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.
The Chair of the NATO Military Committee, Admiral Giuseppe Cavo Dragone, arrived in Bulgaria at the invitation of the country's Chief of Defence, Admiral Emil Efimov, the Ministry of Defence announced. On 15 July, at the Novo Selo training ground,..
Overnight, cloudiness will increase in the western parts of Bulgaria, while in the rest of the country it will remain mostly clear. On Tuesday, more significant cloud cover is expected over Western and Central Bulgaria. In the afternoon, cloud cover..
Bulgaria’s candidate for judge at the Court of Justice of the European Union , Associate Professor Alexander Kornezov, has been approved , lex.bg reports. In line with the Treaty of Lisbon, a panel of seven jurists recognised for their expertise..
Demonstrations in support of Varna Mayor Blagomir Kotsev are set to intensify on Tuesday evening, expanding beyond Bulgaria to four major European cities...
“Entering the Eurozone does not present any risk to Bulgaria. Adopting the Euro can only serve as a powerful accelerator for our economic growth,”..
The REXDAN ship, which is conducting a large-scale study of the configuration and dynamics of the Danube River - from the Black Sea to Vienna , has..
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