Debt Collection Agency EAD (DCA), one of the leading debt purchasers and debt collection companies in Bulgaria, appointed a new management.    Yulia Yurgakieva, the current CEO, has stepped down after three years at the helm and a total of more than 10 years service in the management, during which time she has been instrumental in...

Europe’s corporate sector plans to cut costs despite growing optimism in the economy, and late payments continue to take a toll on companies. This shows the new European Payment Report (EPR), which summarizes the results of a survey among over 9 000 small, medium and large companies in 25 countries in Europe. Bulgaria is also...

Non-performing bank loans in Bulgaria increased in the first quarter of the year, according to BNB data. In contrast to previous quarters, the growth of lending failed to compensate for the increase in NPL – the share of overdue loans grew and for the second consecutive quarter was over 2% of the total portfolio. Consumer...

Euro area banks slightly tightened business lending conditions in the first quarter of the year, while demand for loans in the corporate sector shrank significantly against the backdrop of expectations to the contrary, shows a regular survey of the European Central Bank (ECB). The survey notes a significant drop in the demand for corporate loans...