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.
On Wednesday, minimum temperatures will range from 18 to 23°C , in Sofia – 18°. It will be a sunny and hot day, with a yellow heat warning in place for western and central Bulgaria. There will be a light to moderate easterly wind. Maximum..
The number of companies requesting licenses for weapons-related activities from the Commission for Export Control and Non-Proliferation of Weapons of Mass Destruction has been rising. This is indicated in the report of the commission..
Security services in Bulgaria are conducting searches and seizures at homes and offices in Sofia and other parts of the country. The operations are being carried out at the request of Ukraine’s National Anti-Corruption Bureau, as part of an..
The Holy Trinity Bulgarian Orthodox Church in Madison, Illinois, is hosting the Sixth Annual Bulgarian Festival and invites the local Bulgarian community..
President Rumen Radev has returned amendments to the State Property Act to Parliament for further discussion, the President’s press office announced. The..
Bulgarian citizens with criminal charges will be deported from the UK without the right to appeal the decision before expulsion . Bulgaria is among 15..
Clear