Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Due to ERM-2, the Bulgarian state acquires 26% of a private bank

Photo: EPA/BGNES

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2. 
Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was done. The procedure will be coordinated with the European Commission, because it is a form of state aid. The auctions took place yesterday. 
I will have a conversation with Commissioner Margrethe Vestager to make sure that absolutely everything is fine with the Banking Union, said Prime Minister Boyko Borissov. He clarified that the Bulgarian government will support Fibank in order to remove the last obstacle for Bulgaria's accession to ERM-2.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

UPDATED Freight trains collide head-on near Sofia, two people are killed

Two people were killed and five were injured in a head-on collision between two freight trains near Sofia, BNT reported.  The trains collided near the village of Lokorsko, between the villages of Kremikovtzi and Svetovrachene. One of the freight..

published on 1/15/25 5:39 PM

Weather forecast: Cold Thursday morning with daytime highs around and below 0°C

On Thursday morning, visibility will be reduced in some areas in the valleys and around the water bodies. After noon, the cloud cover will break up and decrease. It will be mostly sunny over Eastern Bulgaria. The lowest temperatures will range from..

published on 1/15/25 5:20 PM

The parliamentary majority agreement and what's in it

GERB-SDS, BSP – United Left and "There Is Such A People have signed an agreement outlining the main priorities for the future government, said the press center of GERB-SDS. The parliamentary group of Democracy, Rights and Freedoms – DPS affiliated..

published on 1/15/25 4:59 PM