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 Ministry of Education and Science and the International Bank for Reconstruction and Development (IBRD), one of the five institutions of the World Bank Group, have signed an agreement on more effective use of information resources in education...
Unused state-owned properties that only generate costs should be sold transparently through open bidding on an electronic platform, Prime Minister Rosen Zhelyazkov said. In this regard, the government has adopted the Programme for Managing State-Owned..
The political party Vazrazhdane is initiating discussions for a third vote of no confidence against the government of Prime Minister Rosen Zhelyazkov, MP Tsontcho Ganev announced. Vazrazhdane has sent invitations to two parliamentary groups – Moral,..
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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