Business » Finance

Finance Ministry Meets with EPIC to Discuss KTB Recovery

Interim Finance Minister Rumen Porozhanov has announced his institution is to meet representatives of Vienna-based fund EPIC in the coming days.

Business » Finance | September 17, 2014, Wednesday // 17:19 | Viewed: 504

BNB Welcomes KTB Shareholders' Efforts to Work on Recovery Plan

Bulgarian National Bank (BNB) has welcomed the efforts of EPIC Financial Consulting to prepare a plan for the recovery of Corpbank (KTB), Monday.

Business » Finance | September 15, 2014, Monday // 18:45 | Viewed: 1021

Finance Ministry Reopens 10.5-Year Issue of BGN-Denominated Govt Securities at 3.12% Yield

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

Business » Finance | September 15, 2014, Monday // 17:13 | Viewed: 660

KTB Shareholders Seek Sofia Meeting to Prepare Rescue Plan

The main shareholders in Bulgaria’s Corpbank (KTB) are seeking a meeting in Sofia next week to conduct due diligence on the bank and prepare a plan for its recovery.

Business » Finance | September 12, 2014, Friday // 21:04 | Viewed: 1300

KTB Can Be Rescued Without Special Law or Public Funds, Experts Agree

No special legislation and no use of public funds are needed to rescue Corpbank (KTB), the Expert Consultative Council on KTB and Bulgaria’s ombudsman have agreed.

Business » Finance | September 12, 2014, Friday // 16:51 | Viewed: 1101

Corpbank Rescue Options to Be Discussed at BIA

Bank experts, trade-union representatives and employers are set to discuss ways out of the crisis at Corporate Commercial Bank (Corpbank or KTB) and possible bailout scenarios.

Business » Finance | September 12, 2014, Friday // 09:46 | Viewed: 1032

Student Loans Most Popular Among Medical Students – Survey

Future medics and pharmacists are the largest group, applying for student loans in Bulgaria, shows a survey of the Postbank, quoted by Pariteni.

Business » Finance | September 11, 2014, Thursday // 13:47 | Viewed: 653

Oman Fund 'Working Toward Solving KTB Problems'

The State General Reserve Fund (SGRF) of the Sultanate of Oman is working with the Bulgarian government to handle the situation at Corporate Commercial Bank (Corpbank or KTB).

Business » Finance | September 10, 2014, Wednesday // 19:54 | Viewed: 974

Sofia Municipality Sees Increase in Vehicle Tax Revenue

Sofia Municipality reported an increase of BGN 7M in revenue from motor vehicles taxes in 2014, compared to the previous year.

Business » Finance | September 10, 2014, Wednesday // 18:01 | Viewed: 688

Majority Owner to Submit KTB Rescue Plan in Next Two Days - Media

The majority owner of Bulgaria’s troubled Corpbank Tsvetan Vasilev will submit a plan for its rescue to the central bank in the next two days, local media reported on Tuesday.

Business » Finance | September 9, 2014, Tuesday // 17:48 | Viewed: 1196

Bulgaria's President Gets Unexpected Budget Boost

The interim government has allocated additional BGN 0.

Business » Finance | September 9, 2014, Tuesday // 14:55 | Viewed: 900

Bulgaria's Finance Ministry Placed 1-Year BGN-Denominated GS Issue

The Ministry of Finance successfully placed a one-year BGN-denominated discount Government Securities (GS) with maturity 10.

Business » Finance | September 9, 2014, Tuesday // 10:19 | Viewed: 689

PM Bliznashki: Central Bank Ignored Irregularities In Banking Sector

The Bulgarian National Bank kept its eyes shut for many irregularities in the financial sector, Bulgaria's caretaker Prime Minister Georgi Bliznashki told  bTV national channel.

Business » Finance | September 8, 2014, Monday // 19:26 | Viewed: 1116

Fitch Maintains Bulgaria FIBank’s Rating at BB- with Negative Outlook

Fitch Ratings has affirmed Bulgaria’s First Investment Bank (FIBank) Long-term Issuer Default Rating (IDR) at 'BB-' with a Negative Outlook and its Viability Rating (VR) at 'b-'.

Business » Finance | September 8, 2014, Monday // 12:27 | Viewed: 984

Bulgaria’s GERB Party Mulls Tax Hike in Fiscal Decentralisation Bid

Bulgaria’s GERB party, tipped to win the most votes in next month’s election, has said it plans to allow local governments to collect personal income tax of up to 2% if it comes to power.

Business » Finance | September 5, 2014, Friday // 11:18 | Viewed: 1149

Bulgaria's Finance Ministry Predicts BGN 900 M Shortfall in Tax Revenue by end-2014

The deficit of Bulgaria's consolidated state budget amounts to BGN 1.147 B by mid-2014, according to Kiril Ananiev, Deputy Finance Minister in the caretaker government.

Business » Finance | September 4, 2014, Thursday // 15:12 | Viewed: 949

Gov't to Seek BGN 300 M from Internal Market

Bulgaria's Finance Ministry is to place BGN 300 M worth of securities on the domestic market next week, the Bulgarian National Bank (BNB) has announced on its website.

Business » Finance | September 2, 2014, Tuesday // 08:46 | Viewed: 700

Tsvetan Vasilev to Make Proposal on KTB within Days – Central Bank

The Bulgarian National Bank (BNB) has received answers to the letters it had sent to Bromak JSC and the State General Reserve Fund of Oman, Corpbank's major shareholders.

Business » Finance | September 1, 2014, Monday // 18:17 | Viewed: 1448

Bulgaria's Public Debt Sees Significant Increase in July

Bulgaria's public debt at the end of July 2014 amounted to EUR 9.4242B, according to data revealed by the Ministry of Finance.

Business » Finance | September 1, 2014, Monday // 14:03 | Viewed: 973

Protests to Be Staged in Support of KTB Across Bulgaria

A number of Bulgarian towns and cities are to see demonstrations calling authorities to draft a plan which could help Corporate Commercial Bank (CorpBank or KTB).

Business » Finance | September 1, 2014, Monday // 11:52 | Viewed: 876

BGN 2 Banknote Replaced with Coin in 2015

The paper note of BGN 2 will be replaced with a coin in 2015, according to Bulgaria's National Bank sources cited by Standart News.

Business » Finance | September 1, 2014, Monday // 11:40 | Viewed: 1117