UK credit company International Personal Finance Plc is considering starting operations in Bulgaria and Ukraine this year, Bloomberg informed. CEO John Harnett has said in an interview for Bloomberg that the two countries are seen as top priority and explained that the company is searching for markets that are moving into the growth phase. The net income of International Personal Finance surged 80% to GBP 59.2mn last year as revenues increased by 11% to GBP 608.7mn. International Personal Finance provides unsecured loans to low-income households in CEE countries and Mexico. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more