance | July 3, 2015, Friday // 14:54 | Viewed: 2640

Bulgarian Development Bank to Get EUR 150 M for Energy Retrofitting of Homes

The Bulgarian Development Bank (BDB) will receive EUR 150 M from the Council of Europe Development Bank for energy-related renovation of residential buildings.

Business » Finance | July 3, 2015, Friday // 07:36 | Viewed: 1770

Deposits in Bulgarian Banks Increased to Record Level in Past Year

The savings of citizens and non-profit organisations in Bulgarian banks increased by more than BGN 1.5 B in the past year.

Business » Finance | July 2, 2015, Thursday // 10:49 | Viewed: 1604

WSJ: International Investors in Bulgaria’s KTB Demand Their Money Back

A group of international investors have filed a claim to recover some of the USD 172 M it says it is owed by Bulgaria’s collapsed Corporate Commercial Bank, or KTB, The Wall Street Journal reported on Wednesday.

Business » Finance | July 1, 2015, Wednesday // 20:58 | Viewed: 2045

Bulgaria’s Government Debt Falls Slightly in May

Bulgaria’s government debt decreased to EUR 12.

Business » Finance | July 1, 2015, Wednesday // 17:01 | Viewed: 1710

Bulgaria’s Govt to Create Council Tasked with Eurozone Accession Preparations

Bulgaria’s government is to consider a proposal for the creation of a special council tasked with preparing Bulgaria for eurozone accession at a regular meeting on July 1.

Business » Finance | July 1, 2015, Wednesday // 11:32 | Viewed: 1893

Bulgaria Boasts BGN 850 M Budget Surplus in H1 2015

Bulgaria will close the first half of 2015 with a budget surplus of around BGN 850 M, according to preliminary data of the Finance Ministry.

Business » Finance | July 1, 2015, Wednesday // 10:25 | Viewed: 1837

Bulgaria Advises Travellers to Carry Enough Cash During Greece's Bank Holiday

Bulgarian nationals visiting neighbouring Greece this week will have to carry enough cash to pay for goods and services after Greek Prime Minister Alexis Tsipras announced a bank holiday and the introduction of capital controls.

Business » Finance | June 29, 2015, Monday // 18:31 | Viewed: 1952

Greece's Banking Restrictions 'Not to Affect Bulgaria'

The decision by Athens to shut down banks in the country this week has no legal force outside Greece and cannot be applied to Bulgaria, the Bulgarian National Bank (BNB) has said.

Business » Finance | June 29, 2015, Monday // 09:39 | Viewed: 3301

Bulgarians Working Abroad Sent Home Remittances Totaling USD 1.72 B in 2014

Bulgarians working abroad sent USD 1.72 B to relatives in their home country in 2014, according to a World Bank report on remittances.

Business » Finance | June 26, 2015, Friday // 12:19 | Viewed: 3662

Bulgarian Parliament Approves Lifting of Bank Secrecy at Second Reading

The Bulgarian Parliament approved on Thursday the lifting of the bank secrecy for banks declared insolvent.

Business » Finance | June 25, 2015, Thursday // 19:36 | Viewed: 3457

S&P warns of Possible Downgrades in SEE over Greek Crisis

Credit rating agency Standard and Poor's has warned of a possible downgrade of Bulgaria, Macedonia, Albania, Romania, and Serbia if the Greek crisis affects the banking systems of these countries.

Business » Finance | June 24, 2015, Wednesday // 20:10 | Viewed: 4475

Austrian Bank Hypo Noe Gruppe Opens Office in Sofia

Austrian bank group Hypo Noe Gruppe has opened an office in Bulgaria.

Business » Finance | June 24, 2015, Wednesday // 16:58 | Viewed: 3528

Bulgarian Households Made Bank Savings Amounting to BGN 126 M in May

In the month of May, Bulgarian households made bank savings amounting to BGN 126 M.

Business » Finance | June 23, 2015, Tuesday // 17:31 | Viewed: 3384

Bulgaria Parliament Committee to Hear C-Bank Head Candidates Next Week

A hearing of the four nominees to take over as the Governor of the Bulgarian National Bank (BNB) is due next week, Parliament's Budget and Finance Committee has announced.

Business » Finance | June 23, 2015, Tuesday // 17:29 | Viewed: 3040

Bulgarian National Bank Governor Submits Resignation Letter, to Step Down on July 10

The governor of the Bulgarian National Bank (BNB) Ivan Iskrov submitted his resignation letter on Tuesday, announcing that he will step down on July 10.

Business » Finance | June 23, 2015, Tuesday // 13:43 | Viewed: 3888

IFC Meeting Features Bulgarian Corporate Governance Models

A meeting of the International Finance Corporation (IFC) taking place June 17-26 has included a show of succesfull models of Bulgarian corporate governance.

Business » Finance | June 23, 2015, Tuesday // 10:40 | Viewed: 3382

Bulgaria C-Bank Governor 'Promised He Will Resign This Week'

Bulgarian National Bank (BNB) Governor Ivan Iskrov has voiced his commitment to resigning as early as this week, Finance Minister Vladislav Goranov has said.

Business » Finance | June 22, 2015, Monday // 14:30 | Viewed: 1797