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: 1405

Bulgaria’s Government Debt Falls Slightly in May

Bulgaria’s government debt decreased to EUR 12.

Business » Finance | 1 hour ago | Viewed: 170

Bulgaria’s Govt to Create Council Tasked with Eurozone Accession Preparations

Bulgaria’s government is to consider a proposal for the creation of a special council tasked with preparing Bulgaria for eurozone accession at a regular meeting on July 1.

Business » Finance | 6 hours ago | Viewed: 702

Bulgaria Boasts BGN 850 M Budget Surplus in H1 2015

Bulgaria will close the first half of 2015 with a budget surplus of around BGN 850 M, according to preliminary data of the Finance Ministry.

Business » Finance | 7 hours ago | Viewed: 726

Bulgaria Advises Travellers to Carry Enough Cash During Greece's Bank Holiday

Bulgarian nationals visiting neighbouring Greece this week will have to carry enough cash to pay for goods and services after Greek Prime Minister Alexis Tsipras announced a bank holiday and the introduction of capital controls.

Business » Finance | June 29, 2015, Monday // 18:31 | Viewed: 1685

Greece's Banking Restrictions 'Not to Affect Bulgaria'

The decision by Athens to shut down banks in the country this week has no legal force outside Greece and cannot be applied to Bulgaria, the Bulgarian National Bank (BNB) has said.

Business » Finance | June 29, 2015, Monday // 09:39 | Viewed: 2884

Bulgarians Working Abroad Sent Home Remittances Totaling USD 1.72 B in 2014

Bulgarians working abroad sent USD 1.72 B to relatives in their home country in 2014, according to a World Bank report on remittances.

Business » Finance | June 26, 2015, Friday // 12:19 | Viewed: 3525

Bulgarian Parliament Approves Lifting of Bank Secrecy at Second Reading

The Bulgarian Parliament approved on Thursday the lifting of the bank secrecy for banks declared insolvent.

Business » Finance | June 25, 2015, Thursday // 19:36 | Viewed: 3353

S&P warns of Possible Downgrades in SEE over Greek Crisis

Credit rating agency Standard and Poor's has warned of a possible downgrade of Bulgaria, Macedonia, Albania, Romania, and Serbia if the Greek crisis affects the banking systems of these countries.

Business » Finance | June 24, 2015, Wednesday // 20:10 | Viewed: 4323

Austrian Bank Hypo Noe Gruppe Opens Office in Sofia

Austrian bank group Hypo Noe Gruppe has opened an office in Bulgaria.

Business » Finance | June 24, 2015, Wednesday // 16:58 | Viewed: 3428

Bulgarian Households Made Bank Savings Amounting to BGN 126 M in May

In the month of May, Bulgarian households made bank savings amounting to BGN 126 M.

Business » Finance | June 23, 2015, Tuesday // 17:31 | Viewed: 3281

Bulgaria Parliament Committee to Hear C-Bank Head Candidates Next Week

A hearing of the four nominees to take over as the Governor of the Bulgarian National Bank (BNB) is due next week, Parliament's Budget and Finance Committee has announced.

Business » Finance | June 23, 2015, Tuesday // 17:29 | Viewed: 2948

Bulgarian National Bank Governor Submits Resignation Letter, to Step Down on July 10

The governor of the Bulgarian National Bank (BNB) Ivan Iskrov submitted his resignation letter on Tuesday, announcing that he will step down on July 10.

Business » Finance | June 23, 2015, Tuesday // 13:43 | Viewed: 3788

IFC Meeting Features Bulgarian Corporate Governance Models

A meeting of the International Finance Corporation (IFC) taking place June 17-26 has included a show of succesfull models of Bulgarian corporate governance.

Business » Finance | June 23, 2015, Tuesday // 10:40 | Viewed: 3296

Bulgaria C-Bank Governor 'Promised He Will Resign This Week'

Bulgarian National Bank (BNB) Governor Ivan Iskrov has voiced his commitment to resigning as early as this week, Finance Minister Vladislav Goranov has said.

Business » Finance | June 22, 2015, Monday // 14:30 | Viewed: 1713

Fitch Reaffirms Bulgaria's Credit Rating at BBB- with Stable Outlook

Fitch Ratings on Friday affirmed Bulgaria's long-term foreign and local currency Issuer Default Ratings (IDR) at BBB- and BBB, respectively.

Business » Finance | June 20, 2015, Saturday // 10:42 | Viewed: 3970

Bulgaria to Pick Next C-Bank Governor on July 10

A new Governor of the Bulgarian National Bank (BNB) is to be elected out of the four registered candidates on July 10, an official has said.

Business » Finance | June 19, 2015, Friday // 09:24 | Viewed: 3652

Bulgarian Socialists Summon Sufficient Support for Constitutional Appeal of New Debt of BGN 16 B

The Bulgarian Socialist Party (BSP), the Alternative for Bulgarian Revival (ABV) and independent MP Velizar Enchev have collected 48 signatures in favor of referring to the Constitutional Court the ratification of the contract for the issue of new debt wo

Business » Finance | June 18, 2015, Thursday // 12:35 | Viewed: 1787

Deflation Returned to Bulgaria in May - National Statistical Institute

According to the latest figures of the National Statistical Institute (NSI) on the index of consumer prices, which were released on Monday, deflation returned to Bulgaria in May.

Business » Finance | June 15, 2015, Monday // 13:51 | Viewed: 1609

S&P Affirms Bulgaria at 'BB +/ B', Outlook Stable

Standard & Poor's has confirmed its long- and short-term foreign and local currency rating on Bulgaria at 'BB +/ B' with stable outlook, the Finance Ninistry in Sofia said on Friday.

Business » Finance | June 12, 2015, Friday // 22:02 | Viewed: 2163

Bulgarian MPs Approve at First Reading Lifting of Bank Secrecy

Bulgarian MPs approved on Friday almost unanimously the amendments to the Law on Credit Institutions, which provide conditions for the lifting of the bank secrecy.

Business » Finance | June 12, 2015, Friday // 12:52 | Viewed: 1824

Bulgaria’s Patriotic Front Nominates Grigorii Vazov to Head Central Bank

The Patriotic Front (PF) has nominated Grigorii Vazov for the position of Bulgaria’s central bank governor.

Business » Finance | June 10, 2015, Wednesday // 18:00 | Viewed: 3755