Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Due to ERM-2, the Bulgarian state acquires 26% of a private bank

Photo: EPA/BGNES

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2. 
Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was done. The procedure will be coordinated with the European Commission, because it is a form of state aid. The auctions took place yesterday. 
I will have a conversation with Commissioner Margrethe Vestager to make sure that absolutely everything is fine with the Banking Union, said Prime Minister Boyko Borissov. He clarified that the Bulgarian government will support Fibank in order to remove the last obstacle for Bulgaria's accession to ERM-2.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The Troyan Monastery donates holy relics to the St. Paraskeva Petka Church in Troyan

The Troyan Monastery "Dormition of the Mother of God" will donate relics of the patron saints of the town—St. Paraskeva-Petka and St. Panteleimon the Great Martyr—to the St. Paraskeva Petka Church in Troyan, Archimandrite Stefan, deputy abbot of the..

published on 6/13/25 5:10 AM

Friday 13 will be sunny with isolated showers over the Northeast

On Friday minimum temperatures will range between 14° C., and 18° C., for Sofia 15° C. Tomorrow will be predominantly sunny with a more significant accumulation of clouds in the afternoon over Eastern Bulgaria where there will be occasional rain..

published on 6/12/25 6:15 PM
Momchil Doychev (L)

Atlantic Council: Russia’s hybrid war against Bulgaria is intensifying

“We are witnessing an intensification of the Russian hybrid war against Bulgaria,” Assoc. Prof. Momchil Doychev, co-chairman of the Atlantic Council in Bulgaria said at a press conference, the Bulgarian news agency BTA reports. “This war is..

published on 6/12/25 3:32 PM