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.
Speaking to the Bulgarian National Radio, the ambassadors of Germany and France to Bulgaria Irene Plank and Joël Meyer commented on the current situation in Europe and the upcoming negotiations on Ukraine. "This is an informal..
The Bulgarian Ministry of Tourism will work to create a map of important, but hard-to-reach tourist and cultural-historical sites. The goal is then to insist on financing the necessary repairs and improvements that will facilitate visitors' access to..
The cities of Sofia, Rotterdam and Cascais will compete for the title of "European Capital of Democracy" in 2026 . The selection will take place until March 12, 2025, by over 4,500 juries in 47 countries. Barcelona was the winner of the title in..
Kristiyan Vladov and Stefan Kyurkchiev of the Plovdiv Museum of Natural History are working on a project to bring live fish from the southern Arctic..
Bulgaria’s Premier Rosen Zhelyazkov convened an emergency meeting at the Council of Ministers on Saturday dedicated to the issue of food prices...
Expanding connectivity between Bulgaria and Turkiye is an investment in the development of the entire region, President Rumen Radev said at a meeting..
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