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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: 1078

Finance Minister Expects Bulgaria to Record Surplus in January

Bulgarian Finance Minister Vladislav Goranov announced on Friday that the revenue collected for January could exceed that for the same month last year by between BGN 400 and 500 M.

Business » Finance | 9 minutes ago

Banker Levon Hampartzoumian: Greek Banks In Bulgaria are Safe

Greek banks opeerating in Bulgaria are not threatened by the policies of the anti-austerity SYRIZA party, leading banker Levon Hampartzoumian said.

Business » Finance | 3 hours ago | Viewed: 342

Dimitar Kostov Nominated to Head Bulgaria's C-Bank Supervision Dept

Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has submitted to Parliament a proposal for the appointment of Dimitar Kostov as head of the Bank Supervision unit of BNB.

Business » Finance | January 30, 2015, Friday // 07:44 | Viewed: 603

Illegal Trade in Fuels Costs Bulgaria Over BGN 1 B

Bulgaria's Finance Ministry announced that each year around 1.2 million tonnes of diesel are not declared to the revenue agencies, which amounts to 36.2 % of the fuel consumption in the country.

Business » Finance | January 23, 2015, Friday // 17:00 | Viewed: 1372

Deputy Governor of Bulgarian National Bank Dismissed by Parliament

Bulgaria’s Parliament has officially dismissed Tsvetan Gounev from the post of Deputy Governor of the Bulgarian National Bank (BNB).

Business » Finance | January 21, 2015, Wednesday // 15:47 | Viewed: 848

EBRD Cuts 2015 GDP Growth Forecast for Bulgaria to 0.8%

The European Bank for Reconstruction and Development (EBRD) has downsized its 2015 GDP growth forecast for Bulgaria to 0.

Business » Finance | January 19, 2015, Monday // 15:34 | Viewed: 1110

Bulgaria to Restart Eurozone Accession Talks

Bulgaria’s government is starting talks with the governments of the 19 eurozone countries on joining the eurozone, according to Finance Minister Vladislav Goranov.

Business » Finance | January 16, 2015, Friday // 09:17 | Viewed: 2831

Dimitar Kostov May Head Bulgarian C-Bank’s Supervision Dept

Bulgaria’s central bank deputy governor Dimitar Kostov is the most likely successor to Tsvetan Gounev as head of the bank’s Banking Supervision Department if Parliament dismissed Gounev, 24 Chasa news daily reported on Thursday without quoting sources.

Business » Finance | January 15, 2015, Thursday // 20:02 | Viewed: 927

Bulgaria’s Economy to Grow by 1.1% in 2015 – World Bank

The World Bank has substantially lowered its 2015 economic growth forecast for Bulgaria.

Business » Finance | January 14, 2015, Wednesday // 20:06 | Viewed: 919

Bulgaria’s Consumer Prices Fall 0.9% Y/Y, Stay Flat M/M

Bulgaria’s consumer prices fell 0.

Business » Finance | January 14, 2015, Wednesday // 12:07 | Viewed: 908

Bulgarian Court Upholds Revoking of KTB’s Banking Licence

Bulgaria’s Supreme Administrative Court (SAC) on Tuesday upheld the central bank’s decision to cancel the banking licence of collapsed Corporate Commercial Bank (Corpbank).

Business » Finance | January 13, 2015, Tuesday // 18:40 | Viewed: 1048

Bulgaria’s Finance Ministry Successfully Placed 10,5-Year BGN-Denominated GS Issue

Bulgaria’s Finance Ministry launched a new 10.5-year BGN-denominated government securities (GS) issue with maturityJuly 14, 2025.

Business » Finance | January 13, 2015, Tuesday // 10:42 | Viewed: 716

Directors of KTB Address Bulgarian PM, Warn Him of Deception

The four executive directors of Corporate Commercial Bank (KTB) addressed Bulgarian Prime Minister Boyko Borisov through a further letter, in which they expressed concern that he was being deceived.

Business » Finance | January 8, 2015, Thursday // 17:59 | Viewed: 1094

Euro Hits Nine-Year Low Vs. US Dollar

The euro hit a nine-year low against the dollar on Thursday as bearish German manufacturing data suggested the European Central Bank may soon move to expand its bond-buying programme to bolster economic recovery.

Business » Finance | January 8, 2015, Thursday // 16:26 | Viewed: 903

90% of Insured Deposits at Bulgaria’s Corpbank Paid Off

In 20 work days, since December 4, the Bulgarian Deposit Insurance Fund (BDIF) has paid off 90% of the insured deposits at the Corporate Commercial Bank (KTB, Corpbank), or BGN 3 250 000 000, according to BDIF Chair Radoslav Milenkov.

Business » Finance | January 8, 2015, Thursday // 14:40 | Viewed: 872

Bulgaria’s Govt Debt at 23.1% of GDP by end-November 2014

Bulgaria’s government debt amounted to EUR 9 597,7 million as of end-November, according to Finance Ministry data.

Business » Finance | January 7, 2015, Wednesday // 10:54 | Viewed: 796

Tax Return Campaign Starts in Bulgaria on Monday

As of January 5, Monday, natural persons can submit their tax return forms to Bulgaria's National Revenue Agency, officials have announced.

Business » Finance | January 5, 2015, Monday // 16:27 | Viewed: 1144

Bulgaria Adopts 2015 Budget with 3% Deficit

Bulgaria’s parliament has approved the 2015 budget with deficit equivalent to 3% of the projected Gross Domestic Product.

Business » Finance | December 20, 2014, Saturday // 11:29 | Viewed: 1149

Fitch Maintains Bulgaria’s Credit Rating At ‘BBB-‘ With Stable Outlook

Fitch has affirmed Bulgaria's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'and 'BBB', respectively, with stable outlook.

Business » Finance | December 20, 2014, Saturday // 10:52 | Viewed: 1031

Government to Discuss New Bank Law

Bulgaria's Government will discuss on Wednesday new bank law, which will provide better guarantees for the bank deposits, reports the bTV national channel.

Business » Finance | December 17, 2014, Wednesday // 08:27 | Viewed: 928

USD 25 B in Illicit Flows Syphoned Off from Bulgaria in 10 Years

A total USD 25 B were illicitly syphoned off from Bulgaria in the past 10 years, shows the report Illicit Financial Flows from Developing Countries 2003-2012 of the Global Financial Integrity (GFI) NGO.

Business » Finance | December 16, 2014, Tuesday // 11:58 | Viewed: 1399