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Bulgaria's Ombudsman Predicts 'Avalanche Of Lawsuits' Regarding KTB

Bulgaria's courts will be flooded by “an avalanche of lawsuits” with connection to the Corporate Commercial Bank (KTB), Bulgaria's Ombudsman Konstantin Penchev told the BNR public broadcaster.

Business » Finance | 1 hour ago | Viewed: 176

Bulgaria’s End-August Gross Foreign Debt Rises 2.2% Y/Y

Bulgaria’s gross foreign debt totalled EUR 38.2B as of end-August, increasing 2.2% from a year earlier and 2.3% higher compared with end-2013, the central bank has said.

Business » Finance | 3 hours ago | Viewed: 296

KTB Directors: BNB Report Is 'A Lampoon'

fter keeping the Corporate Commercial Bank (KTB) in a coma for four months, yesterday Bulgaria's Central Bank (BNB) presented to the public an irresponsible lampoon, not a professional audit analysis, said the suspended KTB executive directors in an open

Business » Finance | October 23, 2014, Thursday // 20:24 | Viewed: 940

Deposits In Bulgaria's Banks Up BGN 531 M In September

The deposits in Bulgaria's banks grew by BGN 531 M in September, shows data of the Bulgarian National Bank.

Business » Finance | October 23, 2014, Thursday // 19:01 | Viewed: 541

EU Bank Watchdog Urges Bulgaria to Ensure Instant Access to KTB Deposits

European Banking Authority said Monday Bulgaria should allow immediate access of depositors at Corporate Commercial Bank (Corpbank, KTB) to their savings.

Business » Finance | October 21, 2014, Tuesday // 09:42 | Viewed: 1302

Conservators at Bulgaria’s Corpbank Submit Audit Report

The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit of the financial institution.

Business » Finance | October 20, 2014, Monday // 19:26 | Viewed: 1253

Finance Ministry Reopens 10.5-Year Issue of BGN-Denominated Govt Securities

Bulgaria’s Finance Ministry reopened the 10.5 year issue of Government Securities (GS) issued on 15 January 2014 with maturity 15 July 2024.

Business » Finance | October 20, 2014, Monday // 18:53 | Viewed: 760

Tsvetan Vasilev: BNB Not Willing to Discuss Options to Restructure Corpbank

Bulgaria's central bank is resorting to "absurd" excuses to avoid carrying out its legal duties about Corporate Commercial Bank (Corpbank or KTB), its owner has said.

Business » Finance | October 20, 2014, Monday // 13:54 | Viewed: 1026

Russian Bank To Acquire Bank Victoria?

Rossiyskiy Kredit Bank wants to acquire 100% of the capital of Bulgaria's Victoria commercial bank (formerly Credit Agricole Bulgaria), part of the troubled Corporate Commercial Bank (KTB), reports BGNES.

Business » Finance | October 18, 2014, Saturday // 12:14 | Viewed: 1913

Bulgaria Posts EU's Largest Annual Deflation Rate in September

Euro area annual inflation was 0.3% in September 2014, down from 0.4% in August which is the lowest rate recorded since October 2009, according to Eurostat statistics.

Business » Finance | October 16, 2014, Thursday // 17:54 | Viewed: 1271

Payment Of Guaranteed Deposits In KTB To Begin In November

The payment of the guaranteed deposits in Bulgaria's troubled Corporate Commercial Bank (KTB) and its daughter bank Victoria (formerly Credit Agricole Bulgaria) would start in November, said Bulgaria's caretaker Finance Minister Rumen Porozhanov, quoted b

Business » Finance | October 15, 2014, Wednesday // 15:45 | Viewed: 1748

Depositors Storm KTB Headquarters, Blockade Streets

Customers of troubled Corporate Commercial Bank (Corpbank or KTB) tried to enter the bank's main building at Sofia's Garibaldi Square on Tuesday.

Business » Finance | October 14, 2014, Tuesday // 14:59 | Viewed: 1460

Bulgaria's Trade Balance Posts EUR 157.7M Deficit in August

The current and capital account recorded a surplus of EUR 476.4M in August 2014, compared to a surplus of EUR 931.3M in August 2013, according to data, provided by Bulgaria's National Bank.

Business » Finance | October 14, 2014, Tuesday // 14:58 | Viewed: 996

Protests Continue over State Policies on KTB

Tens of depositors and activists gathered in front of the Bulgarian National Bank's headquarters in Sofia to demand a swift recovery of Corporate Commercial Bank (KTB).

Business » Finance | October 13, 2014, Monday // 20:02 | Viewed: 1222

Bulgarian Watchdog Reports 103 Flawed Public Procurement Deals in Q3, 2014

Bulgaria’s Public Financial Inspection Agency (PFIA) has detected 103 flawed public procurement deals in 173 probes in the third quarter of 2014.

Business » Finance | October 10, 2014, Friday // 17:10 | Viewed: 1403

Bulgarians Keep BGN 400 M In Swiss Banks

Bulgarian citizens keep around BGN 400 M in Swiss banks, according to estimates of the National Revenue Agency, quoted by the Pressa daily.

Business » Finance | October 10, 2014, Friday // 10:11 | Viewed: 1381

Bulgarian Emigrants Send To Relatives BGN 2.3 B Per Year

Bulgarian emigrants send to relatives in Bulgaria more than BGN 2.3 B per year, shows 2013 data of the World Bank, quoted by Irena Zareva of the Institute for Economic Studies at the Bulgarian Academy of Sciences (BAN).

Business » Finance | October 9, 2014, Thursday // 14:06 | Viewed: 1366

Bulgaria’s Caretaker Govt Adopts Declaration of EU, Switzerland on Corporate Taxation

Bulgaria’s caretaker government has adopted a joint declaration of EU Member States and Switzerland on corporate taxation.

Business » Finance | October 8, 2014, Wednesday // 17:39 | Viewed: 1561

Bulgarian Development Bank Reports 35% Increase in Net Profit Y/Y in Jan-Sept 2014

The Bulgarian Development Bank (BDB) reported a net profit of BGN 23.7 M, up by 35% on the year, for the first nine months of 2014.

Business » Finance | October 8, 2014, Wednesday // 17:00 | Viewed: 1195

KTB Majority Owner Accuses Law Firm of Plotting Against His Bank

A law firm servicing "the respective blackmailers who turned into the liquidators of Corporate Commercial Bank (KTB)" is behind all schemes played out against the bank, businessman Tsvetan Vasilev has argued.

Business » Finance | October 8, 2014, Wednesday // 14:42 | Viewed: 1481

Deficit Hike Dents Key Bulgarian Rating Strength, Fitch Says

The budget revisions proposed by the caretaker cabinet highlight how over-spending, slower growth forecasts and bank runs i will weigh on Bulgaria’s public finances, Fitch Ratings has said.

Business » Finance | October 8, 2014, Wednesday // 11:12 | Viewed: 938