The stress tests of the Bulgarian banking system have suggested the need of corrections of 1.3 percent of bank assets. This amounts to the total of 665 million leva (close to 333 million euro). The Bulgarian National Bank (BNB) has said that the banks that have to carry out supervision measures have already submitted their plans. The stress tests of the system have been conducted under both a basic and adverse scenarios. The need to make corrections has been found at First Investment Bank, Piraeus, Investbank and Victoria Commercial Bank. The evaluation of the quality of assets and stress tests have suggested that the banking system is stable and extremely resistant.
More than a fifth of Bulgarians are poor, according to an analysis by the Institute for Market Economics. People living in deficit are increasing to 21.7% based on data on unemployment, low education, higher number of children in the household, older..
“Bulgaria has supported Ukraine since the very beginning of the war. We must all do our part to ensure that Ukraine is in the strongest possible position to achieve a just and lasting peace.” This was stated by Bulgarian Prime Minister Rosen Zhelyazkov..
The night will be mostly clear and calm, although scattered rain clouds may appear over south-western Bulgaria before midnight , bringing occasional showers. Overnight lows will range from 5°C to 10°C, around 5°C in Sofia. Sunday will start mostly..
In an address to the Bulgarian citizens, the Bulgarian head of state Rumen Radev has announced that he is submitting a proposal to the National Assembly..
In a statement posted on the Facebook page of the Council of Ministers, Prime Minister Rosen Zhelyazkov said that President Rumen Radev's proposal for a..
A Rubik's Cube speed-solving competition will be held at the interactive science and technology center of Sofia Tech Park - TechnoMagicLand on May 10 and..
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