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: 1490

Bulgaria Fin Min Expects 0.7% Budget Surplus as of End-August

Bulgaria’s central government budget is expected to show a surplus of BGN 601M equivalent to 0.7% of the projected 2015 GDP as of August 31, the Finance Ministry said on Monday.

Business » Finance | August 31, 2015, Monday // 20:33 | Viewed: 1294

Bulgaria Reports 0.9% Budget Surplus as of End-July

Bulgaria’s central government budget showed a surplus of BGN 789M equivalent to 0.

Business » Finance | August 31, 2015, Monday // 19:59 | Viewed: 1532

Bulgaria’s C-Bank to Replace BGN 2 Banknotes with BGN 2 Coins by end-2015

The Bulgarian National Bank (BNB) will release a new BGN 2 coin to replace the BGN 2 banknotes by end-2015.

Business » Finance | August 29, 2015, Saturday // 10:05 | Viewed: 1699

Bulgaria’s EconMin Proposing Tenfold Rise in Fuel Fraud Fines

Bulgaria’s Economy Ministry is proposing to increase the fines for fraud at the fuel pump at least 10 times, Economy Minister Bozhidar Lukarski has said.

Business » Finance | August 24, 2015, Monday // 21:39 | Viewed: 1498

Government Nominates C-Bank Head as Governor for Bulgaria in IMF

The government nominated on Wednesday the Governor of the Bulgarian National Bank (BNB) Dimitar Radev as Governor for Bulgaria in the International Monetary Fund (IMF).

Business » Finance | August 19, 2015, Wednesday // 13:00 | Viewed: 1697

Foreign Direct Investment in Bulgaria Reaches Almost EUR 800 M in H1

According to preliminary figures of the Bulgarian National Bank (BNB), which were released on Monday, the foreign direct investment in the country in the first half of the year amounted to EUR 799.6 M.

Business » Finance | August 17, 2015, Monday // 15:50 | Viewed: 2128

Bulgaria 'Satisfied' with Greece's Move to Scrap Withhdolding Tax

The Bulgarian Finance Ministry has voiced its content with the move by Greece to revoke a 26% withholding tax on transactions from sources in Bulgaria, Cyprus and Ireland.

Business » Finance | August 17, 2015, Monday // 14:02 | Viewed: 2431

Greece 'Being Forced to Cancel' Witholding Taxes on Sources Abroad

Greece might be forced into abandoning the 26% withholding tax it imposed in March on all transactions from sources in Bulgaria, Cyprus and Ireland, recent media reports suggest.

Business » Finance | August 13, 2015, Thursday // 11:45 | Viewed: 2283

Bulgaria Has Budget Surplus of BGN 890 M at End of June

At the end of June, Bulgaria had a budget surplus of BGN 890 M, which represented 1.1 % of the projected Gross Domestic Product (GDP).

Business » Finance | August 12, 2015, Wednesday // 14:59 | Viewed: 1679

Deflation in Bulgaria Measures 0.2 % in July

The index of consumer prices in July stood at 99.8 % compared to June, meaning that there was a monthly deflation of 0.2 %.

Business » Finance | August 12, 2015, Wednesday // 13:06 | Viewed: 2145

Postbank Launches BGN 30 M Credit Line In Support of Small Companies

Postbank will provide support to micro, small, and medium-sized enterprises in Bulgaria through loans worth a total of BGN 30 M granted under preferential terms.

Business » Finance | August 5, 2015, Wednesday // 15:41 | Viewed: 2171

Bulgaria’s Government Debt Dips Slightly in June

Bulgaria’s government debt totalled EUR 12.

Business » Finance | August 4, 2015, Tuesday // 12:36 | Viewed: 2070

Piraeus 'in Talks' with NBG Group to Merge into Bulgaria's UBB

Greece-based Piraeus Bank is negotiating with the National Bank of Greece (NBG) group over a potential merger into United Bulgarian Bank, owned by NBG, media reports suggest.

Business » Finance | August 1, 2015, Saturday // 10:53 | Viewed: 6963

Bulgaria Turns to Budget Surplus of 1.1% of GDP at End-June

Bulgaria’s central government budget showed a surplus of BGN 890M equivalent to 1.

Business » Finance | July 31, 2015, Friday // 21:03 | Viewed: 3266

Bulgaria C-Bank to Unveil Supervision Boosting Measures by End-September

Bulgaria’s central bank BNB said on Thursday it will publicly unveil a plan for the strengthening of its banking supervision role by the end of September 2015.

Business » Finance | July 30, 2015, Thursday // 20:56 | Viewed: 2127

Amendments to Bulgaria’s Bank Insolvency Act Pass 2nd Reading in Parliament

Bank Insolvency Act amendments aimed at allowing easier access of creditors to information related to the insolvency proceedings passed second reading in Parliament on Wednesday.

Business » Finance | July 29, 2015, Wednesday // 21:30 | Viewed: 2312

Bulgaria's Parliament Endorses Proposed C-Bank Deputy Governors

Bulgaria’s Parliament on Wednesday voted into office the three deputy governors of the central bank BNB proposed by the BNB head Dimitar Radev, BNT TV channel reported.

Business » Finance | July 29, 2015, Wednesday // 12:20 | Viewed: 2240

Bulgaria MPs to Vote on Appointment of C-Bank Deputy Governors

Parliament is to vote Wednesday on the appointment of the three Deputy Governors at the country's central bank, the Bulgarian National Bank (BNB).

Business » Finance | July 29, 2015, Wednesday // 10:25 | Viewed: 1966

Bulgaria’s May Gross Foreign Debt Down 4% from 2014

Bulgaria’s gross foreign debt decreased by 1.

Business » Finance | July 28, 2015, Tuesday // 13:17 | Viewed: 2215

Banking Supervision in Bulgaria 'Not Strictly Applied' in Past Years

Banking supervision procedures were not strictly applied in Bulgaria in recent years, the head of the country's national auditing body has said.

Business » Finance | July 27, 2015, Monday // 11:03 | Viewed: 2394

Fight against Smuggling Has Fetched Revenues of over BGN 2 B - Bulgaria’s PM

Bulgaria’s Prime Minister Boyko Borisov has claimed that anti-smuggling measures have generated over BGN 2 B in budget revenue since the beginning of 2015.

Business » Finance | July 27, 2015, Monday // 09:56 | Viewed: 2160