Municipal Bank

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MUNBK

Sofia Buys Another 10 Second-hand Trams from Prague

The municipal company "Stolichen elektrotransport" will buy another 10 second-hand trams from Prague. The funds for the acquisition - 400 000 BGN will be provided by the Specialized Municipal Privatization Fund.

The trams must have been manufactured at the earliest in 1995. The unit value of one coach is about 40 000 BGN.

Bulgarian Development Bank Conducts Top-Level Reshuffle

The Supervisory Board of the state-owned Bulgarian Development Bank (BDB) has conducted a top-level reshuffle.

Angel Gekov and Iliya Kirchev will replace the outgoing Chairman of the Management Board and Chief Executive Officer Dimo Spasov and the member of the Management Board and Executive Director Ivan Hristov.

Bilian Balev remains part of the governing body of the BDB.

Vladislav Goranov, Finance Minister (GERB)

Vladislav Goranov will serve as Minister of Finance in the coalition cabinet of GERB party and the Reformist Bloc (RB) led by Boyko Borisov.

Goranov, born in 1977, holds  a degree in economics from D. Tsenov Academy of Economics in Svishtov.

From 2001 until 2009 Goranov was head of Social Expenditures department at the Finance Ministry.

2 Masked Men Rob Bank Office in Bulgaria's Yambol

Two masked men have stolen an estimated BGN 80 000 from a bank office in the southeastern Bulgarian city of Yambol.

The office of Municipal Bank is located in the building of the Yambol Municipality in the city center, according to reports of the Bulgarian National Radio (BNR).

The attack happened at around 6.05 pm on Wednesday.