Two-thirds of the insured deposits at Corporate Commercial Bank that was declared bankrupt have been paid out. The amount of deposits paid out so far is 1.15 billion euro, said Radoslav Milenkov, Chairman of the Bulgarian Deposit Insurance Fund Management Board. He explained there was no official statistics as to how much of the amount was paid out in cash but information coming from the nine payout banks suggested that cash payouts came to a mere 1.5 - 2%. This implies depositors prefer to keep their money in the banking system and that they still have trust in it, Milenkov said.
"Money for salaries in the tourist sector has increased many times, but there are no staff in Bulgaria." This statement about the state of the tourism industry in Bulgaria was made by Veselin Nalbantov, Deputy Chairman of the Bulgarian Hotel and..
Thousands of miners and energy workers, members of the two main trade unions, the Confederation of Independent Trade Unions in Bulgaria (CITUB) and the trade union "Podkrepa", gathered in the area between the buildings of the National Assembly and the..
The National Assembly removed its chairman Rosen Zhelyazkov from office. His dismissal was proposed by We Continue the Change - Democratic Bulgaria, Vazrazhdane and BSP for Bulgaria. 129 MPs voted in favour and 103 MPs voted against. Rosen..
In 2021, the value added of the EU’s information and communication technology (ICT) sector was equivalent to 5.5% of the EU’s gross value added: 4.7%..
MEPs are concerned about Russian interference in the upcoming elections on June 9, and the properties on the territory of Bulgaria currently owned by..
On Wednesday minimum temperatures in the country will range from 7 to 12° C., for Sofia 9° C. During the day there will be sun, with clouds over the..
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