Bulgarian National Assembly Unanimously Approves 30% Salary Increase for the Military
The Bulgarian National Assembly has unanimously voted in favor of a 30% salary increase for military personnel
Bulgaria’s Bulstrad, part of Vienna Insurance Group (VIG), has completed the acquisition of the country’s bancassurer UBB-AIG, VIG said on Tuesday.
Simultaneously with the acquisition, a cooperation agreement with United Bulgarian Bank (UBB) has been signed, VIG said in a statement.
UBB, owned by the National Bank of Greece (NBG) group, was Bulgaria’s fifth-largest bank by assets at the end of November 2015, according to statistical data of Bulgaria’s central bank.
“As a result, Vienna Insurance Group has expanded its portfolio in Bulgaria, enhancing sales potential in the country as part of the Group’s multi-brand distribution strategy,” VIG said.
“By acquiring UBB-AIG Bulstrad took advantage of the opportunity to strengthen its presence in the Bulgarian market and open up further customer segments,” commented Peter H?finger, member of the VIG managing board.
UBB-AIG posted net profit of BGN 1.38 M (EUR 700,000) on premium income of BGN 4.5 M (EUR 2.3 M) in 2014, according to the statement.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022