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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: 1074

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: 1329

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: 823

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: 1052

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: 2813

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: 921

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: 907

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: 900

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: 1040

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: 713

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: 1087

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: 901

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: 869

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: 791

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: 1142

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: 1144

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: 1027

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: 925

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: 1397

Drop in Fuel Prices Results in Deflation in Bulgaria

Inflation has returned to its negative values in November, when the index of consumer prices decreased with 0.4 % compared to October.

Business » Finance | December 15, 2014, Monday // 19:03 | Viewed: 1452

FinMin Repays Municipalities' Funds Blocked in Corpbank

Bulgaria's Finance Ministry restored the remaining BGN 36.8 million due to 15 municipalities that had their accounts blocked in Corporate Commercial Bank (KTB).

Business » Finance | December 15, 2014, Monday // 17:45 | Viewed: 839

Bulgaria Records Drop of Direct Investments in 2014

The direct investments in Bulgaria have decreased with 38.6 % for the ten-month period from January to October 2014, compared to the same period last year.

Business » Finance | December 15, 2014, Monday // 15:42 | Viewed: 1045