Commercial Bank

The case filed by the State Oman Reserve Fund against the Bulgarian state over the bankruptcy of Corporate Commercial Bank (CCB) has been finalized, the finance ministry said. The foreign fund, which was a shareholder in the bank, claimed compensation for the refusal of the Bulgarian authorities to try to save it. Back in the spring, the Omani gave up their claim.

The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country's banking sector in the dominant "big four" (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank).

The Bulgarian economy is getting brighter and the level of transparency reaches 79 points, Prime Minister Boyko Borissov announced at the beginning of today's government meeting. He quoted a study by the Association of Industrial Capital in Bulgaria.

Representatives of SINO - CEEF capital, part of the world's largest bank, the Chinese ICBC, will be visiting Bulgaria to explore projects with investment potential. This is reported by the press center of the Ministry of Economy.

The Greek Prime Minister Alexis Tsipras promoted an agenda of positive relations between Greece and Turkey during his meeting with the Turkish President Recep Tayyip Erdogan this morning in Beijing.

According to some sources, the Turkish president expressed the wish to fully implement the Lausanne Treaty.

The Commercial Bank of Qatar (CBQ) has now become the sole owner of Turkey's Alternatifbank (ABank) in a deal signed with Turkey's Anadolu Group. 

Bulgarian businessman Tsvetan Vasilev drained BGN 2.5 B out of his own bank through special purpose vehicles, consultancy firm AlixPartners says in a report made public on Tuesday.

The report had been ordered by officials to track down the assets of Bulgaria's fourth-largest lender after its insolvency was declared in 2014.

As many as 15 porters have entered the headquarters of private national TV7 in Sofia, Bulgaria, to collect equipment after a week-long deadline of debt payment has expired.

The report on the activities of the State Agency for National Security (DANS) in 2013 containing information on the financial stability of Bulgaria has not been presented in the Council of Ministers to the National Asembly.

The announcement was made to the Chair of the Temporary Commission on Corporate Commercial Bank, Desislava Atanasova.

Bulgarian prosecutors have accused a central bank official of deliberately failing to exercise proper supervision over the lending operations of collapsed Corporate Commercial Bank.