The state-run Bulgarian Development Bank (BDB) and the local branch of the US Citibank signed an agreement for two credit lines at the total amount of EUR 32.7mn, BDB said on its website. BDB, which ranked fourteenth-largest in terms of assets as of end-June, will use the funds to support the small and medium-sized enterprises (SMEs) and to provide trade loans. BDB specialises in loans for the SMEs which face difficulties to obtain private financing. |
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