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Money for RES for businesses’ own use
Commercial lenders and Bulgarian Development Bank (BDB) provide financing for solar power plants for businesses. Also, there is a funding program with 200 million levs in grants under the Recovery Plan
Bulgarian banks’ profit rises to 1.4 billion levs in 2021
Lower impairment costs, decreased contributions to guarantee funds and the credit moratorium boosted annual profit by 600 million levs
KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal
KBC Group is also owner of United Bulgarian Bank (UBB) and the merger of the two banks will create a third local giant of the caliber of UniCredit Bulbank and DSK
Food and beverage Top 30: Sunflower Billions
The sector as a whole performs well, but the champion is sunflower oil production
Bulgarian banks weather stormy year in 2020
The financial sector got a reprieve for the coronavirus crisis but risks are yet to come in 2021
The golden passports of Bulgaria; the new lockdown and the elections; how to get a year of free rent
K Insights 19/03: the dirty campaign begins and what is cyberethics
The deals of 2020: Few and far between
The pandemic practically froze the M&A market. Buyers are still mostly local faces
KBC expanding into Bulgaria’s pension insurance market
The Belgian group is acquiring Dutch-based NN’s Bulgarian businesses for 77.7 mln euro
Coronavirus puts pressure on Bulgarian banks
In the second quarter, banks’ profits plummeted due to higher provisions and declining interest and fee income
The pressure below surface
Bulgarian banks remained profitable in the first three quarters of 2020 despite the coronavirus impact but with the expiry of the credit moratorium drawing nearer pressure will likely increase on profit margins in the coming months
What a waste
A large-scale Bulgarian business with international reach comes under unexpected attack from the prosecution
TOP30 of Bulgaria’s construction companies: Riding on the highway of public contracts
The sector has achieved significant revenue growth mostly stemming from government contracts for infrastructure projects, but also because of a revival in the real estate market
Bulgaria’s c-bank urges greater caution in lending
For the first time, the regulator warns of potential risks for Bulgarian banks associated with the ECB's asset quality review
TV masters and puppets
Bulgarian businessman Kiril Domuschiev is buying Nova TV in a purchase that will tighten the media grip of the ruling GERB party
New billion-lev deal in Bulgaria’s banking sector
DSK Bank is set to buy Societe Generale Expressbank for close to 1.0 billion levs, or 1.3 times its capital, vying for the top spot in the sector in terms of assets.
Bulgaria’s rocky path to the euro
Sofia received a formal promise to join the euro, but it will need to follow a longer procedure in comparison with earlier applicants
Accelerator for Bank Mergers
After the sector shrunk by four banks in the last five years, at least two more sales and a merger are expected before year-end.