Economy of Bulgaria

Corporate Commercial Bank Acquires Credit Agricole Bulgaria

Bulgaria's Corporate Commercial Bank (KTB) has acquired all assets of Credit Agricole Bulgaria, the Bulgarian National Bank (BNB) announced Wednesday.

A deal worth BGN 92 M, which enables KTB to purchase Credit Agricole's Bulgarian unit, has been approved by the Bank Oversight department at the BNB, Bulgaria's bTV channel reported.

Bulgarians' Savings Exceed BGN 40 B

The savings deposits of Bulgarian households reached BGN 40.3 B in the end of Q1 2014, shows data of the central bank (BNB).

In the same period the total sum increased by BGN 1 B, half of which was from the interest rates. 

The sum of the households' savings is nearly half of Bulgaria's GDP, which this year is supposed to be BGN 81.6 B.

Bulgarian Stock Exchange Celebrates 100th Anniversary

The Bulgarian Stock Exchange (BSE) celebrated its 100th anniversary on Tuesday.

On April 15, 1914, the BSE was created through a decree of Tsar Ferdinand, reports.

"According to the decree, the first real joint stock company was created in 1862,' said Rumen Sokolov from BSE-Sofia in an interview for Bulgaria On Air TV

Labor Minister: Share of Working Poor in Bulgaria at 7-8%

Bulgarian Labor Minister Hasan Ademov has said that the relative share of the working poor in Bulgaria has amounted to 7-8% over the past few years, following EU statistics.

Ademov participated Friday in an international conference on the working poor held under the aegis of the European Works Council.

Bulgarian Banks Profits On The Rise

In February the profit of Bulgarian banks rose by BGN 77 M and for the first two months of 2014 reached BGN 149 M, shows Central Bank (BNB) data. 

This is the third consecutive month with increasing profits. The growth is mostly thanks to lower expenses on bad credits and decreasing interest rates. 

Tori Amos To Perform in Sofia

The alternative rock singer Tori Amos will perform in Sofia, Bulgaria, on June 20. 

The concert in Hall 1 of the National Palace of Culture (NDK) is part of her European tour presenting her most recent album, “Unrepentant Geraldines”, set for release in May. 

Tickets go on sale today can be bought at the and websites and at the box offices.