Bulgaria's central bank
Countdown Begins: Bulgaria Faces Five-Month Challenge to Meet Eurozone Entry Criteria
Bulgaria is on a tight five-month deadline to fulfill the prerequisites necessary to join the eurozone by January 2025, revealed Deputy Minister of Finance Ivaylo Yajdjiev on January 19. The primary criteria involve lowering the inflation rate and adopting the BNB law to align Bulgaria's central bank with European standards.
Bulgarian National Bank Forecasts GDP Drop at 4,4 Percent Rate for 2020
In its regular quarterly economic review, the Bulgarian National Bank predicts that the country's gross domestic product will register a decrease of 4.4 percent for 2020.
In the previous forecast in September, the expected fall in GDP was 5.5%.
Commercial Banks in Bulgaria Have 5 Days to Decide on Payment Moratoria
Bulgaria's central bank BNB has adopted the guidelines approved by the European Banking Authority for private moratoria on payments in light of the Covid-19 crisis, BNR reported.
Bulgarian Central Bank Approves OTP's Purchase of SocGen's Local Business
Bulgaria's central bank has given Hungary's OTP Bank the green light to buy Societe Generale's Bulgarian businesses, the central bank said in a statement on Wednesday, reports Reuters.
Reuters: Bulgaria Raises Risk Buffers for 10 Banks as Seeks Euro Entry
Bulgaria's central bank said on Monday that 10 of the Black Sea state's 22 commercial banks would have to adopt extra protective capital buffers as Sofia seeks to join the euro bloc, reports Reuters.
Bulgaria's Fibank Non-cons Net Profit Rises in H1
SOFIA (Bulgaria), July 31 (SeeNews) - Bulgaria's First Investment Bank (Fibank) [BUL:5F4] said that its non-consolidated net profit rose to 45.4 million levs ($23.2 million/27.2 million euro) in the first half of 2018 from 40.6 million levs in the like period of last year.
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Trial over Corpbank Siphoning Off Began, Vassilev Asks for Discontinuance
The court sitting on the case for siphoning off of more than BGN 2 and a half billion from the Corporate Commercial Bank on 28th of February continues for second day In the Specialised Court. The former banker and majority shareholder of the bank, Tzvetan Vassilev, and other 17 people are defendants in the process, charged as an organised criminal group.
Bulgarian Central Bank to Enforce Guidelines on Bad Loans by End of 2017
Bulgaria's central bank is gearing up to enforce stricter rules intended to help reduce non-performing loans (NPLs) at the country's banks by the end of the year, deputy central bank governor Dimitar Kostov said on Wednesday.
Governor of Bulgarian National Bank: Bank Sector in Bulgaria Stable after 2014 Problems
''The banking sector in Bulgaria is stabilised after the problems we had in 2014 and bankrupcy of the country's 4th-largest credit institution - Corporate Commercial Bank due to fraud and internal misappropriation, but bad loans remain a challenge according to reports by the International Monetary Fund and the European Commission'', the governor of Bulgarian National Bank (BNB), Dimitar Radev,
Bulgaria Lags Behind in Attracting Foreign Investment - Industry Group
The Bulgarian Industrial Association (BIA) has warned the country ranks last in the size of foreign investment drawn by EU member states.
In an interview with public radio BNR, BIA Chairman Bozhidar Danev has added investment into the country is "mainly based on public money and EU funds."