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.
Over the next 24 hours the weather will continue cloudy, with rain mostly in the Southwestern half of the country and sleet in high plains. The precipitation over Mounts Rila and the Rhodopes will be considerable. There will be a moderate, in..
The Bulgarian Food Bank’s Kilogram of Kindness food drive, is collecting food for the needy for the 12th consecutive time. Four to seven tons of food with a longer shelf lifeis expected to be collected – such as rice, lentils,..
A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common currency, the euro, both in the EU as a whole (74%) and in the euro area (81%). In Bulgaria,..
The average gross annual salary in Bulgaria in 2023 is 24,485 BGN (EUR 12,519) which is an increase of 15.3% compared to 2022, according to data from..
The Democrats for a Strong Bulgaria (DSB) are to nominate the party’s leader Atanas Atanasov for president of the 51 st National Assembly...
During the night it will be cloudy with rainfalls in the western and central regions of Bulgaria, as snowfalls are possible in the..
Scattered showers
Cloudy
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Snow