United Bulgarian Bank and KBC Bank Bulgaria have officially merged, after the merger was entered into the Commercial Register of Bulgaria. This operation took place with the permission of the European Central Bank and the Bulgarian National Bank.
In the summer of 2022, the Belgian KBC Groep acquired the business of Raiffeisen Bank International for the sum of over EUR 1 billion, and the bank was temporarily renamed KBC Bank Bulgaria. According to the Bulgarian National Bank, the new banking group UBB is now the leading bank in the country in terms of assets and a 19.3% market share. Along with its subsidiary companies operating in the field of insurance, leasing, pension insurance, asset management and factoring, it caters to more than 2.4 million clients in the country.
A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news that he was launching his own cryptocurrency, called $TRUMP. A precedent that provoked many questions..
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of..
Mostly Cloudy
Cloudy
Partly Cloudy
Cloudy