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.
Roma families from Sofia's "Zaharna Fabrika" residential district, who were left homeless after their illegally built homes were demolished on April 15 this year, are launching a five-day protest. The demonstration is set to begin in the afternoon on..
A second flood in two weeks in Northwestern Bulgaria has caused damage in the villages of Lehchevo and Kobilyak. The rainfall, accompanied by large hail, reached 35 liters per square meter in just ten minutes, Lehchevo Mayor Alexander Alexandrov told..
The exhibition “The Beauty of the Orthodox Spirit: Rare Old-Printed Books and Engravings from the Library of the Rila Monastery (16th–19th Century)” will officially open today at the Sts. Cyril and Methodius National Library, announced the Bulgarian..
In an address to the Bulgarian citizens, the Bulgarian head of state Rumen Radev has announced that he is submitting a proposal to the National Assembly..
In a statement posted on the Facebook page of the Council of Ministers, Prime Minister Rosen Zhelyazkov said that President Rumen Radev's proposal for a..
The installation of anti-drone systems at airports in Bulgaria will begin in the coming months. During today's parliamentary control meeting in the..
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