Bulgaria’s Development Bank will finance up to 70% of the capital increase of First Investment Bank, the Bulgarian cabinet decided. The acquisition of shares in FiBank is extremely important for Bulgaria on its path to the Eurozone, Premier Borissov explained. The capital shortfall in FiBank was seen during a stress test of the European Central Bank when Sofia applied to join the Eurozone waiting room (ERM 2). Later, Fibank will buy off its shares from the state and pay interest for the credit, Premier Borissov contends. The aim of the operation is to help Bulgaria join ERM 2 by July this year, Boyko Borissov said further.
On Friday, the lowest temperatures will range between 12°C and 17°C, for Sofia 12°C. There will be significant cloudiness during the day. Rain is expected in Western Bulgaria in the afternoon hours, spreading to the rest of the country overnight into..
After the threat of protests by the farmers, this morning a payment was made to the farmers through the Agriculture State Fund under the so-called Ukrainian aid, with BGN 200 million allocated . The remaining BGN 130 million will be provided by the end..
European Commissioner for Home Affairs Ylva Johansson expressed hope that Bulgaria and Romania would be admitted to Schengen by land by the end of her term of office. "The two decisions that I hope to see before handing over the mandate to the next..
Bulgarian singer, musician and composer Kiril Marichkov has passed away. The rock musician has died in an accident in the village of Selanovtsi,..
Hungary’s Interior Minister Sándor Pintér stated that abolishing checks at Bulgaria and Romania’s land borders will be on the agenda of the meeting of..
The official trailer of the film Gundi – Legend of Love caused a veritable sensation, turning into the biggest success in the history of Bulgarian..
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