As of October 1, 2020, the Bulgarian National Bank (BNB) is cooperating with the European Central Bank. The accession of Bulgaria to the Banking Union has lead to the direct supervision by ECB of 5 commercial banks registered in Bulgaria- DSK, United Bulgarian Bank, Eurobank, Unicredit and Raiffeisen Bank. Although, they are subsidiaries of European banking families, they are monitored in Bulgaria as well. It is the responsibility of BNB to supervise the smaller banks in this country, although Frankfurt can take over their supervision as well.
First Investment Bank is not being supervised by ECB. Before Bulgaria’s accession to ERM II, the bank raised its capital with the help of the Bulgarian Development Bank and a private investor.
At the end of July, Turkiye sent a diplomatic cable to Bulgaria requesting additional water quantities from the Maritsa River. There is no regulated runoff on the river. The situation in Bulgaria is also extremely worrying due to climate changes and..
The weather on Friday will be sunny . Cloudy skies are expected in the northwestern half of the country. Mostly in the mountains of western and central Bulgaria, it will rain. Minimum temperatures will be between 14 and 21°C, in Sofia - 15°C...
At the beginning of the political consultations for the appointment of a caretaker prime minister and cabinet, the head of state indicated that the election campaign has practically started. According to Rumen Radev, the 50th National..
Bulgarian head of state Rumen Radev has met in the presidency with David Wright - commissioner of the US Nuclear Regulation Commission, who is on a..
Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 167 MP from GERB-SDS, the..
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general..
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