Bulgaria’s Development Bank will finance up to 70% of the capital increase of First Investment Bank, the Bulgarian cabinet decided. The acquisition of shares in FiBank is extremely important for Bulgaria on its path to the Eurozone, Premier Borissov explained. The capital shortfall in FiBank was seen during a stress test of the European Central Bank when Sofia applied to join the Eurozone waiting room (ERM 2). Later, Fibank will buy off its shares from the state and pay interest for the credit, Premier Borissov contends. The aim of the operation is to help Bulgaria join ERM 2 by July this year, Boyko Borissov said further.
Interior Minister Daniel Mitov told Parliament that 37 cases of harassment and aggression committed by youth gangs have been reported in Sofia since the start of the year, with 33 of the perpetrators already identified and detained. Government to..
To coincide with the start of the new school year on 15 September, Bulgaria’s prosecutor’s office and Ministry of the Interior have launched a nationwide operation targeting drug trafficking near schools , shopping centres, nightclubs and other places..
A new bridge over the Danube River between Bulgaria and Romania is needed in Silistra, Deputy Prime Minister and Minister of Transport Grozdan Karadzhov said during a visit to the town. “In addition to the second bridge in Ruse, there should be two..
The entire Europe Motorway will be open for traffic o n Sunday (September 14) , Bulgaria’s Minister of Regional Development and Public Works Ivan..
On Thursday, temperatures will be between 16 and 19°C , with 16°C in Sofia. During the day, a cold atmospheric front passing from west to east will bring..
Joining the eurozone will provide Bulgaria with stability as part of the common currency area, said Christine Lagarde, President of the European Central..
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