UniCredit Bulbank

The trend of rising fees that banks collect for various products and services continues. The next increase has been a fact since the beginning of August, mainly referring to the service in the branches. The explanation is that, in addition to inflation, the administrative costs of maintaining a branch network make services offered locally more expensive.

Bulgarian economy has been shrinking in the last trimester of 2020, but the same trend is expected to persist in the first months of 2021 too, forecast UniCredit Bulbank experts in their three-month analysis of economic development of the Central and East European countries.

"United against COVID-19" will support projects that assist vulnerable groups affected by the crisis, including medical staff, people with disabilities, the elderly, children, minorities, the homeless, the unemployed, single parents and others, the US Embassy in Bulgaria reported.

The construction of a mansard floor on the roof of one of the most remarkable buildings in Sofia, which is located at the corner of Ivan Vazov Street and Rakovski Street, is under preparation. The work plan for the change already has the consent of the Ministry of Culture and has been signed by the Minister of the Ministry Boil Banov.

The problem of negative interest rates directly damages the business in our country. Big banks in Bulgaria have been getting a hefty "fee" for about a year to maintain large corporate deposits, it is clear from their tariffs, a Mediapool check shows.

Fitch has confirmed BBB's UniCredit Bulbank's Long Term Issuer Ratings (IDRs) and self-rating bb +.

Assignees of the bankrupt Corporate Commercial Bank will start paying EUR 391 million to the bank's creditors. The payment of the amounts from the first partial account will be made through the network of UniCredit Bulbank.

Teodora Petkova is the new Chairperson of the Management Board and CEO of UniCredit Bulbank, the bank said on May 2. She will replace Levon Hampartzoumian who left the post at the end of April after successful completion of his term in office, reports BNT.

The appointment of Teodora Petkova is subject to entry in the Commercial Register, the bank announced.

Equinix officially opened its second data center in Bulgaria and the event was attended by US Ambassador to Bulgaria Eric Rubin. The investment amounts to $ 19 million.

The Bulgarian National Bank (BNB) has lowered its forecast for economic growth this year from 4.2% to 3.9%, according to the Economic Review.

Thus, the central bank forecast coincides with that of the government, which also expects growth of 3.9%. Last year the country's economy grew by 3.6%.