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.
Clear and almost calm weather will prevail overnight. Friday will be mostly sunny. Visibility will be reduced in the morning hours in places in the valleys. The cloudiness will start to increase from the west and in the afternoon in..
North Macedonia’s President Gordana Siljanovska-Davkova will visit Bulgaria on September 13, BTA reported, citing information from Siljanovska's office in Skopje. During her visit to the Bulgarian capital, Gordana Siljanovska-Davkova will meet with..
The Supreme Administrative Court rejected the appeal of the coalition around Ahmed Dogan - "Democracy, Rights and Freedoms - DPS" against the CEC's refusal to register it for participation in the elections on October 27. The..
Defence Minister Atanas Zapryanov has cancelled the air show at the Graf Ignatievo Air Base after an L-39 ZA military transport plane crashed, the..
The Supreme Administrative Court rejected the appeal of the coalition around Ahmed Dogan - "Democracy, Rights and Freedoms - DPS"..
At a Bulgarian-Chinese business forum in Sofia, President Rumen Radev pointed out the advantages of the business environment in..
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