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: 1296

Bulgaria, Romania Sign Joint Declaration on Energy Cooperation

The energy ministers of Bulgaria and Romania, Temenuzhka Petkova and Andrei Gerea, and the foreign ministers of the two countries, Daniel Mitov and Bogdan Aurescu, have signed a joint declaration on regional energy cooperation.

Business » Finance | April 24, 2015, Friday // 18:02 | Viewed: 1372

Minimum Wage in Bulgaria to Reach EUR 230 in 2017

Bulgaria will raise minimum wage in 2016 and in 2017, but will freeze it the year after, according to a medium-term budget forecast of Bulgaria's government approved on Wednesday.

Business » Finance | April 22, 2015, Wednesday // 19:52 | Viewed: 1541

Bulgaria's KTB Officially Slides into Insolvency after Court Ruling

The Sofia City Court has declared the state of bankruptcy of Bulgaria's Corporate Commercial Bank (KTB) and announced the initial date of its insolvency was November 6, 2014.

Business » Finance | April 22, 2015, Wednesday // 14:35 | Viewed: 1731

Eurostat 'Has Reservations' about Bulgaria's 2014 Deficit Data

Bulgaria had the EU's third-lowest debt and a 2.

Business » Finance | April 21, 2015, Tuesday // 16:14 | Viewed: 1829

Bulgaria C-Bank 'Warned Greek-Owned Banks' over Grexit Scenario

Bulgaria's central bank recommended Greek-owned banks to clean their portfolios of securities and deposits which "could incur losses" if Greece leaves the euro, media reports suggest.

Business » Finance | April 20, 2015, Monday // 12:38 | Viewed: 1485

Foreign Direct Investment in Bulgaria Down 6.9% Y/Y in Jan-Feb 2015

Foreign direct investment in Bulgaria amounted to EUR 128.2 million (0.3% of GDP) in January – February 2015, down by EUR 9.5 million (6.9%) from January – February 2014 (EUR 137.7 million, 0.3% of GDP), according to preliminary data.

Business » Finance | April 17, 2015, Friday // 16:00 | Viewed: 1182

Tsvetan Vasilev: Central Bank's Actions on KTB 'Prove Dependencies'

Bulgarian Central Bank BNB's position on the developments at Corporate Commercial Bank (Corpbank or KTB) is a clear sign of the financial authority's "strong dependencies", KTB majority owner Tsvetan Vasilev has said.

Business » Finance | April 14, 2015, Tuesday // 13:17 | Viewed: 1260

Bulgaria’s Finance Ministry Boasts about Success of Newly Issued Bonds on Secondary Market

The three bonds newly issued under Bulgaria’s Global medium-term programme have performed extremely well on the secondary market.

Business » Finance | April 8, 2015, Wednesday // 14:00 | Viewed: 1323

Bulgaria’s Finance Minister: Differentiated VAT Rates Are Tough to Administer

Bulgaria’s Finance Minister Vladislav Goranov has ruled out proposals to introduce differential VAT rates on food products.

Business » Finance | April 7, 2015, Tuesday // 12:06 | Viewed: 1386

SMEs in Northwestern Bulgaria to be Granted EU Funds with Priority

The small and medium-sized enterprises (SMEs) from Northwestern Bulgaria will be granted EU funds with priority when applying with projects for improving their production capacity.

Business » Finance | April 6, 2015, Monday // 15:55 | Viewed: 1323

Tsvetan Vasilev to Take Bulgaria to Court over KTB

Bulgarian businessman Tsvetan Vasilev has argued that an attack was carried out on his bank by an insider, but the scenario for bringing it to a "default" was prepared "from outside.

Business » Finance | April 6, 2015, Monday // 12:55 | Viewed: 1627

Bulgaria Court to Hold Hearing on KTB Insolvency Case on 15 April

The Sofia City Court (SCC) has resumed proceedings on the insolvency case of Corporate Commercial Bank (Corpbank or KTB).

Business » Finance | April 3, 2015, Friday // 16:37 | Viewed: 1838

Bulgarian Banks Register 31.6% Increase in Revenues

The revenues in Bulgaria's banking system have registered an impressive increase of 31.6% for the first two months of 2015 as compared to the same period of 2014.

Business » Finance | April 2, 2015, Thursday // 15:38 | Viewed: 1298

Bulgarian Court Opens Way for Insolvency Case Against KTB to Proceed

A Bulgarian court has ruled that it will not consider the appeal of Bromak EOOD, the majority owner of collapsed Corporate Commercial Bank (Corpbank or KTB), against a move to revoke the collapsed bank's license.

Business » Finance | April 2, 2015, Thursday // 14:46 | Viewed: 1152

Profit of Bulgarian Banks Grew by BGN 47 M Y/Y in Feb 2015

In February 2015 the profit of the banking system was BGN 196 million, up by BGN 47 million on the year, according to the Bulgarian National Bank (BNB).

Business » Finance | April 1, 2015, Wednesday // 11:46 | Viewed: 1107

Bulgaria Registers BGN 250 M Budget Surplus for First Quarter of 2015

According to preliminary data of Bulgaria's Finance Ministry, the country will register a budget surplus of BGN 250 M for the first quarter of the new year.

Business » Finance | March 31, 2015, Tuesday // 21:54 | Viewed: 1153

Bulgaria Objects to ‘Discriminatory’ Change to Greece’s Income Tax Code

Bulgaria, which has one of the lowest corporate tax rates in the EU, has objected to the introduction of a 26% withholding tax on all transactions originating from sources in Bulgaria, Cyprus and Ireland by Greece.

Business » Finance | March 30, 2015, Monday // 16:28 | Viewed: 3398

Bulgaria’s Finance Minister Expects New Governor of Bulgarian National Bank by end-April

Bulgaria’s Finance Minister Vladislav Goranov has suggested that a decision on appointing a new Governor of the Bulgarian National Bank (BNB) should be in place by end-April.

Business » Finance | March 27, 2015, Friday // 21:30 | Viewed: 1321

Bulgaria’s Gross External Debt at EUR 39 B in end-January

Bulgaria’s gross external debt amounted to EUR 39,040.6 million (91.5% of GDP) in end-January 2015, decreasing by EUR 724.5 million (1.8%) from end-2014 (EUR 39,765.1 million, 94.7% of GDP).

Business » Finance | March 27, 2015, Friday // 18:43 | Viewed: 1050

Bulgaria Repays EUR 1.5 B Bridge Loan

Bulgaria has repaid in full a EUR 1.

Business » Finance | March 27, 2015, Friday // 16:42 | Viewed: 938

Bulgaria’s Bromak Objects to Judges Due to Rule on Scrapping of KTB’s Licence

Bromak, the majority shareholder in Bulgaria’s collapsed Corporate Commercial Bank, has challenged the five-judge panel of the Supreme Administrative Court which is to rule on an appeal against the withdrawal of the lender’s banking licence.

Business » Finance | March 27, 2015, Friday // 14:34 | Viewed: 875