Valea Foundation owned by the Czech entrepreneur Karel Komarek participated in the capital increase of First Investment Bank- Fibank. Valea Foundation acquires 7.9% of the Fibank’s shares. The Bulgarian Development Bank acquires almost 18% of the bank’s shares. The investors have already paid for their shares. The capital increase of Fibank is a condition for Bulgaria to apply for accession to the Eurozone’s waiting room (ERM II) and the Banking Union. This is our first portfolio investment in Bulgaria, which is a promising and fast-growing EU country, Paul Schmidt- member of the Board of Directors of Valea Foundation said.
Bulgarian citizens with criminal charges will be deported from the UK without the right to appeal the decision before expulsion . Bulgaria is among 15 countries added to a system called "Deportation Now, Appeal Later", BNR Horizont reported...
The Holy Trinity Bulgarian Orthodox Church in Madison, Illinois, is hosting the Sixth Annual Bulgarian Festival and invites the local Bulgarian community to join in the celebration. The event will take place on Sunday, September 28, from 12:00 p.m. to..
The prices of several essential foods increased last week . Items such as pork, yoghurt, cheese, oil, and certain fruits and vegetables—including tomatoes and cucumbers—became more expensive. As a result, the consumer basket rose by 1 lev (0.51 euro),..
For the first 7 months of 2025, compared to the same period in 2024, electricity exports from Bulgaria have been growing. This was..
President Rumen Radev has returned amendments to the State Property Act to Parliament for further discussion, the President’s press office announced. The..
The Holy Trinity Bulgarian Orthodox Church in Madison, Illinois, is hosting the Sixth Annual Bulgarian Festival and invites the local Bulgarian community..
Partly Cloudy
Mostly Cloudy
Clear