The stress tests of the Bulgarian banking system have suggested the need of corrections of 1.3 percent of bank assets. This amounts to the total of 665 million leva (close to 333 million euro). The Bulgarian National Bank (BNB) has said that the banks that have to carry out supervision measures have already submitted their plans. The stress tests of the system have been conducted under both a basic and adverse scenarios. The need to make corrections has been found at First Investment Bank, Piraeus, Investbank and Victoria Commercial Bank. The evaluation of the quality of assets and stress tests have suggested that the banking system is stable and extremely resistant.
Bulgaria’s Premier Rosen Zhelyazkov convened an emergency meeting at the Council of Ministers on Saturday dedicated to the issue of food prices. On February 13, some Bulgarians participated in a boycott of food retail chains. Measures for..
Bulgaria's Minister of Foreign Affairs, Georg Georgiev, participated in a working breakfast dedicated to addressing illegal migration and its consequences. The forum was part of Georg Georgiev’s program during the Munich Security Conference,..
The National Customs Agency seized 100 leopard geckos and 243 tarantulas as part of Operation Thunder 2024, coordinated by Interpol and the World Customs Organization. The operation took place from November 11, 2024, to December 6, 2024, with..
If Bulgaria meets the eurozone criteria, there is nothing to stop it adopting the euro on 1 January 2026. This is what Brussels sources told BNR..
In line with the example set by Croatia, followed by Greece, Romania, Slovenia, North Macedonia, Montenegro, and Bosnia and Herzegovina , four..
The Commission on Protection of Competition has requested information from producers and retailers of fast-moving consumer goods to determine the..
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