BGN

The Bulgarian government should seek a new loan adding BGN 3.4 B to mitigate the impact of developments at the Corporate Commercial Bank (KTB), the government says.

Its latest move was agreed Monday during political consultations at Bulgaria's Presidency aimed at looking into options to manage the crisis.

Captain Stefan Stefanov, who flies the airplane owned by Bulgarian banker Tsvetan Vasilev, has asserted no money was on board as Vasilev left Bulgaria in June.

There are indications for a serious felony and we are investigating it, Interior Minister Tsvetlin Yovchev told journalists in Parliament. 

He did not specify who is under investigation, but said that “obviously money, which was supposed to be in the vault (of the Corporate Commercial Bank (KTB)), is missing”. 

The IT market in Bulgaria continues to grow, shows a survey of Computerworld magazine on the Top 100 ICT companies in the country. 

In 2013 the turnover of the largest companies in the sector surpassed BGN 1.57 B and grew by 21%, compared to 2012. 

In January-May 2014 Bulgarian exports to third countries decreased by 14.8% compared to the same period of 2013 and amounted to BGN 6.1B.

Over EUR 1.2 B (BGN 2.4 B) worth of foreign capitals could flow to Bulgaria this year, InvestBulgaria Agency CEO Svetoslav Mladenov announced.

This is far beyond the EUR 106.6 M that have been invested into Bulgaria since January according to the Bulgarian National Bank (BNB).

Corporate investment into the Bulgarian economy has been almost USD 2 B over the last 10 years, Russia's Foreign Minister has said hours ahead of a visit to Sofia.

Sergey Lavrov has told Focus News Agency that bilateral trade turnover was USD 2.9 B (BGN 4.17 B) last year, citing the numbers as an example for successful commercial and economic relations.

Last year Bulgarian MPs have traveled over 1.7 million km in their official vehicles which is approximately 44 times the length of the Earth's Equator.

Coalition for Bulgaria's MP Plamen Slavov has traveled more than 50,000 km, Bulgarian private TV station BTV reports quoting data released by the Parliament. Plamen Zhelyazkov from the same party has spent over 48,600 km on the road.

The two major donation drives for flood victims in Bulgaria have gathered a total of BGN 1 816 466 as of Wednesday. 

The Bulgarian Red Cross (BRC) campaign for SMS, online and bank transfer donations has gathered BGN 877 947, as of July 2. Around 800 000 BGN were donated through bank transfers and online payment systems, according to the BRC chairperson Hristo Grigorov. 

Bulgaria's Black Sea town of Kiten is the most affordable resort in Bulgaria, according to a survey of the search site trivago.co.uk.