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 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 national referendum on the euro was causing confusion in the European institutions. President..
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 11. The event is part of the official calendar of the World Cube Association (WCA) and is..
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..
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..
On Monday before noon, sunny weather will prevail . In the afternoon, it will mainly rain in the southern half of the country. Minimum..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain