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.
The Bulgarian Industrial Capital Association and the Bulgarian Association of Dairy Processors have raised concerns that the prices of basic food products in Bulgaria are higher than in Austria and Germany, where the standard of living is..
The emergency renovation of Graf Ignatievo Airport will cost just over EUR 110 million excluding VAT. The repair contracts have been awarded to four companies, which the Ministry of Defense announced publicly, with their selection being an exception..
In a press release, Bulgaria’s Ministry of Foreign Affairs strongly condemned the recent statements by the Prime Minister of the Republic of North Macedonia Hristijan Mickoski regarding the Bulgarian minority in the country and its inclusion in the..
The Commission on Protection of Competition has requested information from producers and retailers of fast-moving consumer goods to determine the..
Kiril Petkov, co-chairman of We Continue the Change (PP), is to be tried over the arrest of GERB leader Boyko Borissov on March 17 2022 . Prosecutors..
On Saturday it will be mostly cloudy with occasional sunny spells in the Upper Thracian Lowlands. In eastern Bulgaria there will be light to moderate..
Cloudy
Overcast, rain
Cloudy
Occasional showers
Partly cloudy, chance of rain