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The CCB will pay EUR 5.9 M for Stater Banka's 339 178 shares to its majority owner Milestone Group. File photo
Bulgaria's Central Cooperative bank, part of the country's largest holding company Chimimport, has been given the green light to acquire a third bank in Macedonia.
The Macedonian financial supervision authorities have approved the deal earlier in the week.
In the middle of February Stater Banka said in a statement on the Macedonian Stock Exchange website that its majority owner, Iceland 's Milestone Group, is currently negotiating with Bulgaria's Central Cooperative bank to sell its 91,71% stake in the bank.
The CCB will pay EUR 5.9 M for Stater Banka's 339 178 shares to its majority owner Milestone Group. The price per share has been set at EUR 17.3.
The Central Cooperative bank has already acquired two banks in Macedonia – Sileks Banka and Post Bank, as well as a branch in Nicosia, Cyprus.
Current Bulgarian President, Rosen Plevneliev, provides cover-up and protection for particular business interests, according to banker Tsvetan Vassilev (Corporate Commercial Bank, CCB).
Bulgaria is among the negative examples of media practices, used by the European Commission to ground the need of large-scale consultations on media freedom on the Old Continent.
Bulgaria's prosecutors have unexpectedly put an end to the trial for tax evasion and money laundering against major businessmen and media moguls Ognyan Donev and Lyubomir Pavlov, citing lack of evidence.
Central Cooperative Bank, which is connected with controversial Varna-based security and business group TIM, has acquired a minority share of 9.
The controversial Holding Varna, which is connected with Varna-based security group TIM, has acquired two hotels formerly owned by Alma Tour, a Bulgarian tour operator that went bankrupt in 2011.
Bulgarian investigative journalists Atanas Tchobanov and Assen Yordanov created one of the only websites in the world to successfully replicate WikiLeaks' model of anonymously leaked bombshell documents. Now their project may face a similar fate.
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
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