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.
With a majority of 197 votes and eight “abstentions”, the MPs accepted the resignation of the former co-chairman of “We Continue the Change” Kiril Petkov as an MP. He took political responsibility for the corruption scandal in..
The authorities in Burgas are introducing a 35-kilometer security zone in the waters of the Burgas Bay, where waiting tankers will not be allowed, BTA reported. The measure is in response to growing public discontent over the strong..
Bulgarian short animated film “The Artist’s Daughter” will be presented today in Tokyo as part of the EU Film Days, BTA reports. The animation is part of the festival program in the “Memory and History” section. “The Artist’s..
Bulgaria appreciates Oman's important role in de-escalating tensions and achieving stability and lasting peace in the region. This is according to Head of..
In recent weeks, the low level of the Danube has not impacted the normal operation of Bulgaria's sole nuclear power plant, Kozloduy, which comprises two..
On Saturday , the lowest temperatures will be between 15 and 23°C. In Sofia - about 18°C. During the day, it will be sunny and hot..
Partly cloudy, chance of rain
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Partly Cloudy
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