Bulgarian Development Bank Reports 20% Increase In Profits

BGN 18.3 million in profit for the first six months of this year is reported by the Bulgarian Development Bank. The increase is 20% compared to the same period of the previous year and is a result of the activation of the credit activity, the institution announced.

The Bank’s portfolio grew by 7% this semester.

2018 was the strongest in the history of the banking institution, with the largest volume of attracted funds from foreign credit institutions.

The Bank finances its activities by negotiating the attraction of resources from foreign and international credit institutions as well as investment funds.

Bulgarian Development Bank currently has 13 active contracts with 8 financial institutions. Among them is the China Development Bank (CBD), which signed a record contract for 1.5 billion euro in 2018.

Read More

Maxim Behar’s Book Becomes No 1 Amazon Seller

Maxim Behar's latest book The Global PR Revolution reached No. 1 of sales on Amazon in the fields both of Public Relations and also Sales and Marketing. It happened just three days after...

Bulgarian Pilot Wins National Geographic Photography Prize

Violinist, pilot and photographer - Yasen Todorov is the latest winner of National Geographic's big prize for a photo of the year. His proposal,...

Malta’s Refugee Problem

58,000 asylum applications in the EU have been filed since the beginning of this year, the European Asylum Support Office said. Half...


Bulgarian Shoe Manufacturer Kolev & Kolev Plans IPO To Finance Expansion In Romania

Bulgarian children's shoes manufacturer Kolev & Kolev plans to carry out a 2.0 million levs ($1.1 million/1.0 million euro) initial public offering (IPO) to finance...

Gauselmann Group Buys Majority Stake In Bede Gaming

German gaming and gambling company Gauselmann Group said that it has acquired a majority stake in Bulgaria-active peer Bede Gaming for an...

#MeToo Activist Accussed Of Sexual Assault

Californian lawmaker Christina Garcia, one of the leaders of the #MeToo movement against sexual abuse, was accused of seeking male attention, write the agencies. Daniel Fiero,...