All posts in Business

November 25, 2014, by The Sofia Globe staff

The European Commission (EC) said on November 25 2014 that it had decided that liquidity measures granted by Bulgaria in favour of First Investment Bank (FIB) in Bulgaria were in […]

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Bulgaria deposit fund names banks to handle CCB payouts

November 24, 2014, by The Sofia Globe staff

Bulgaria’s bank deposit guarantee fund named on November 24 the nine banks that will handle the payouts of depositors in the Corporate Commercia ...

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Bulgaria’s law on commercial register raises risk of theft of companies – report

November 24, 2014, by The Sofia Globe staff

Bulgaria is on the verge of an “epidemic” of a theft of companies because of shortcomings in the Commercial Register Act, lawyers say, acc ...

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Shareholder in Bulgaria’s CCB appeals against licence loss

November 20, 2014, by The Sofia Globe staff

Sofia City Court said on November 20 that suspended the insolvency proceedings concerning the Corporate Commercial Bank (CCB), following an appeal aga ...

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    Moodys upgrades Bank of Cyprus’ deposit ratings
    November 19, 2014, by Independent Balkan News Agency

    Moodys Ratings agency on Monday upgraded Bank of Cyprus’ (BoC) long-term deposit ratings to Caa3 from Ca with stable outlook, warning however that the lender still faced immense challenges. Moody’s […]

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    FDI in Bulgaria in January-September was 1.1B euro
    November 17, 2014, by Independent Balkan News Agency

    Foreign direct investment in Bulgaria in the first nine months of 2014 stood at 1.1 billion euro, the equivalent of 2.7 per cent of the gross domestic product (GDP), the […]

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    Orbis to take over Accor’s operations in Central Europe
    November 17, 2014, by The Warsaw Voice

    Poland’s largest hotel operator Orbis Group has been cleared by its supervisory board to purchase the 46 existing and planned hotels in Central Europe from its strategic partner Accor in […]