Bulgarian President Rossen Plevneliev has scheduled consultations with parliamentary-represented parties and cabinet ministers on July 14 to discuss “the financial situation of the country.” The list includes parliamentary floor leaders ...
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 a “massed, targeted and extremely manipulative […]
Following the announcement of central Bulgarian National Bank’s decision to withdraw the licence of Corporate Commercial Bank while authorities began making arrests of the bank’s top officials, Deputy Prime Minister […]
The recapitalisation of Credit Agricole Bulgaria could cost Bulgarian taxpayers up to two billion leva (about one billion euro) and lead to excessive deficit proceedings by the European Commission, Bulgaria’s […]
Bulgaria’s Prosecutor’s Office said on July 11 that it was preparing the paperwork to issue an international arrest warrant for Tsvetan Vassilev, the majority shareholder of the Corporate Commercial Bank […]
Bulgaria’s central bank said on July 11 that it will repeal the banking licence of the Corporate Commercial Bank (CCB) and transfer assets to CCB’s recently-acquired subsidiary, Credit Agricole Bulgaria, […]
Several representatives of prominent Bulgarian think-tanks have criticised the amendments put forth by the country’s central bank, proposing to criminalise the offense of spreading misleading information about financial institutions, as [ ...
Russia’s Vneshtorgbank (VTB) banking group is not interested in participating in the recapitalisation of Bulgaria’s Corporate Commercial Bank (CCB), news agency RIA Novosti has reported, quoting an unnamed source at […]
Two days after putting the Corporate Commercial Bank (CCB) under special supervision, the Bulgarian National Bank said on June 22 that it put CCB’s recent acquisition, Credit Agricole Bulgaria, under […]
Bulgarian National Bank (BNB) said on June 20 that it put the country’s fourth-largest lender, the Corporate Commercial Bank (CCB) under special supervision – meaning a temporary suspension of shareholders’ rights […]