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.
On Tuesday, minimum temperatures in the country will be between 11 and 16°C, 12°C in Sofia. During the day it will be sunny. In the afternoon, clouds will move in from the west and it will rain briefly, especially in the mountains. Maximum temperatures..
Archaeologists have discovered exceptional finds during construction works for a new bus station in the Black Sea city of Sozopol. A monastery dating back to the end of the 11th century was discovered. Within its borders there was also a church from..
The European Commissioner for Agriculture Janusz Wojciechowski will be on a working visit to Bulgaria on May 21. His program includes meetings in Sofia with President Rumen Radev, with Prime Minister Dimitar Glavchev, with the Minister of..
There will be no significant rise in the price of electricity for household users, said caretaker Energy Minister Vladimir Malinov. Kozloduy..
The European Commissioner for Agriculture Janusz Wojciechowski will be on a working visit to Bulgaria on May 21. His program includes meetings in..
The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government..
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