The European Central Bank has chosen to check six of Bulgaria’s biggest banks as part of the procedure for this country’s accession to the European Banking Union and the ERM II Mechanism (Eurozone’s waiting room). According to publications in Mediapool and Capital, the three biggest banks in Bulgaria-UniCredit Bulbank, DSK and UBB, as well as First Investment Bank will be subject to stress tests. The banks have to go under the asset quality review under the so-called Comprehensive Assessment of the Bulgarian Banking System. Bulgaria aims at joining the Banking Union and the Eurozone Waiting Room by July 2019.
Russia must release the Ukrainian sailors who were the detained at the Kerch Strait, Bulgaria’s Premier Boyko Borissov said within the frameworks of the European Council in Brussels. This act will help a lot to resolve the crisis between Russia and..
From the point of view of the United States, energy diversification in Bulgaria is very important, in order to increase national security and not depend on a single source. This is what United States Deputy Secretary of State John Sullivan said in..
From December 15 to 17, Bulgarian President Rumen Radev will be on an official visit to the Hashemite Kingdom of Jordan at the invitation of Abdullah II bin Al-Hussein. In the royal palace in the capital city of Amman, Bulgarian President..