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Coronavirus wipes out half of banks’ profit in 2020
Weak lending and COVID-19 measures are to blame. For a second year in a row, Bulgarian banks will skip dividend
Bulgaria’s new factories
Investment projects worth less than 430 mln levs were announced in 2020 - a third of the amount in 2019
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
Economic growth slips
Bulgaria’s economic growth slows to six-year low of 2.4% in the first quarter of 2020. Timid signs of recovery can already be seen but it is still too early for optimism
Bulgaria finally enters the euro’s waiting room
The country will continue implementing reforms in the judiciary and in the fight against organized crime and corruption, according to the ECB
Economic outlook for Bulgaria remains (relatively) rosy
The chances of an impending recession are slim, the country’s forecast looks good compared to rising pessimism in Europe
ECB’s test: who failed and who passed
Four Bulgarian banks passed the European Central Bank’s comprehensive assessment, whereas Fibank and Investbank face capital shortfalls
The best banks of 2018
UniCredit Bulbank returns to take the lead in K10, the annual ranking of the leading banks in Bulgaria by Capital newspaper, largely thanks to a dividend sweetener in its profit
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
What should Bulgaria expect from the euro?
It is now clear that euro zone membership has improved the economic performance of new member states
Bulgaria’s euro bid moves a step closer
The positive outcome of ECB’s asset quality review of Bulgarian banks will be the real entry ticket
New stress tests for Bulgarian banks
The European Central Bank will be conducting an assessment of six lenders starting in November
When it walks like corruption, when it quacks like corruption
While the Bulgarian authorities appear to be cracking down on some allegedly corrupt officials and businessmen, oligarchic interests favored by those in power receive a significant economic boost