Tue, May 22 2012

Nine banks in Bulgaria reduced deposit interest rates – report

Tue, Feb 14 2012 08:11 CET

byThe Sofia Echo staff

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Nine banks in Bulgaria reduced deposit interest rates – report

Photo: Julia Lazarova

Nine banks in Bulgaria reduced deposit interest rates in January 2012, according to Moite Pari, quoted by local news agency Focus.
 
According to the report, Allianz Bank stopped offering advantageous interest rates for its term deposits and returned to standard interest rates.
 
Piraeus also shut down lucrative term deposit offers and re-introduced standard interest rates.
 
Societe Generale Expressbank changed interest rates on some of it term deposits, reducing interest rates by 0.25 per cent on deposits denominated in local currency the lev and 0.4 per cent for deposits denominated in euro.
 
United Bulgarian Bank cut interest rates on euro-denominated deposits by 0.25 per cent.
 
Raiffeisenbank cut interest rates for its "3+3" deposit in euro by 0.5 per cent. International Asset Bank changed interest rates by almost one per cent. January saw deposit interest rate cuts by MKB Unionbank, FIB and Central Cooperative Bank.
 
There have been some changes in the housing loan market.
 
First Investment Bank, Alpha Bank and Raiffeisenbank extended their advantageous home loan offers. Emporiki Bank Bulgaria will be offering mortgage loans with three to five year fixed interest rates until the end of February. UBB clients are offered a 6.7 per cent interest rate on their "first home" euro-denominated loan, the report said.

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Appointments

Employment Agency

Employment Agency

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Beiersdorf

Beiersdorf

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Kamenitza

Kamenitza

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Hewlett-Packard

Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.

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