Bulgaria

A delegation representing the European Bank for Reconstruction and Development (EBRD) led by Matteo Patrone, the Bank’s Regional Director for Romania and Bulgaria, visited the western Bulgarian city of Pernik for meetings with the regional administration and the local business community

First Investment aim for growth after completion of deal

Postbank expert analyses national market

UniCredit Factoring Bulgaria expects the share of domestic non-recourse factoring clients to reach 34pc by the end of the year.

UniCredit Factoring Bulgaria expects the share of domestic recourse factoring clients to reach 34pc by the end of the year.

The National Guarantee Fund (NGF), part of the Bulgarian Development Bank (BDB), has launched a new warranty programme in which it will cover half of the risk of loans granted by commercial banks to small and medium enterprises.

Postbank has merged its corporate and factoring units. The restructuring was completed on 1 August 2013, and Factors S.A. - Bulgaria became a part of Eurobank EFG Bulgaria (Postbank).

Bulgarian-based Postbank has reported a 55 per cent increase in its factoring business year-on-year.

Seeking to expand its support for local SMEs in Bulgaria, the European Bank for Reconstruction and Development (EBRD) has signed a EUR5.5 million loan with Billboard AD, a local provider of printing and outdoor advertising solutions.

Vladimir Vachkov, Factoring Manager Corporate Banking Division Postbank Bulgaria provides a review of the Bulgarian factoring market , covering industry environment, market performance, supply and future trends.