Topic Service - Consulting and Accounting

Bulgarian banks have recorded a fresh and significant growth in deposits in September thanks to a slim 5% of its Bulgarian clients, as well as Greek and Romanian nationals, who rush to stash their savings here.

Benjamin Netanyahu arrives on Thursday in Bulgaria, the first visit of an Israeli prime minister to the country for the last two decades.

Three intergovernmental agreements are expected to be signed at the meeting: one for cooperation in the military industry sector, one on mutual protection of investments, and one on the stimulation of R&D in the private sector.

SOFIA, April 26 (Reuters) - Bulgaria opened a tender to sell its majority stake in state cigarette maker Bulgartabak BTHG.BB in a bid to offload state assets, the privatisation agency said on Tuesday.

The agency invited strategic and financial investors to buy tender documents by June 10. Binding offers have to be filed by the end of August.

The Balkan country is offering to sell its 79.8 percent stake in the holding, which has two cigarette mills and a tobacco processing unit.

The remaining 20.2 percent are listed at the Bulgarian Stock Exchange.

Bulgaria’s economy may grow as much as 3.2 percent this year, driven by exports, EFG Eurobank Ergasias SA (EUROB) said, raising its estimate after the government revised fourth-quarter gross domestic product figures higher.

Exports, which account for 57.8 percent of GDP, rose 16 percent from a year ago after a preliminary estimate of a 10.7 percent gain in the fourth quarter and an 18.5 percent increase in the previous three months.