Archive for July 11th, 2014

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July 11, 2014, by The Sofia Globe staff

The Bulgarian National Bank (BNB) announced on July 11 that it would repeal the banking licence of the country’s fourth-largest lender, Corporate Commercial Bank (CCB). Below is a timeline of […]

Bulgarian President calls July 14 consultations on ‘financial situation’

July 11, 2014, by The Sofia Globe staff

Bulgarian President Rossen Plevneliev has scheduled consultations with parliamentary-represented parties and cabinet ministers on July 14 to discuss ...

CCB majority shareholder Vassilev decries ‘massed campaign’ against him

July 11, 2014, by The Sofia Globe staff

The majority shareholder of Bulgaria’s Corporate Commercial Bank (CCB), Tsvetan Vassilev, said in a statement on July 11 that he was the subject of ...

Bulgaria’s Corporate Commercial Bank scandal: Political reactions

July 11, 2014, by The Sofia Globe staff

Following the announcement of central Bulgarian National Bank’s decision to withdraw the licence of Corporate Commercial Bank while authorities ...