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.
Bulgarian Prime Minister Rosen Zhelyazkov has appealed to the National Assembly through the media not to allow consideration of the proposal for a referendum on the euro, which he claims is unconstitutional. His appeal is in connection with President..
As part of the national campaign of the Ministry of Education and Science "Just Say No", Minister Krasimir Valchev explained to high school students from Stara Zagora the harm of drug use, BNT reported. The purpose of the discussion is to..
Days before the start of the prom season, the Ministry of Labor and Social Policy and the Foundation "Persons with Development Problems Assistance" are launching the charity initiative "Prom Dresses with a Cause" under the patronage of Minister of..
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..
“I hope that our MPs will fulfill their commitments not only to the eurozone, but also to democracy . It is surprising that people who call themselves..
The night will be mostly clear and calm, although scattered rain clouds may appear over south-western Bulgaria before midnight , bringing occasional..
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