The Commission on Protection of Competition has permitted Post Bank, with legal name Eurobank Bulgaria AD, to acquire Piraeus Bank, Bulgaria.
After permission for the deal was given by the Bulgarian National Bank, the financial entity is now the fourth biggest financial institution in terms of assets in Bulgaria.
The 75 million euro deal was negotiated at the end of 2018 and will be completed within the space of one month. The bank’s loan portfolio and its market share in Bulgaria will be in excess of 10 percent, analysts say. In 2015 Eurobank acquired the assets of another financial institution from Greece on the Bulgarian market – Alpha Bank.
On Saturday, minimum temperatures in the country will be between 2 and 7°C, in some valleys in the south-east 0°C, in Sofia 2°C. During the day there will be cloudy weather with heavy precipitation in the eastern areas. In the western part of the..
At an extraordinary meeting, the National Assembly examines the report of the temporary parliamentary committee on the agreement between the state gas supplier Bulgargaz and Turkish energy company Botas. However, the conversation moved into the..
Caretaker Minister of Foreign Affairs Stefan Dimitrov stated that he remains in office until there is a presidential decree for his release. We recall that his replacement was requested by the caretaker PM Dimitar Glavchev a week after taking..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to..
Bulgarian Caretaker Prime Minister Dimitar Glavchev has met with the Prime Minister of the Netherlands Mark Rutte , the press service of the Council of..
The Bulgarian Socialist Party will send the parliamentary report on the gas contract with the Turkish state-owned energy company Botas to the..
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