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 European Commission has stated that the decision to hold a referendum on the adoption of the euro lies within the competence of Bulgaria’s national authorities. The response follows President Rumen Radev's announcement that he intends to propose..
At a We Continue the Change-Democratic Bulgaria (PP-DB) press conference at the BTA Press Club in Plovdiv, Ivaylo Mirchev of Democratic Bulgaria criticised President Rumen Radev's proposal for a national referendum on the euro, calling it an "extremely..
President Rumen Radev's intention to call a national referendum has drawn criticism from Parliament Speaker Nataliya Kiselova, who described the proposal as "controversial" during a briefing with journalists. Kiselova noted that while the president..
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..
A Rubik's Cube speed-solving competition will be held at the interactive science and technology center of Sofia Tech Park - TechnoMagicLand on May 10 and..
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