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HOT: » Outgoing Parliament Speaker Mihail Mikov to take over from Sergey Stanishev as Chairman of the Bulgarian Socialist Party

Business » Finance

Bulgaria's Troubled Corpbank No Longer A Bidder for Hypo Alpe Adria

Advent International and a Bulgarian-Russian consortium headed by businessman Denis Barekov are reportedly the key bidders for nationalized Austrian bank Hypo Alpe Adria.

Business » Finance | July 25, 2014, Friday // 13:23 | Viewed: 1225

Bulgaria's Parliament to Hold Extraordinary Sitting on Budget Update

Center-right party GERB and liberal party DPS have agreed to hold an extraordinary sitting of Parliament on July 29 at 3 pm.

Business » Finance | July 25, 2014, Friday // 12:12 | Viewed: 904

GERB Party: Kalin Hristov Must Become Bulgarian National Bank Governor

Boyko Borisov, leader of center-right party GERB, has suggested that Kalin Hristov must replace Ivan Iskrov at the post of Governor of the Bulgarian National Bank (BNB).

Business » Finance | July 25, 2014, Friday // 11:43 | Viewed: 832

Sofia Heating Utility CEO Dismissed over KTB Assets

Sofia Municipal Council has discharged Stoyan Tsvetanov, who heads Toplofikatsiya heating utility's branch in the capital.

Business » Finance | July 24, 2014, Thursday // 15:52 | Viewed: 974

Over BGN 1 B Withdrawn From Bulgarian Banks In June

Deposits for over BGN 1 B have been withdrawn in June from Bulgarian banks, shows data of the Bulgarian National Bank (BNB).

Business » Finance | July 24, 2014, Thursday // 12:21 | Viewed: 1208

Bulgarian National Bank Reports Increase in Bank Deposits

The Bulgarian National Bank (BNB) reports an increase in business' and households' bank deposits during the last year.

Business » Finance | July 23, 2014, Wednesday // 14:56 | Viewed: 1155

Bulgaria's State Debt Rose by BGN 1 B in June

Bulgaria's state debt as of end of June 2014 has reached EUR 8.11 B, shows the monthly state debt bulletin of the Finance Ministry.

Business » Finance | July 23, 2014, Wednesday // 14:47 | Viewed: 919

BNB Governor Ivan Iskrov Ready to Resign

The Governor of the Bulgarian National Bank (BNB) Ivan Iskrov said he was ready to resign, in a letter to Speaker of Parliament Mihail Mikov, report Bulgarian-language media.

Business » Finance | July 22, 2014, Tuesday // 16:43 | Viewed: 1134

Smartphones, Tablets in Top 5 Purchases On Deferred Payments

Smartphones and tablets are among the items most frequently bought on deferred payment plans in Bulgaria, shows an analysis of the BNP Paribas Personal Finance company.

Business » Finance | July 22, 2014, Tuesday // 16:29 | Viewed: 1424

Bulgaria with Second Lowest Debt-to-GDP Ratio in EU in Q1, 2014

At the end of the first quarter of 2014, Bulgaria's government debt increased by 1.

Business » Finance | July 22, 2014, Tuesday // 15:26 | Viewed: 1037

New Amendments Introduced to Consumer Credit Act

Bulgarians will pay fewer fees when getting a new loan after the amendments to the Consumer Credit Act come into effect as of July 22.

Business » Finance | July 22, 2014, Tuesday // 12:44 | Viewed: 639

Customers of Troubled Bulgarian Corpbank to Sue State for Damages

Customers of Corporate Commercial Bank (KTB), including natural and legal persons, will sue the state for the crisis at the fourth biggest Bulgarian lender.

Business » Finance | July 22, 2014, Tuesday // 11:59 | Viewed: 1024

Over 1/4 of Greeks Indebted, Outstanding Loans Valued at EUR 67 B

More than 2.5 million people in Greece are in delinquency, with overdue loans estimated at EUR 67.25 B, Greek electronic media outlets report.

Business » Finance | July 21, 2014, Monday // 14:30 | Viewed: 676

Oman Fund 'Drafting Plan for Bulgaria's Corporate Commercial Bank'

A plan to save Bulgaria's Corporate Commercial Bank is in preparation at the State General Reserve Fund (SGRF) of Oman, a fund source argues.

Business » Finance | July 21, 2014, Monday // 12:10 | Viewed: 1329

74% of Bulgarians Disagree That KTB Deposits Must Be Covered in Full

Three quarters of Bulgarians say that only deposits up to EUR 100 000 in the troubled Corporate Commercial Bank (KTB) must be paid back, shows a survey.

Business » Finance | July 21, 2014, Monday // 12:00 | Viewed: 877

Greeks 'Should Withdraw Deposits from Foreign Banks' - Minister

Greek Development Minister Nikos Dendias has called on citizens to withdraw their assets from foreign banks and return them the country.

Business » Finance | July 20, 2014, Sunday // 15:08 | Viewed: 958

Bulgarian Development Bank's New Executive Board Assumes Office

Prof. Nikolay Nenovski, Denitsa Kirilova and Emil Karanikolov will be the three new members of the Supervisory Board of the Bulgarian Bank for Development JSC.

Business » Finance | July 18, 2014, Friday // 18:05 | Viewed: 914

Oman State Fund 'Could Save Bulgaria's CorpBank' - FinMin

The State General Reserve Fund of the Sultanate of Oman, one of Corporate Commercial Bank (KTB) shareholders, could take steps to save it, Bulgaria's Finance Minister announced.

Business » Finance | July 18, 2014, Friday // 15:14 | Viewed: 1719

Bulgaria Records Highest Annual Deflation Levels in EU

The annual inflation in the Euro Area was 0.

Business » Finance | July 17, 2014, Thursday // 17:18 | Viewed: 1232

Court Allows Divulging of Bank Secret in KTB Investigation

The Sofia Regional Court allowed the divulging of bank secret on the debtors of the Corporate Commercial Bank (KTB), reports Dnevnik.

Business » Finance | July 16, 2014, Wednesday // 16:46 | Viewed: 1240

Bulgaria Increases State Debt by USD 3.4 B, Sets Deficit at 2.7%

The Bulgarian government should seek a new loan adding BGN 3.4 B to mitigate the impact of developments at the Corporate Commercial Bank (KTB), the government says.

Business » Finance | July 16, 2014, Wednesday // 15:28 | Viewed: 1388
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