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.
The National Assembly has ratified a Memorandum of Understanding between the Ministry of Defense of the Republic of Bulgaria and the Ministry of National Defense of Romania for the establishment of a Regional Special Operations Component Command..
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 visit to Bulgaria, the press office of the presidency announced. During the conversation, aspects..
The National Assembly has ratified an international contract for the acquisition of ammunition for Stryker machines, reports BTA. The contract from the US government, worth a total of $64,880,655 excluding VAT, was approved by 125 votes to 51 against...
Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 167 MP from GERB-SDS, the..
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..
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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