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: 1887

AlixPartners Accuse Corpbank Owner of Taking Money from His Bank

Bulgarian businessman Tsvetan Vasilev drained BGN 2.

Business » Finance | May 4, 2016, Wednesday // 12:33 | Viewed: 804

Receivers Make Public AlixPartners’ Final Report on Bulgaria’s Insolvent KTB  

The receivers of insolvent Corporate Commercial Bank (Corpbank or KTB) have made public a report tracking the assets of Bulgaria’s fourth-largest lender.

Business » Finance | May 3, 2016, Tuesday // 20:25 | Viewed: 1593

Bulgarian Govt Debt Rises to EUR 13.35 B at End-March

Bulgaria’s government debt increasedto EUR 13.35 B at the end of March, compared with EUR 11.60 B a month earlier, according to data from the Finance Ministry.

Business » Finance | April 30, 2016, Saturday // 17:52 | Viewed: 2371

Bulgaria Expects Budget Surplus to Exceed BGN 2.3 B at End of April

Based on preliminary data and figures, Bulgaria’s finance ministry estimates that budget surplus will exceed BGN 2.

Business » Finance | April 29, 2016, Friday // 15:51 | Viewed: 2322

Bulgaria’s End-February Gross Foreign Debt Falls 0.7% from End-2015

Bulgaria’s gross foreign debt totalled EUR 33.

Business » Finance | April 26, 2016, Tuesday // 16:56 | Viewed: 1934

Bulgaria's Government Deficit, Debt Stood at 2.1 %, 26.7 % in 2015

According to preliminary figures of the National Statistical Institute (NSI) released on Thursday, Bulgaria's government deficit and debt decreased last year compared to 2014.

Business » Finance | April 21, 2016, Thursday // 11:56 | Viewed: 4410

Bulgarian Company Wins DFC Innovation Award

Bulgarian microfinance service CashCredit has won an award from the Mondato Summits, events focused on developing the emerging Digital Finance and Commerce space.

Business » Finance | April 19, 2016, Tuesday // 13:14 | Viewed: 1900

Jan-Feb FDI in Bulgaria Drops  - C-bank

Foreign direct investment (FDI) in Bulgaria for the first two months of the year totalled  EUR 81 M,equivalent to 0.

Business » Finance | April 18, 2016, Monday // 18:26 | Viewed: 3037

Bulgaria MPs Approve Making Report on Insolvent KTB Public

Lawmakers in Bulgaria have voted to approve on a second reading changes to the Balk Insolvency Act paving the way for the publication of a report tracking the assets of insolvent Corporate Commercial Bank (Corpbank or KTB).

Business » Finance | April 14, 2016, Thursday // 11:10 | Viewed: 4803

IMF Forecasts Bulgarian Economy to Grow by 2.3 % in 2016, 2017

The International Monetary Fund (IMF) forecasts the Bulgarian economy to register a growth of 2.

Business » Finance | April 13, 2016, Wednesday // 15:11 | Viewed: 4397

Panama Papers: Bulgaria Waiting for ICIJ Data

Bulgaria has found no evidence of wrongdoing by Bulgarians in the Panama Papers affair, Finance Minister Vladislav Goranov has said.

Business » Finance | April 13, 2016, Wednesday // 07:57 | Viewed: 4357

Panama Papers: Bulgarian MP Proposes Tax Amnesty for Offshore Account Holders

A Bulgarian MP has proposed to announce a tax amnesty scheme for the country’s nationals holding funds in bank accounts in offshore jurisdictions following revelations in Panama Papers leaks.

Business » Finance | April 8, 2016, Friday // 20:25 | Viewed: 4804

Bulgaria's Security Agency 'Looking into Offshore Dealings'

Domestic security and counter-intelligence agency DANS has said it is looking into suspicions of money laundering possibly done by Bulgarian businesses.

Business » Finance | April 7, 2016, Thursday // 13:05 | Viewed: 4753

Panama Papers: Few Bulgarian Names Revealed

An arms trader and a family operating a holding company are among the Bulgarian names in the 11.5 million files leaked from law firm Mossack Fonseca in the Panama Papers case.

Business » Finance | April 7, 2016, Thursday // 11:26 | Viewed: 4945

Bulgaria MPs Back Stricter Rules on Offshore Ownership of Bulgarian Companies

A budget and finance committee in Parliament has approved restrictions to the share which an offshore entity can own of a Bulgarian company.

Business » Finance | April 7, 2016, Thursday // 09:56 | Viewed: 3801

Panama Papers Will Expose 'Big Names' in Bulgaria - EconMin

Bulgarian Economy Minister Bodzhidar Lukarski on Tuesday predicted that "big names" in the country's public life will be unveiled in the Panama Papers case.

Business » Finance | April 5, 2016, Tuesday // 15:12 | Viewed: 4447

Panama Papers: Bulgaria Tax Authorities Demand Information

Bulgaria's revenue agency has filed a formal request to receive information about Bulgarians whose names are involved in Panama Papers, the leak of some 11.

Business » Finance | April 5, 2016, Tuesday // 07:53 | Viewed: 5079

Bulgaria Expects 2.1%/GDP Budget Surplus for End-March

Bulgaria’s consolidated budget is expected to show a surplus of BGN 1.86 B as of end-March, equivalent to 2.1% of 2016 GDP forecast, the Finance Ministry has said, citing preliminary estimates.

Business » Finance | March 31, 2016, Thursday // 21:25 | Viewed: 4194

Bulgaria Reports BGN 915 M Consolidated Budget Surplus for End-February

Bulgaria consolidated budget has shown a surplus of BGN 915.

Business » Finance | March 31, 2016, Thursday // 20:35 | Viewed: 4125

Bulgaria President Appoints Economic Advisor to C-Bank

Bulgarian President Rosen Plevneliev is set to appoint one of his advisers to the Governing Council of the Bulgarian National Bank (BNB), his press office has said.

Business » Finance | March 31, 2016, Thursday // 16:00 | Viewed: 4028

Bulgaria Appoints Kalin Mitrev Alternate Director of EBRD Office

The Bulgarian government has named Kalin Mitrev as the country's representative in the Board of Directors at the European Bank for Reconstruction and Development (EBRD).

Business » Finance | March 30, 2016, Wednesday // 13:33 | Viewed: 4284