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.
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 to hold a national referendum. The question in it is "Do you agree that Bulgaria should..
On Saturday, minimum temperatures in Bulgaria will be from 8 to 13°C, in Sofia - around 9°C . During the day it will be cloudy with temporary breaks in the clouds over the western regions. In the southern and eastern parts of the country it..
Librarians, backed by trade unions, have staged a protest in front of Sofia Library, demanding higher salaries. According to a recent decision by the Council of Ministers, those working in the field of information and bibliographic services will..
The European Commission has stated that the decision to hold a referendum on the adoption of the euro lies within the competence of Bulgaria’s national..
The 20th International Conference of the Bulgarian Association of Surgeons, Gastroenterologists and Oncologists (BASGO) brought together leading..
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..
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