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 caretaker government has allowed the Bulgarian military to train Ukrainian soldiers on the territory of NATO member states. The reasoning states that with this decision Bulgaria expresses its support forUkraine, upholds Euro-Atlantic values and..
After more than three hours of heated debate, the Bulgarian Parliament has banned propaganda, promotion or incitement, directly or indirectly, of ideas or views related to non-traditional sexual orientation and/or the definition of gender identity other..
It will be sunny on Thursday . There will be light and moderate easterly winds. The lowest temperatures will range from 13°C to 20°C, for Sofia 13°C. Daytime highs will range from 29°C to 37°C, for Sofia 31°C. Sunny weather is in the forecast for..
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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