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: 1232

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: 525

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: 773

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: 3086

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: 1185

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: 937

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: 864

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: 813

Bulgarian Court Appoints Two Temporary Assignees at Failed KTB

The Sofia City Court has approved the nomination of two temporary assignees who will manage the assets of collapsed Corporate Commercial Bank, or KTB, and run it on a daily basis.

Business » Finance | March 25, 2015, Wednesday // 17:16 | Viewed: 898

PM: Bulgaria Records Higher First-Quarter Revenue Collection

The revenues to Bulgaria's state budget for the first quarter of 2015 have increased with BGN 820 M compared to the same period last year.

Business » Finance | March 25, 2015, Wednesday // 16:24 | Viewed: 927

Household Deposits in Bulgaria Up 4.6% Y/Y in Feb 2015

At the end of February 2015, deposits of the non-government sector stood at BGN 58.984 billion (70.7% of GDP), increasing annually by 2.5% (2.4% annual growth in January 2015), according to the Bulgarian National Bank (BNB).

Business » Finance | March 25, 2015, Wednesday // 12:36 | Viewed: 2472

Bulgaria Places EUR 3.1 B Triple-Tranche Bond

Bulgaria has sold a EUR 3.1 B triple-tranche bond comprising of seven-, 12- and 20-year maturities on foreign markets, the Finance Ministry said on Friday.

Business » Finance | March 20, 2015, Friday // 19:28 | Viewed: 1054

Bulgaria Marketing 7-, 12- and 20-year Euro Bonds

Bulgaria is marketing euro bonds in three lots maturing respectively in seven, 12 and 20 years, Reuters reported on Thursday.

Business » Finance | March 19, 2015, Thursday // 13:43 | Viewed: 778

Bulgaria's Euro Bond Sale Deal Expected to Price Thursday

Bulgaria is expected to price on Thursday a projected deal to issue euro bonds, Reuters has reported.

Business » Finance | March 18, 2015, Wednesday // 18:38 | Viewed: 982

Bulgaria's Bank Law Changed to Allow Temporary Assignees at KTB

Lawmakers in Bulgaria gave on Wednesday the green light to changes to the Bank Insolvency Act allowing for a temporary assignee to manage the assets of troubled Corporate Commercial Bank (Corpbank or KTB).

Business » Finance | March 18, 2015, Wednesday // 11:51 | Viewed: 1036

Bromak's Full Statement on Bank Insolvency Act Changes in Bulgaria

Novinite is publishing the full text of a statement by Bromak, the majority shareholder of Corporate Commercial Bank (Corpbank or KTB), on proposed changes of Bulgaria's Bank Insolvency Act currently subject to a reading in Parliament.

Business » Finance | March 17, 2015, Tuesday // 18:02 | Viewed: 1691

Legal Changes on Bank Assignees 'Unconstitutional' - KTB Maj Owner

Amendments to the Bank Insolvency Act prepared by the Bulgarian government go against the country's Constitution, according to Bromak, the majority owner of troubled Corporate Commercial Bank (Corpbank or KTB).

Business » Finance | March 17, 2015, Tuesday // 15:03 | Viewed: 877

Bulgarian Parliament Implements KTB Committee

Bulgarian National Assembly has created a temporary commission to review the facts and circumstances around the actions of government institutions that had to impose control over the leak of funds in the Corporate Commercial Bank (KTB) in the period 2009-

Business » Finance | March 5, 2015, Thursday // 14:23 | Viewed: 1335

IMF Mission Starts Visit to Bulgaria

A regular IMF Article IV mission starts a ten-day visit to Bulgaria on Wednesday to discuss key short-term and medium-term macroeconomic forecasts and assumptions, the Finance Ministry has said.

Business » Finance | March 4, 2015, Wednesday // 17:36 | Viewed: 1325

Reuters: Bulgaria to Open Eurobond Sales Roadshow on 16 March

Bulgaria plans to launch a roadshow for Eurobond sales later this month to raise funds for rolling over maturing debt and financing budget deficit, Reuters has reported.

Business » Finance | March 1, 2015, Sunday // 12:49 | Viewed: 1613

Bulgaria Coalition Member Demands FinMin's Resignation over New Debt

The Alternative for Bulgarian Revival (ABV) is demanding Finance Minister Vladislav Goranov's resignation, the party's deputy chair Rumen Petkov has said.

Business » Finance | February 28, 2015, Saturday // 16:25 | Viewed: 1433

Bulgaria’s Gross External Debt Exceeded EUR 39.5 B in end-December 2014

Bulgaria’s gross external debt amounted to EUR 39,558.

Business » Finance | February 27, 2015, Friday // 21:14 | Viewed: 1334