Sogelease Bulgaria, the local leasing arm of Societe Generale Expressbank, received a EUR 20mn loan from the European Investment Bank, money.bg reported. The funds will be used to support small and medium sized enterprises in the country through cheap financing. The majority of the loans will be extended to the agriculture, transport and manufacturing sectors. In December, Fitch assigned Sogelease Bulgaria a long-term IDR of BBB+, with a stable outlook. |
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