Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Fibank (First Investment Bank) successfully increased its capital.
Today, investors paid for the shares of the new issue of securities. The new shareholders of the bank are the Bulgarian Development Bank (BDB) with 18.35% and the Valea Foundation with 7.87%.
"This is our first portfolio investment in Bulgaria. Bulgaria is a promising and rapidly developing country - a member of the European Union. Fibank, a leading private bank with Bulgarian capital, has a huge potential for growth and further expansion of products and services in the banking sector, "said Mr. Paul Schmid - Member of the Board of the Valea Foundation.
As of July 2, 2020, Fibank will increase its share capital by BGN 195,424,000, and the total capital adequacy ratio of the bank will reach 22.52% compared to 19.57% as of March 31, 2020.
Fibank continues to implement its strategy for lending to small and medium-sized enterprises and individuals.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgaria emerges as a surprising leader in the realm of gold ownership, securing its position among the top three countries in Europe per capita
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria
Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300,
The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023
According to data from the Institute for Social and Trade Union Research at the National Council of National Statistics, women in Bulgaria receive wages that are on average 12.6 % lower than men, but in several economic sectors, the differences are signif
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion