The Sofia Globe - daily news and features from Bulgaria, CEE and the world
Bulgaria’s National Audit Office (NAO) has finalised a report detailing the extent of the bad practices in the Bulgarian National Bank’s (BNB) bank supervision, although the conclusion that the department was […]
The State General Reserve Fund of the Sultanate of Oman has lodged an arbitration claim against the Bulgarian government with the International Centre for Settlement of Investment Disputes (ICSID), which […]
The governing board of central Bulgarian National Bank (BNB) has adopted a plan to reform and develop its banking supervision, and to create a new body, a bank restructuring directorate. […]
The chief director of banking supervision at central Bulgarian National Bank (BNB) has resigned with effect from October 1 2015, BNB confirmed in a brief media statement on September 30. […]
Bankruptcy receivers at Bulgaria’s Corporate Commercial Bank (CCB), which was declared insolvent by a court ruling earlier this year, published a list of the lender’s creditors on August 18. CCB […]
From its establishment, Corporate Commercial Bank – formerly Bulgaria’s fourth-largest and now bankrupt – had functioned as a financial pyramid, with its majority owner Tsvetan Vassilev at the pinnacle of […]
Sofia Appellate Court ruled on July 3 to declare Corporate Commercial Bank (CCB) insolvent as of the day that it asked to be put under the special supervision of the Bulgarian […]
A year after the Corporate Commercial Bank (CCB) asked to be put under the central bank’s administration on June 20 2014, Bulgaria has made very little headway towards a satisfactory […]
Bulgaria’s state-owned gas grid operator Bulgartransgaz has filed lawsuits with two courts and has also lodged a complaint with the central bank, seeking to recoup 28.7 million leva, or 15.3 […]
The ad hoc committee tasked with investigating the circumstances that led to the bankruptcy of Bulgaria’s fourth-largest lender has filed a bill that envisions lifting banking secrecy rules in the […]
