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: 454

Finance Ministry Reopens 7-Year Issue of EUR-Denominated Govt Securities

Bulgaria’s Finance Ministry has reopened the 7 year issue of EUR denominated Government Securities (GS) issued on April 30, 2014 with maturity February 12, 2021.

Business » Finance | 3 hours ago | Viewed: 258

Banks to Repay KTB Deposits Unveiled

Bulgaria's Bank Deposit Insurance Fund has announced the names of the nine banks to be in charge of reimbursing deposits at Corporate Commercial Bank (Corpbank or KTB) from December 4.

Business » Finance | 8 hours ago | Viewed: 609

Finance Minister Denies Reports of Ivan Iskrov's Appointment To Black Sea Trade and Development Bank

Bulgaria's Finance Minister Vladislav Goranov denied the reports that Ivan Iskrov, Governor of Bulgaria's Central Bank (BNB), will be appointed representative of Bulgaria at the Thessaloniki-based Black Sea Trade and Development Bank (BSTDB).

Business » Finance | November 24, 2014, Monday // 08:56 | Viewed: 510

Sofia City Court To Hold First Hearing Of KTB Insolvency Case

The Sofia City Court will hold its first session on the Corporate Commercial Bank (KTB) insolvency case on Monday.

Business » Finance | November 24, 2014, Monday // 07:20 | Viewed: 661

Bulgaria’s Bank of the Year Association Organizes Conference on Banking Stability

An international conference titled “Banking stability” organized by the Bank of the Year Association will take place on December 3 at the National Archaeological Museum in Sofia.

Business » Finance | November 23, 2014, Sunday // 20:06 | Viewed: 714

Bulgaria C-Bank Governor 'Likely to Resign end-November'

Bulgarian National Bank (BNB) governor Ivan Iskrov is likely to step down by the end of November, sources in Parliament say.

Business » Finance | November 21, 2014, Friday // 13:08 | Viewed: 1187

Bulgaria Plans to Reintroduce 10% Bank Deposit Interest Tax

Bulgaria plans to increase tax on interest earned on bank deposits to 10% from next year, restoring the levy to its initial level, the head of budget commitee in Parliament Menda Stoyanova has said.

Business » Finance | November 21, 2014, Friday // 08:39 | Viewed: 1233

Sofia Court Suspends Insolvency Proceedings Against KTB

Sofia City Court has said it will have to suspend insolvency proceedings against Corporate Commercial Bank, or KTB, following an appeal by majority owner Bromak.

Business » Finance | November 20, 2014, Thursday // 16:23 | Viewed: 1360

Bulgaria's C-bank Unveils Two-Lev Coin

Bulgaria's central bank on Wednesday said it approved the design of a two-lev coin that will replace paper notes of the same face value next year.

Business » Finance | November 19, 2014, Wednesday // 21:59 | Viewed: 1808

Bulgaria C-bank Orders Victoria Bank to Start Servicing Depositors from Dec 12

Bulgaria's central bank on Wednesday ordered administrators of Victoria Bank to resume servicing all depositors as of 12 December.

Business » Finance | November 19, 2014, Wednesday // 18:13 | Viewed: 1378

Bulgaria's Deposit Insurance Fund Head Resigns

Rosen Nikolov, head of Bulgaria's Deposits Insurance Fund (DIF) had resigned, the government's press office announced on Wednesday.

Business » Finance | November 19, 2014, Wednesday // 14:29 | Viewed: 1342

Parliament To Debate On Reintroduction of Progressive Personal Income Tax

Bulgaria's Parliament will discuss at first reading on Wednesday draft amendments to personal income tax law and the reintroduction of progressive tax.

Business » Finance | November 19, 2014, Wednesday // 11:18 | Viewed: 1047

Reuters: Bulgaria Seeking to Borrow EUR 1.3 B from Foreign Banks

Bulgaria is seeking to raise some EUR 1.

Business » Finance | November 18, 2014, Tuesday // 18:02 | Viewed: 1053

Budget Committee Gives Bulgaria Gov't Green Light for New Borrowing

The Budget and Finance Committee at Bulgaria's Parliament has given the government a mandate to start talks over a fresh foreign borrowing of up to BGN 3 B.

Business » Finance | November 18, 2014, Tuesday // 16:06 | Viewed: 870

Parliament To Discuss Budget Update

Bulgaria's Parliament will discuss at an extraordinary meeting the budget update.

Business » Finance | November 18, 2014, Tuesday // 07:54 | Viewed: 710

Bulgaria Considering Fresh Foreign Borrowing Under 2014 Budget Update

Bulgaria’s Finance Ministry is in talks over fresh borrowing on international markets to finance increased spending under a 2014 budget update now before parliament, BNR radio reported on Monday.

Business » Finance | November 17, 2014, Monday // 18:13 | Viewed: 1187

Bulgaria’s Finance Minister Calls For New Central Bank Governor

Bulgaria needs a new governor of the Central Bank (BNB) who will re-establish the trust in the banking system after the crisis with the Corporate Commercial Bank (KTB), said the Finance Minister Vladislav Goranov.

Business » Finance | November 15, 2014, Saturday // 10:27 | Viewed: 1342

C-Bank: Changes to Deposit Insurance Bill Contravene Currency Board

The Bulgarian National Bank (BNB) has warned against proposals to amend the Law on Bank Deposits tabled by the socialist opposition.

Business » Finance | November 14, 2014, Friday // 08:37 | Viewed: 1286

Interim Budget Committee Approves Budget Update

The interim parliamentary committee on budget and finance approved the draft amendments to Bulgaria's Budget Act, reports the Focus information agency.

Business » Finance | November 13, 2014, Thursday // 16:13 | Viewed: 1142

Bulgaria Fin Min Moves to Bring Deposit Insurance Bill in Line with EU Law

Depositors with a failed bank in Bulgaria will have access to their funds within up to seven workdays after the bank halted payments, the Finance Ministry has proposed.

Business » Finance | November 13, 2014, Thursday // 11:05 | Viewed: 1431

Budget Update Bill to Be Debated in Parliament Committee

A bill to overhaul the 2014 budget will be put forward for discussion in the provisional Budget and Finance Committee of BUlgaria's Parliament.

Business » Finance | November 13, 2014, Thursday // 07:54 | Viewed: 880