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.
The Sofia Regional Prosecutor’s Office has indicted 6 individuals for hooliganism in front of the European Commission and European Parliament building in Sofia. The incident occurred during the protest organized by Vazrazhdane against the..
At three consecutive sittings today, the Council for Electronic Media (CEM) failed to elect a director general of Bulgaria’s public service TV BNT. None of the 8 applicants earned the minimum of 3 votes in favour out of the 5 members of the..
Toll system cameras are now synchronized with the Interior Ministry system. This means that drivers driving in the emergency lane will be monitored and penalized, said Interior Minister Daniel Mitov . “All drivers should know that after the..
Bulgarian students won four medals at the International Chemistry Olympiad (IChO). They earned one gold, one silver and two bronze medals at the..
From 1 January 2026, Bulgaria will join the Eurozone , and the lev and stotinki will become a thing of the past. While the new currency will have a..
Two helicopters from the Bulgarian Air Force are participating today in the firefighting operations in the Rila Monastery area . A Mi-17 helicopter with a..
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