SOFIA, June 30 (Reuters) – Dozens of depositors withdrew
savings from Bulgaria’s third biggest bank on Monday despite
assurances from the government and the European Union that their
money was safe after a similar run shut down another major
lender last week.
Bulgarian authorities have arrested four people suspected of
trying to destabilise the banking system in a concerted phone
and Internet campaign during a crisis that has thrown a
spotlight on weak economic governance in the EU’s poorest state.
SOFIA, June 30 (Reuters) – Bulgaria’s leaders have appealed
to citizens not to panic and withdraw their savings when banks
reopen on Monday, following runs on two major lenders that have
raised concerns for the Balkan country’s financial stability.
The runs on Corporate Commercial Bank (Corpbank)
and First Investment Bank, Bulgaria’s fourth and third
largest lenders respectively, pose the biggest challenge for the
European Union’s poorest member state in nearly two decades.
SOFIA, June 29 (Reuters) – Bulgaria’s president reassured
citizens on Sunday that their savings were safe and fully
guaranteed by the state, in a message backed by the central bank
and main political parties following a run on two major banks.
The bank runs have stoked fears for the financial stability
of the European Union’s poorest member state and authorities are
keen to show Bulgarians they are fully in control of the
situation before banks reopen on Monday.
SOFIA, June 28 (Reuters) – Bulgarian authorities said on
Saturday they had detained two men suspected of involvement in
what they have described as an organised attempt to destabilise
the country’s financial system by encouraging citizens to
withdraw bank deposits.
The national security agency said authorities had detained
one man in the capital Sofia and a second in the Danube city of
Ruse on suspicion of spreading false information about Bulgarian
SOFIA, June 27 (Reuters) – Bulgaria’s central bank said on
Friday there was a systematic attempt to destabilise the country
through attacks on the banking system and vowed to protect
Depositors queued in the capital Sofia to withdraw funds
from one of the country’s biggest banks and its shares slumped,
worsening a crisis that has shone a light on weak economic
governance in the poorest European Union state.
KIEV (Reuters) – Winning the election was the easy part. Now the real work starts for Petro Poroshenko, and few Ukrainians have any illusions about the scale of the challenge facing their new president.
The burly billionaire businessman who built a vast fortune selling cakes and sweets has inherited a bitter legacy – a wrecked economy, rampant corruption, armed rebellion in eastern Ukraine and hostility from giant neighbor Russia.
KIEV (Reuters) – Ukraine’s newly elected president, Petro Poroshenko, wants to sign a landmark trade deal with the European Union soon after his inauguration as head of state, his office said on Wednesday, after EU officials suggested there might be some delay.
The proposed trade agreement with the EU has been at the heart of Ukraine’s political crisis over the past six months since former Moscow-backed president Viktor Yanukovich turned his back on the accord at the last minute.
KIEV (Reuters) – Vitaly Klitschko, a former world heavyweight boxing champion, has claimed victory in an election to become mayor of Kiev, clinching a major role in Ukraine’s emerging new political order after Sunday’s presidential election.
Klitschko is a close ally of Ukraine’s new president, Petro Poroshenko, whom he backed for the top job after quitting the contest himself. Their alliance has been on display in the past 24 hours when Klitschko, who is some two meters (6 feet eight) tall, stood beside Poroshenko at two news conferences.
KIEV/DONETSK, Ukraine, May 25 (Reuters) – Billionaire Petro
Poroshenko claimed Ukraine’s presidency on Sunday after exit
polls gave him an absolute majority in a first round of voting
and, vowing to end a conflict with pro-Russian rebels, he
pledged to align his country with Europe.
Exit polls gave Poroshenko, a confectionery magnate with
long experience in government, more than 55 percent of the vote,
well ahead of former prime minister Yulia Tymoshenko in second
place with just over 12 percent. If confirmed by results on
Monday, there will be no need for a runoff vote on June 15.
KIEV/MARIUPOL, Ukraine (Reuters) – Ukrainians were set to give a resounding endorsement to the overthrow of their last elected leader by voting on Sunday for presidential candidates promising close ties with the West in defiance of Russia’s Vladimir Putin.
But the absence of over 15 percent of the electorate, in Russian-annexed Crimea and two eastern regions where fighting with pro-Moscow rebels continued on Saturday, may mar any result – and leave the Kremlin questioning the victor’s legitimacy, for all President Putin’s new pledge to respect the people’s will.