Alpha Bank Refutes Reports of Selling Eastern European Units
The Greek Alpha Bank has refuted the reports that it plans to sell 30% in its Eastern European units to European Bank for Reconstruction and Development.
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Business » Finance
Bulgaria 2012 Growth Forecast Unanimously Capped at 1.5%
Bulgarian analysts and institutions have cut their growth forecast for 2012 to just below 1.5% instead of the previously forecast 2-3%, citing slumping exports and stagnant domestic demand.
Bulgaria Eurobond Float Wary of Turbulent Summer Waters
Bulgaria's government, which plans to issue eurobonds worth up to EUR 1 B in the second quarter, may be forced to struggle with volatile markets if it misses out on the current benign conditions, analysts have warned.
Alpha Bank to Sell 30% Stake in Eastern Europe Units - Report
Alpha Bank will reportedly sell 30% in its Eastern European units to European Bank for Reconstruction and Development.
Greek Eurobank, Bulgaria's Postbank Owner, Sells Turkey Unit
EFG Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank.
Bulgaria Govt Greenlights Eurobond Sale
Bulgaria's government issued on Wednesday a mandate for the sale of Eurobonds on international markets to raise funds for repaying debt maturing in early 2013.
Bulgaria Registers BGN 565 M Deficit in Jan-Feb 2012
Bulgaria has completed the first two months of 2012 with a budget deficit of BGN 565 M on cash base, the Finance Ministry announced Saturday providing data for the so called "Consolidated Fiscal Program", including the state budget and EU transactions.
Bulgarian Oligarch to Be Charged over Abuses at Sofia Municipal Bank
Bulgarian energy oligarch Hristo Kovachki has siphoned off funds from the Sofia Municipal Bank, and has laundered them through his firms, an auditing report has found.
Bulgaria to Finance External Debt through Foreign Markets
The Bulgarian government has decided to give up on financing repayment of external debt with internal resources and will seek money from foreign markets.
S&P Keeps United Bulgarian Bank on Watch Negative
Standard & Poor's rating agency announced it will keep the United Bulgarian Bank, majority-owned by the National Bank of Greece, on its credit watch negative.
No Need to Fret about Bulgaria's Budget - Finance Ministry
Data for the first 2 months of 2012 show that Bulgaria's state budget is being executed according to schedule and does not need to be revised, stated the Bulgarian Ministry of Finance Tuesday.
Bulgarian Rightists Warn about State Budget Failure
The Bulgarian government needs to update the state budget for 2012, warned rightist Union of Democratic Forces at a meeting in Plovdiv Tuesday.
Bulgaria Development Bank Grants BGN 100 M for SME Credits
The Bulgarian Development Bank will provide loans worth BGN 100 M at an annual interest rate of up to 7% to small and medium-sized companies.
Fitch Affirms UBB, Takes It off Watch Negative
Fitch rating agency announced it has removed from rating watch negative the United Bulgarian Bank, majority-owned by the National Bank of Greece.
Bulgaria Goes for Euro Bond Sale to Repay Debt
Bulgaria is already preparing the sale of bonds on international markets to finance BGN 1.8 B of global bonds that mature in early 2013, the finance minister announced.
Bulgaria Seeks Only Majors to Help Sell Stock Exchange - Report
Bulgaria will seek to hire only major investment banks or consultancies to help arrange the privatization of the country's only stock exchange and depository, according to insiders.
Bulgarian Economy Minister Nominee to Pour BGN 1B into SMEs
Delyan Dobrev, the nominee for Minister of Economy, Energy and Tourism, has vowed to channel investments of BGN 850 M – 1 B in small and medium-sized enterprises (SMEs) by end-2012.
Bulgaria's Corpbank Mulls Foreign Stock Exchange Listing
Bulgaria's Corporate Commercial Bank, which holds nearly half of the deposits by state-run companies, is planning to float on a foreign stock exchange.
Greece Should Follow Bulgaria, Albania Tax Example - Steve Forbes
Greece should follow the example set by neighbors Bulgaria and Albania and introduce a flat tax, according to Steve Forbes, 64-year-old publisher of the Forbes magazine-and-web empire.
Go-Ahead for Bulgaria's Stock Exchange Sale, Majors Wooed - Report
Bulgaria targets major global and European bourse operators for the sale of its only stock exchange, which it hopes to wrap up in the first half of this year, according to insiders, cited by local media.
Fellow Expert Blasts Bulgarian FinMin Silver Fund Idea
The Head of the Bulgaria Financial Supervision Commission, Stoyan Mavrodiev, became Tuesday the latest expert to attack Deputy Prime Minister and Finance Minister, Simeon Djankov, on his plans for the Silver Fund.
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