Economy of Bulgaria

Bulgaria's coal production has decreased over the past three years, according to statistics of Eurocoal.

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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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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).

The State General Reserve Fund (SGRF) of the Sultanate of Oman is working with the Bulgarian government to handle the situation at Corporate Commercial Bank (Corpbank or KTB).

SGRF President Darwish al-Balushi, also serving as the country's Finance Minister, made the announcement, stopping short of revealing any details, BGNES wire service reports.

The Bulgarian National Bank kept its eyes shut for many irregularities in the financial sector, Bulgaria's caretaker Prime Minister Georgi Bliznashki told  bTV national channel. 

In Bliznashki's words, the situation with the Corporate Commercial Bank (KTB) was a "ticking time bomb" and hinted at eventual similar problems in the banking sector. 

The paper note of BGN 2 will be replaced with a coin in 2015, according to Bulgaria's National Bank sources cited by Standart News.

The new coin will be made of two metals just like the BGN 1, but unlike it the inner part will be yellow and the outer circle will be white.

A protest rally in front of the central bank building in Sofia on Friday demanded the reopening of Corporate Commercial Bank (KTB or Corpbank), state radio BNR reported.

Caretaker Finance Minister Rumen Porozhanov has said that depositors may get partial access to their funds at Bulgaria's troubled Corporate Commercial Bank (KTB, Corpbank) in September.

Bulgaria’s former Prime Minister Ivan Kostov on Thursday said there are two options to rescue the troubled Corporate Commercial Bank (KTB).

The Sofia City Court has placed an injunction on the property of Tsvetan Vasilev, majority owner of Bulgaria's troubled Corporate Commercial Bank (KTB).