Bulgarian National Bank

Bulgaria's Parliament has officially dismissed Tsvetan Gounev from the post of Deputy Governor of the Bulgarian National Bank (BNB).

The dismissal was approved by a unanimous vote on Thursday, with 108 votes in favor.

The foreign direct investment (FDI) in Bulgaria in the period January - November 2014 are lagging behind with 20 % compared with the same period for 2013.

According to the preliminary data of the Bulgarian National Bank (BNB), FDI amounts to EUR 1.224 B for the period.

The investments increased during the first quarter of 2014, but dipped sharply in the second quarter.

Bulgaria's central bank deputy governor Dimitar Kostov is the most likely successor to Tsvetan Gounev as head of the bank's Banking Supervision Department if Parliament dismissed Gounev, 24 Chasa news daily reported on Thursday without quoting sources.

Bulgaria's Supreme Administrative Court (SAC) on Tuesday upheld the central bank's decision to cancel the banking licence of collapsed Corporate Commercial Bank (Corpbank).

The decision can be appealed before a five judge-panel of the SAC within seven days.

KPMG Bulgaria will be fined BGN 100 000 due to major shortcomings and discrepancies in the audits of the Corporate Commercial Bank (KTB, Corpbank).

The four executive directors of collapsed Corporate Commercial Bank (KTB) on Thursday addressed Bulgarian Prime Minister Boyko Borisov in a letter, in which they expressed concern that he was being deceived.

In the letter they explain the functioning of the Bulgarian Deposit Insurance Fund (BDIF) and dismiss accusations hurled at KTB, private bTV station reported.

Bulgaria's Banker weekly has published an interview with Tsvetan Vasilev, majority owner of KTB AD, headlined "Vivacom is a tasty bite for political hyenas".

Bulgaria's Prime Minister Boyko Borisov has accused his last elected predecessor Plamen Oresharski and the then-FM Petar Chobanov of plotting a scenario to destroy Corporate Commercial bank (KTB).

Bulgaria's Supreme Administrative Court (VAS) is to hold the first sitting on the case against the revocation of the license of Corporate Commercial Bank AD (KTB, Corpbank) on Monday.

The lawsuit initiated by shareholders and depositors of the bank, including Bromak EOOD, majority shareholder of Corporate Commercial Bank AD, owned by Tsvetan Vasilev.

Commercial Bank Victoria EAD is opening on Friday, December 12, following nearly half a year of conservatorship.

All sums, and not only those of up to BGN 196 000 (as the case was with Corporate Commercial Bank) will be available for withdrawal.