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.
On the day of the third boycott of large retail chains their turnover increased by over 1 million euros, according to data from the National Revenue Agency. A day earlier, traders reported revenue of over 12,7 million euros, while on..
Acting Prosecutor General Borislav Sarafov requested lifting the immunities of MPs Bozhidar Bozhanov and Kiril Petkov from “We Continue the Change – Democratic Bulgaria”. A day earlier, he took the same action against four MPs from..
Five centres for educational, social and health services are being established in small towns as part of the programme "Promoting Justice: Health and Inclusive Education for All - ZOV 2", funded by the Bulgarian-Swiss Cooperation Programme. The..
The effects of the protests against supermarkets are being felt, Agriculture Minister Georgi Tahov said in Plovdiv, where he was attending a national..
In 2022, 14.7% of workers in the EU were low-wage earners . By definition, low-wage earners are those who earn two-thirds or less of the average gross..
A serious restrictive and even repressive attitude among Bulgarian society on the current issues of school education and upbringing is shown by an..
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