Economy of Bulgaria

Center-right GERB party, the biggest in Parliament, is to preside over the two temporary committees with the National Assembly formed Wednesday.

The decision was announced a few hours ahead of MPs' first regular plenary session after the legislature was convened on Monday.

Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.

After keeping the Corporate Commercial Bank (KTB) in a coma for four months, yesterday Bulgaria's Central Bank (BNB) presented to the public an irresponsible lampoon, not a professional audit analysis, said the suspended KTB executive directors in an open letter to the media.

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The deposits in Bulgaria's banks grew by BGN 531 M in September, shows data of the Bulgarian National Bank.

This is the second consecutive month with growth, after the summer bank troubles when depositors were withdrawing large sums.

At the same time the lending activities remain relatively weak - in September the banks gave BGN 342 M in credits.

Some 20 Bulgarian companies are involved in the construction of infrastructure for Qatar's 2022 FIFA World Cup, according to Ziad El Masri, Chairman of the Bulgarian-Arab Business Association.

The Japanese drummers Yamato will present in Bulgaria their new spectacle ROJYOH - On the Road on October 28 in Hall 1 of Sofia's National Palace of Culture (NDK).

The show is part of their 2013-14 YAMATO 20th Anniversary Tour. In the 20 years of their history they performed in 55 countries across the world.

The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit report of the financial institution.

KTB was placed under conservatorship by the Bulgarian National Bank on June 20 due to a bank run.

Bulgaria's central bank is resorting to "absurd" excuses to avoid carrying out its legal duties about Corporate Commercial Bank (Corpbank or KTB), its owner has said.

In a statement on his website, Tsvetan Vasilev also points out the bank is actually serving the interest of a coalition called "PPP", but stops short of revealing what stands for the abbreviation.

The National Art Gallery will commemorate the 100-th anniversary of the beginning of World War I with a photo exhibition.

The Belgo-Canadian pop star Lara Fabian will perform two shows for her Bulgarian fans in Sofia.

The two shows will be on October 22 and 23 in Hall 1 of Sofia's National Palace of Culture (NDK).