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.
Bulgaria is the EU member state most affected by forest fires since the beginning of 2024, the Representation of the European Commission in Sofia said on Facebook. According to the European Forest Fire Information System (EFFIS), over 38 000..
There is a high probability that this would be the last regular meeting of the Council of Ministers, caretaker Prime Minister Dimitar Glavchev said at the beginning of the meeting. He wished to report on the activities of the..
Former Bulgarian European Commissioner Mariya Gabriel could become the new NATO Deputy Secretary General. The information about the candidacy has been confirmed by Sofia and Brussels, BGNES reported. According to Bulgarian media,..
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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