BOC

Funds boost investment in Cyprus banks

Investing in Cypriot banks is becoming increasingly common. 

The progress they have made in terms of the nonperforming loan burden they have shed, their capital adequacy, which is characterized as good, the profits expected as interest rates rise, and the cost cuts they have implemented have transformed them into an appealing investment target.

Olympic Glory Alley Opened in Bulgaria

An Alley of Bulgaria's Olympic Glory was officially opened on Friday in the town of Sveti Vlas on the Black Sea coast of the country, the Bulgarian Olympic Committee (BOC) said.

The alley, which is located on one of the busiest streets, contains the bas-reliefs of the 48 Bulgarian athletes who have won 52 Olympic gold medals for Bulgaria, the BOC said in a press release.

Bulgaria to Send 24 Athletes to Buenos Aires Youth Olympics

SOFIA, Sept. 25 (Xinhua) -- Bulgaria will send 24 athletes to the 3rd Summer Youth Olympic Games in Buenos Aires next month, the Bulgarian Olympic Committee (BOC) said here on Tuesday.

The 24 athletes will compete in 14 sports, the BOC said.

BOC's president Stefka Kostadinova will lead the Bulgarian delegation.

Bank of China to establish deposit bank in Turkey

The Bank of China (BOC) has received permission to operate a deposit bank in Turkey through the investment of $300 million, Turkey's banking watchdog said late Jan. 13, according to Anadolu Agency. 

In a statement, the country's Banking Regulation and Supervision Agency (BDDK) said BOC had brought the "required capital" and would apply to start operating shortly.