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.
Since 2007, when Bulgaria joined the EU, real incomes in the country have more than tripled. Purchasing power has increased by 20%. This is according to the Ministry of Finance. In 2006, the interest rate on mortgage loans in the country was 8%, now..
The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government press service has announced. State universities announce protest readiness The..
“Our cabinet has a short time horizon, we have no right to ask people to postpone their lives until a regular cabinet is elected. That is why we are doing our job in the best way possible,” says caretaker Prime Minister Dimitar Glavchev in an..
Caretaker Minister of Education Galin Tsokov has assured that the nearly 20 million euros earmarked in the budget for higher education..
Caretaker minister of tourism, Evtim Miloshev, predicts that the number of tourists in this country will grow by at least 10% during..
There will be no significant rise in the price of electricity for household users, said caretaker Energy Minister Vladimir Malinov. Kozloduy..
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