Business » Finance

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: 868

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: 961

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: 541

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: 783

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: 1746

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: 1234

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: 1701

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: 1443

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: 986

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: 1214

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: 1401

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: 1371

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: 1348

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: 1560

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: 1188

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: 1468

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: 934

IMF Lowers Bulgaria's Economic Growth Forecast

The International Monetary Fund (IMF) has lowered its forecast for Bulgaria's economic growth in 2014-2015, while expecting zero inflation this year.

Business » Finance | October 7, 2014, Tuesday // 18:25 | Viewed: 1223

Bulgaria’s Finance Ministry Reopens 5-year Issue of BGN-Denominated Govt Securities

Bulgaria’s Ministry of Finance reopened for the 4th time this year the 5 year issue of Government Securities (GS) with nominal value BGN 55 million, issued on 22 January 2014 and with maturity 22 January 2019.

Business » Finance | October 7, 2014, Tuesday // 10:49 | Viewed: 659

Bad, Restructured Corporate Loans in Bulgaria up by BGN 43 M in August

Bad and restructured corporate loans went up by BGN 43 M in August to a rate of BGN 9.67 B, according to data of the Bulgarian National Bank (BNB).

Business » Finance | October 6, 2014, Monday // 13:17 | Viewed: 796

Bulgaria’s Caretaker Govt Approves Draft Update of Budget 2014

Bulgaria’s caretaker government has approved a budget update.

Business » Finance | October 1, 2014, Wednesday // 21:04 | Viewed: 1247