A hotel in Sofia goes bankrupt One of the unfinished buildings, located on one of Sofia’s main boulevards, at the corner of Todor Alexandrov Boulevard and Strandzha Street went bankrupt. The property is located next to Lukoil Bulgaria’s central office. It is at completed stage "rough construction". Initially the property has a residential status, but later its function was changed to apartment hotel with conference halls. Its gross area is 2852 square meters. Public sale will start from BGN 4, 41 million. Initially investor in the building was an Italian company, but presently the property is among assets of Vanto leasing. The tender is organized due to unpaid debts to TBI bank.
Source: Presa (17.01.2014)

National Guarantee Fund to partner with 10 banks on a business loans scheme National Guarantee Fund (NGF), a subsidiary of Bulgarian Development Bank (BDB), has signed a partnership agreement with ten commercial banks, under which the lenders will be granting business loans secured by the Fund. The maximum amount of loans up for grabs under the scheme is BGN 360 million. The ten banks are BACB, Investbank, UBB, Fibank, Piraeus Bank, Cibank, TBI Bank, Tokuda Bank, UniCredit Bulbank and Eurobank. Guarantees issued by NGF are free of charge for companies and will help them negotiate better borrowing terms. NGF will take the risk on its guarantees and will accept as collateral assets that its partnering banks would accept, NGF’s executive director Samuil Shiderov explained.
Source: Standart (26.03.2014)

Bailiff announced a tender for the sale of the restaurant "Ropotamo" near Blvd. "Tcarigradsko road" in Sofia. The starting price is 963 600 lev sale building on three levels with 1681 sq. Meters gross floor area, which includes restaurant, kitchen and administrative building. Subject of the transaction are 26.7% of the terrain with a total area of ??4887 square meters auction is for non-performing debt of the company owner "International Capital Group" at TBI Bank. The property is set for 1.75 million. Euros credit in 2005 There is a second mortgage - to cover 3 million. Euros loan from "BMT Private Equity."
Source: Presa (07.08.2014)