BNR

Damages after Saturday's incident when a passenger train went of the tracks in Eastern Bulgaria could exceed BGN 2 M, Transport Minister Danail Papazov announced.

Papazov told public broadcaster BNR that the entire rolling stock of the train was damaged in the incident.

Bulgarian media reported on Friday that the Bulgarian National Bank, BNB, would revoke the license of the Corporate Commercial Bank, Bulgaria’s fourth largest bank, and nationalize its subsidiary, Credit Agricole Bulgaria.

The Bulgarian National Bank (BNB) is to suspend the license of troubled Corporate Commercial Bank (KTB) and to nationalize its subsidiary, Credit Agricole Bulgaria.

Opposition GERB supports Kristalina Georgieva, outgoing EU Commissioner on humanitarian affairs, for a new term at the union's executive body, party leader Boyko Borisov says.

Active landslides on both sides of drainage gullies are becoming more and more dangerous to flood-stricken Asparuhovo district in Bulgaria's Varna, an expert believes.

Turkmenistan's President Gurbanguly Berdimuhamedow has said his country is interested in boosting ties with Bulgaria on an equal footing.

Bulgarian lawmakers back a proposal envisaging jail for dissemination of false news on banks, Parliament's Finance Committee Chair Yordan Tsonev said.

Authorities have a concrete direction in their investigation into the identity of the people targeting certain Bulgarian banks, officials announced.

Bulgaria's political leaders will insist that Europe continue talks with Russia over the South Stream gas pipeline on the European Council starting in Brussels Thursday.

National Health Insurance Fund (NZOK)'s overdraft is expected to be BGN 491 M (EUR 245.5 M), a financial report at the institution reveals.

It shows a BGN 91 M increase of the deficit compared to previous estimates.