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Current date: 2013-12-12 09:36
Bulgaria is beautiful small country situated in south-eastern Europe. Learn more about Administrative Territorial Division of Bulgaria - regions, districts, municipalities, cities and villages.
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Finances: EUR 1 million increase in interest rates on deposits of individuals and business loans in Bulgaria
Bulgaria >> Wednesday, 2013-01-30 11:10
Data of the Bulgarian National Bank (BNB) for December shows up to EUR 1 million increase in interest rates on deposits of individuals and business loans. This has interrupted the trend of a steady decline in interest rates which characterized 2012. While the average interest rate on BGN deposits of individuals increased by 0.06% to 4.84%, EUR deposit interest rates were up by 4.33%. Interest on business loans up to BGN 1 million raised to 8.18%, while if they were in EUR, they improved by 7.72%. Inte...
Finances: More optimistic analysts of Unicredit Bulbank in their outlook on Bulgaria for 2014
Bulgaria >> Monday, 2013-01-21 10:22
The analysts of Unicredit Bulbank appear to be quite optimistic in their outlook on Bulgaria for 2014. The Unicredit Bulbank’s report containing macroeconomic statistics about Bulgaria’s expected GDP growth was presented at Euromoney`s annual meeting in Vienna. In 2012, Bulgaria’s GDP grew 0.6% y/y and the outlook for this year is for an increase by 1.7% y/y. In 2014, Unicredit says, Bulgaria’s economy may grow by as much as 2.8%. All obstacles that were preventing Bulgaria’s economic growth throughout ...
Finances: 7 Bulgarian banks will receive BGN 607 million via an initiative of the National Guarantee Fund
Bulgaria >> Friday, 2013-01-18 12:04
Source: Focus Agency
7 Bulgarian trade banks will receive BGN 607 million via an initiative of the National Guarantee Fund (NGF), part of the Bulgarian Development Bank (BDB). The financial institutions in question are: DSK Bank, Postbank , UBB Bank , Raiffeisenbank, CIBank, Central Cooperative Bank, and the Bulgarian-American Credit Bank. The fund will provide 80% of the guarantees on credits allocated to beneficiaries. Interest rates should be between 7% and 8%.
Finances: First Investment Bank renewed agreement with Taiwan`s Eximbank
Bulgaria >> Thursday, 2013-01-17 11:03
Source: Trud Daily
First Investment Bank (Fibank) on Wednesday renewed its framework agreement with Taiwan`s Eximbank. Under the accord, Fibank will be lending money for Taiwanese imports. Funding terms range from 6 to 12 months for non-durable goods and between 6 months and 5 years for durable ones. Applications will be accepted until November 30 2013. Fibank reminds it has been the first Bulgarian lender to sign a long-term partnership in the banking sector with Eximbank of China.
Finances: The Austrian Meinl Bank planning to open a branch in Bulgaria
Bulgaria >> Thursday, 2013-01-10 11:33
Source: Construction City
The Austrian investment Meinl Bank registered a commercial representation in Bulgaria and is planning to open a branch that should be operational by mid-2013. The initial investment capital of the Bulgarian representation is EUR 10 million. Entering the Bulgarian market is part of the bank’s strategy for an expansion in South-eastern Europe. Setting up a representation is the first step towards exploring the opportunities in Bulgaria. The profile and activity of the Bulgarian branch will correspond to t...
Finances: Austrian Meinl Bank with new services unavailable so far on the Bulgarian market
Bulgaria >> Friday, 2012-12-21 11:47
Austrian Meinl Bank, which officially opened an office in Bulgaria will offer new services unavailable so far on the Bulgarian market. It is a question of investments in equities as well as investment products connected with real estates, stated Peter Weinzierl, director of Meinl Austria for Eastern Europe during the inauguration of its office in Bulgaria. " Meinl bank is quite active on the market for purchasing and trade in debts, mainly of state debts, but private companies debts, too ," Mr Weinzierl s...
Finances: The deposits in Bulgarian banks are mainly Bulgarian
Bulgaria >> Wednesday, 2012-12-05 10:55
Source: 24 chasa
The money deposited in banks is mainly Bulgarian. The share of local resources is growing and now reaches 81.8%, BNB data revealed. The trend for increased financing from local resources started several years ago because of two reasons. Foreign banks started repaying credit lines to their mother banks because of maturity periods or ahead of time, being unable to extend loans because of the slow crediting. In October the resources deposited by households rose by BGN 152 million. The average amount of...
Finances: Management changes for Sofia Branch of BNP Paribas Bulgaria
City of Sofia >> Wednesday, 2012-11-07 02:26
Source: BNP Paribas S.A. - Press release
BNP Paribas S.A . - Sofia Branch (www.bnpparibas.bg) is a corporate and investment bank in Bulgaria . It serves large corporate and institutional clients, spanning the major sectors in the economy. They benefit from a full range of commercial and investment bank services as well as from customer-tailored financial solutions with strong advisory components. BNP Paribas has been present in Bulgaria since 1994. It is also present on the Bulgarian market with its life and credit insurance activities through “...
Finances: BNB will auction EUR 30 million euro in seven-year Treasury notes
Bulgaria >> Monday, 2012-11-05 10:36
Source: Darik Radio
Bulgaria`s central bank will auction EUR 30 million euro in seven-year Treasury notes on November 12. The issue bears an annual coupon of 4.5% and will mature on January 18, 2019, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement on its website. Half of the offer will be set aside for price-competitive bids, while the other half will be earmarked for non-competitive bids. The central bank sold EUR 30 million of seven-year Treasury notes at it...
Finances: Finance minster think over taxes on gambling and stock exchange profits
Bulgaria >> Monday, 2012-10-15 12:22
Source: Darik Radio
After the new tax on interest of bank deposits of Bulgarians , Finance Minister, Simeon Dyankov, plans to impose taxes on gambling and stock exchange profits. He informed these new taxes could also become effective as early as the beginning of 2013. He said his experts are working on respective texts that could be proposed between the two parliamentary readings on the draft 2013 State budget. The goal is to have same measures for all income, regardless of its source. Dyankov further explained he would ...                    >>
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- The monument of the Soviet Army in Sofia decorated in pink because the 45th anniversary of Prague Spring
- Shumen-based Carlsberg brewery starts again after temporary winter break
- Colossal project for extraction and processing of gold containing ores near Breznik
- Shumen municipality may terminate contarct with Israeli company for heating utility Toplofikatsia Shumen EAD
- Bulgarian ski resort operator Pamporovo raises its capital to BGN 1.61 million
- BG Parliament accepted the resignation of Prime Minister Boyko Borisov and his Cabinet
- SMS alert service notifies for any change in ownership of own property in the National Land Registry
- Vinprom Peshtera JSC is amomg the largest taxpayers in Bulgaria
- The government terminated concession contract for the sea beach Shkorpilovtsi - north
- The average monthly salary in Bulgaria - near EUR 415 for December 2013
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