Economy of Bulgaria
Bulgaria Retail Sales Growth Slows Down M/M but Picks Up Y/Y in August
The volume of retail trade in Bulgaria increased in August for a fourth month running, albeit at a slower pace, Eurostat figures showed on Friday.
Bulgaria’s GDP Growth Intensifies in Q2 2014
Bulgaria's economy grew by a preliminary 1.6% on the year in the second quarter of 2014 following a 1.2% increase in the first quarter, the statistics office said on Wednesday.
The second-quarter increase is an improvement on the result recorded in the equivalent period of 2013 when Bulgaria's Gross Domestic Product (GDP) grew by 0.4%.
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KTB Depositors Threaten to Foil Bulgaria's Elections
Depositors at troubled Corporate Commercial Bank (KTB) have demanded that the bank be open before October 5, the date of early elections for Parliament in Bulgaria.
They have also insisted that Bulgarian National Bank (BNB) Governor Ivan Iskrov step down immediately.
KTBalive Group Slams at Bulgaria's Central Bank Governor
KTBalive Facebook group has accused Bulgaria's central bank governor of attempting to depict protests by frustrated depositors at troubled Corpbank (KTB) as being manipulated.
Another Court Rejects Appeal Dismiss BNB Deputy Governor
Sofia Court of Appeals has turned down the request for dismissal of Tsvetan Gounev as BNB Deputy Governor.
The ruling, which follows a similar move from the Sofia City Court, has been explained with "lack of evidence".
Finance Ministry Meets with EPIC to Discuss KTB Recovery
Interim Finance Minister Rumen Porozhanov has announced his institution is to meet representatives of Vienna-based fund EPIC in the coming days.
After a cabinet session Porozhanov explained his ministry sought to get familiar with prospective intentions to rescue troubled Corporate Commercial Bank (Corpbank or KTB).
BNB Welcomes KTB Shareholders' Efforts to Work on Recovery Plan
Bulgarian National Bank (BNB) has welcomed the efforts of EPIC Financial Consulting to prepare a plan for the recovery of Corpbank (KTB), Monday.
BNB is willing to participate within its competence in discussions on the restructuring and recapitalization of the bank, a statement issued by the press office of the Central Bank reads.
Eurocoal: Bulgaria's Coal Production Decreases over Past Few Years
Bulgaria's coal production has decreased over the past three years, according to statistics of Eurocoal.
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Services, Current Transfers Boost Bulgaria’s July C/A Surplus
Bulgaria's current account showed a surplus of EUR 594.3 M in July, compared with a surplus of EUR 194.3 M in the equivalent month of 2013, the central bank (BNB) said on Monday.
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Corpbank Rescue Options to Be Discussed at BIA
Bank experts, trade-union representatives and employers are set to discuss ways out of the crisis at Corporate Commercial Bank (Corpbank or KTB) and possible bailout scenarios.
A letter from the Sultanate of Oman's State General Reserve Fund (SGRF) is to be discussed during the talks at the Bulgarian Industrial Association (BIA).
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