One of the leading banks in Bulgaria, DSK Bank, owned by the Hungarian OTP Bank, signed a contract for the acquisition of the French Société Générale Expressbank.
The contract is for 99.74 percent of SGE, which is currently holder of 6.7 percent of the market share and is the 7th biggest bank on the Bulgarian banking market.
DSK Bank is the second biggest creditor in the country, and after the acquisition of Société Générale, it is expected to increase its market share to around 19 percent.
A day before the third motion of no confidence in Prime Minister Rosen Zhelyazkov’s cabinet was due to be voted on, the Velichie party submitted a fourth motion. Today, the National Assembly debated the no-confidence vote proposed by..
Fewer and fewer Bulgarians living abroad send their children to Sunday schools where Bulgarian language and culture are taught, said Veneta Nenkova, founder of the Bulgarian school ''Asen and Iliya Peykovi'' in Rome, in an interview with the BNR’s..
Bulgarian MPs are discussing a third vote of no confidence in the government of Rosen Zhelyazkov, BTA reports. According to the initiators from Vazrazhdane, the cabinet has failed in its financial policy. “The cabinet is..
A historical festival in the "Gradishte" area, where the ruins of an early Byzantine fortress are located, is organized today from..
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important..
Partly cloudy, chance of rain
Clear
Partly Cloudy
sunshine, cloud, rain and thunder