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

Sofia Pride 2025 takes place in Bulgaria's capital

Thousands of people took part at Sofia Pride 2025, which began this afternoon at Knyaz Alexander I Square in the capital city. The campaign, organized for the 18th consecutive year, aims to promote equality and social integration for LGBTI+ people...

published on 6/14/25 5:35 PM

Iliana Iotova at the Asian Festival: We want a hand extended in friendship, not war

Sofia’s South Park II hosts the fifth edition of the Asian Festival  dubbed “United in Diversity”. The event attracts a large Bulgarian and international audience and becomes a true celebration of Asian cultures. The festival is organized by the..

published on 6/14/25 4:46 PM
Premier Rosen Zhelyazkov

Premier Zhelyazkov: We need the transformative potential of our compatriots abroad

''Bulgaria needs young people who have gone abroad, received a good education and become accustomed to the discipline of modern life in Europe and around the world to return and bring their skills back home. This will transform the business..

published on 6/14/25 2:22 PM