The European Central Bank (ECB) and the Bulgarian National Bank (BNB) set up a swap line for EUR 2 billion.
Under the agreement the Bulgarian National Bank will be able to borrow up to EUR 2 billion from the ECB in exchange for Bulgarian Leva, the maximum maturity for each drawing being three months. The line will be activated when the need arises and is set up as an additional precaution because of the Covid-19 crisis.
The setting up of a swap line between the ECB and the BNB to ensure euro liquidity was welcomed in a telephone conversation by Prime Minister Boyko Borissov and the President of the European Central Bank Christine Lagarde.
Under the EU Civil Protection Mechanism, Spain has said it will send two aircraft, each with a capacity of around 6 tonnes, to help fight the wildfires in Bulgaria. It is likely that the flying machines will be able to join the extinguishing efforts as..
Bulgaria is actively working with Greece and Romania to secure EU funding for infrastructure projects to be used for both military and civilian purposes. This is what Bulgaria's Defence Minister Atanas Zapryanov explained to the MPs in Parliament..
Sofia Airport has not been affected by the global IT outage , which has hampered companies from all over the world, the press centre of Sofia Airport told BTA. There might be cancelled or delayed flights because of other affected airports or..
A total of 60 officers from the Bezmer and Kabile units are on the ground with equipment for firefighting, Bulgaria's Defence Minister Atanas Zapryanov..
A state of emergency remains in force in seven villages in the border municipality of Bolyarovo. The fight against the fire at the village of Voden..
A fire has started in Greece a kilometre and a half from the Bulgarian border and is slowly moving towards it. The fire is located in an extremely..
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