DSK Bank

The French Societe Generale Banking Group is withdrawing from all countries in Central and Eastern Europe and is also selling its business in Bulgaria - Societe Generale Expressbank, Capital reported.

The Government issued a state guarantee of up to BGN 50 million under the Student and PhD Students Loan Act for 2018 for new loans granted during the budget year. Financial support consists of guaranteeing principal and interest on credit obligations.

Robbers have stolen an ATM in the town of Dupnitsa on Christmas Eve, Nova TV reported on Friday.

The ATM was loaded with some BGN 200,000 (EUR 100,000) before Christmas, Nova TV said. However, it was not immediately clear how much money there was in the ATM at the time of the robbery.

DSK Bank and CIBANK will provide a revolving loan of BGN 80 M to the FLAG Fund (Fund of Local Government Authorities in Bulgaria).

The money will be used to finish municipal projects financed under operational programs "Environment" and "Regional Development" for the 2007-2013 programming period, according to a media statement of the Regional Development Ministry.

Interior Minister Veselin Vuchkov has announced he had approved measures to step up security at bank offices where deposit holders will have access to their savings at Corporate Commercial Bank (Corpbank or KTB).

Thursday, December 4 is the first day of reimbursement, with deposit holders allowed to manage their assets over the next five years.

Bulgarian police has beefed up security measures relating to the upcoming repayment of state-guaranteed deposits with the collapsed Corporate Commercial Bank.

Bulgaria's Bank Deposit Insurance Fund has announced the names of the nine banks to be in charge of reimbursing deposits at Corporate Commercial Bank (Corpbank or KTB) from December 4.

After KTB has been under conservatorship since June 20, depositors are still waiting for access to their savings.

The Plovdiv District Prosecutor's Office has pressed charges against the Mayor and Deputy Mayor of the Brezovo Municipality, the Municipal Secretary, and a banking official in a case concerning numerous flawed attestations by a notary.

The four were arrested in a special operation of the State Agency for National Security (DANS) on Thursday.

Municipal councilors and a banking officer have been arrested in a specialized operation of the State Agency for National Security (DANS) in the southern town of Brezovo.

Radnyo Manolov, Mayor of the Brezovo Municipality, explained that the special operation had been conducted on Tuesday evening.

One might say it is not our business to draw out cabinets and distribute ministerial seats.

But in the current situation it seemed right to us to offer our own version of a task that the Constitution has assigned to the President - to produce a cabinet blueprint which could set the situation in Bulgaria at rest and return trust in the institutions.

Here is what we think: