Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Insolvency proceedings against Corporate Commercial Bank stop

Photo: BGNES

The Sofia City Court has been informed of an official complaint by the Bromak company in the Supreme Administrative Court against the decision of the central bank to withdraw the license of Corporate Commercial Bank. Under the law, in these cases, the proceedings must be suspended until the end of the administrative dispute. Bromak is one of the main shareholders in the former bank and is owned by the owner of Corporate Commercial Bank Tsvetan Vasilev, who has been abroad for a few months. Meanwhile it was reported that offsetting of 400 million euro will be declared void as the aim is sale in order to collect more money for the fund for guaranteeing deposits. This is what the ruling coalition of GERB and the Reformist Bloc have ageed upon.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny with fog in the lowlands and around water basins

Overnight it will be mostly clear with scattered high clouds . Winds will weaken and die down in many areas. In the morning hours, brief fog may form in the lowlands, valleys and around water basins. Lows will be between minus 3 and 2°C, around minus 2°C..

published on 11/18/24 7:05 PM

Bulgaria continues its efforts for a visa-free regime with the US

Bulgarian Minister of Foreign Affairs Ivan Kondov welcomed today the US Deputy Secretary of State for Management and Resources Richard Verma. The meeting discussed the strategic partnership between Bulgaria and the US with an emphasis on security..

published on 11/18/24 5:58 PM
Lyudmila Petkova

Interim Finance Minister promises no tax or social contribution increases in 2025

Deputy Prime Minister and Finance Minister Lyudmila Petkova has pledged that there will be no increase in social contributions, corporate or personal income taxes in 2025. The Covid-19 pension supplements will not be discontinued and the budget..

published on 11/18/24 4:46 PM