Financial services

Bulgaria’s Minister of Regional Development and Public Works Opens the Conference "Business and Regions"

Bulgaria's Minister of Regional Development and Public Works Petya Avramova on June 21 will open the conference "Business and Regions". The purpose of the conference is to show good practices for the influence of business on the development of small companies in the relevant regions, which largely determines the existence of a number of settlements, reports BNT. 

Piraeus Bank bond raises 400 mln euros

Piraeus Bank secured a major capital boost on Wednesday, raising 400 million euros through a Tier II bond issue.

The interest rate amounted to 9.75 percent and the offers book, overseen by Goldman Sachs International and UBS, came to 850 million euros, as over 135 institutional investors from more than 20 countries took part in the transaction.

Bulgarian Development Bank will Finance the Construction of New Kindergartens

The Bulgarian Development Bank will assume the role of the financing institution under the InvestEU plan. This European Union program has inherited the "Juncker Plan" and will support the private sector in the European economy. The news was announced on the 18th of June - the Bulgarian Development Bank marked 20 years since it was established, reports BNT. 

Piraeus issues corporate bond

Piraeus Bank is on Wednesday opening its book for the issue of a Tier II corporate bond, putting off the process from Tuesday due to the particularly high interest by investors that did not allow for the bank to meet with all interested buyers.
The aim of the Greek lender is to raise 300-350 million euros while offering an interest rate of 9-10 percent.

Romanians' net wealth exceeds 2,000bln lei last year

The net wealth of the Romanian population exceeded 2,000 billion lei (over 423 billion euro) last year, close to the maximum threshold registered a decade ago, in 2008, and the real estate assets had the highest share in the net wealth of the Romanians, of almost 80 percent, according to data from the Financial Stability Report published by the National Bank of Romania (BNR).