Business » Finance

Protest Rally in Sofia Demands KTB Reopening

A protest rally in front of the central bank building in Sofia on Friday demanded the reopening of Corporate Commercial Bank (KTB or Corpbank), state radio BNR reported.

Business » Finance | August 29, 2014, Friday // 18:55 | Viewed: 612

Depositors at Bulgaria's Ailing Corpbank May Get Partial Access to Funds

Caretaker Finance Minister Rumen Porozhanov has said that depositors may get partial access to their funds at Bulgaria's troubled Corporate Commercial Bank (KTB, Corpbank) in September.

Business » Finance | August 29, 2014, Friday // 10:25 | Viewed: 1012

Bulgaria's KTB Can Be Rescued, Experts Say

The Expert Consultative Council on KTB, a Bulgarian business representatives', has proposed a list of measures to rescue the troubled lender without burden to taxpayers.

Business » Finance | August 28, 2014, Thursday // 16:45 | Viewed: 1273

Former PM Kostov Urges Fast Action to Rescue KTB

Bulgaria’s former Prime Minister Ivan Kostov on Thursday said there are two options to rescue the troubled Corporate Commercial Bank (KTB).

Business » Finance | August 28, 2014, Thursday // 14:18 | Viewed: 808

Bulgaria's Caretaker Govt Slashes BGN 500M Public Investment Program by BGN 150M

The budget of the government's public investment program "Growth and Sustainable Regional Development" will be downsized by BGN 150M from BGN 500M, according to caretaker Finance Minister Rumen Porozhanov.

Business » Finance | August 27, 2014, Wednesday // 18:05 | Viewed: 900

1/3 Of Sums Withdrawn In June Put Back In Banks

One third of the money, withdrawn from Bulgarian banks in June was deposited back in the banks, shows data of the Bulgarian National Bank (BNB).

Business » Finance | August 25, 2014, Monday // 18:21 | Viewed: 843

Majority Owner Says Being Close to KTB Rescue Plan

Corpbank’s majority owner on Monday said he was working hard to restructure the lender jointly with the State General Reserve Fund of Oman and other interested investors.

Business » Finance | August 25, 2014, Monday // 11:55 | Viewed: 1388

Bulgaria's Ombudsman Accuses Central Bank of Inaction over Corpbank

Bulgaria's National Ombudsman Konstantin Penchev has accused the Bulgarian National Bank (BNB) of inaction in the case of troubled Commercial Corporate Bank (KTB).

Business » Finance | August 25, 2014, Monday // 11:16 | Viewed: 1010

Bulgaria's Interim Finmin Porozhanov Voices Concern about KTB

Interim Finance Minister Rumen Porozhanov has voiced concern about the impact of putting Corporate Commercial Bank under special supervision on Bulgaria’s banking system.

Business » Finance | August 20, 2014, Wednesday // 17:53 | Viewed: 1584

53% of Bulgarians Do Not Trust Banking System – Poll

Some 53% of Bulgarians do not trust the banking system in the country, according to a survey conducted by Gallup International.

Business » Finance | August 20, 2014, Wednesday // 12:32 | Viewed: 1139

Kiril Ananiev Appointed Caretaker Deputy Finance Minister

Kiril Ananiev has been appointed Deputy Finance Minister in the caretaker government led by PM Georgi Bliznashki.

Business » Finance | August 19, 2014, Tuesday // 15:15 | Viewed: 926

Depositors in KTB to Protest in Several Bulgarian Cities

Depositors in Corporate Commercial Bank (KTB) will rally in several Bulgarian cities this afternoon to demand immediate access to their accounts.

Business » Finance | August 19, 2014, Tuesday // 14:04 | Viewed: 1354

Bulgaria's Radnevo Municipality Virtually Bankrupt

The southern Bulgarian municipality of Radnevo is virtually bankrupt, according to the Mayor, Yulian Ilchev.

Business » Finance | August 18, 2014, Monday // 14:33 | Viewed: 1089

Sofia Branch of NRA Reports 10% Increase In Revenue

By end of July the Sofia branch of Bulgaria's National Revenue Agency (NRA) collected more than BGN 2.

Business » Finance | August 15, 2014, Friday // 11:44 | Viewed: 905

Bulgaria’s June C/A surplus grows

Bulgaria’s current and capital account showed a surplus of EUR 582.

Business » Finance | August 14, 2014, Thursday // 16:27 | Viewed: 1131

Bulgarian Customs Agency Lagging Behind Collection Target by BGN 500M

Bulgaria's Customs Agency is lagging behind its collection target by nearly BGN 500 M.

Business » Finance | August 14, 2014, Thursday // 15:11 | Viewed: 1004

All Bulgarian Ministries to Undergo Audits by August 25

All ministries will be subject to audits in the period August 15-25 as part of a set of priority economic measures of Bulgaria's caretaker government.

Business » Finance | August 14, 2014, Thursday // 12:47 | Viewed: 848

Bulgaria's GDP Sees Increase of 1.6% in Q2 2014 Y/Y

Bulgaria's Gross Domestic Product (GDP) expanded by 1.6% in Q2 2014 over the same quarter of the previous year and by 0.5% compared to Q1 2014.

Business » Finance | August 14, 2014, Thursday // 12:13 | Viewed: 1348

Bulgaria to Aim to Contain 2014 Budget Gap Below 3%/GDP

Bulgaria’s 2014 budget gap will be above plan but the interim cabinet will try to contain it below the three-percent ceiling required by the EC.

Business » Finance | August 12, 2014, Tuesday // 17:30 | Viewed: 1034

Credit Agricole Bulgaria Renamed To Commercial Bank Victoria

The bank Credit Agricole Bulgaria is renamed to Commercial Bank Victoria, reports, quoting an entry in the Commercial Registry from August 8.

Business » Finance | August 11, 2014, Monday // 16:20 | Viewed: 1463

Bulgaria’s Ombudsman Urges Central Bank to Move Faster on KTB

Bulgaria's Ombudsman on Thursday urged the central bank to be more flexible in managing its restrictions on KTB bank to alleviate the plight of the bank’s clients.

Business » Finance | August 7, 2014, Thursday // 16:33 | Viewed: 1247
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria