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.
Delyan Peevski has alerted the Commission on Protection of Competition (CPC) about a possible fuel cartel involving Lukoil, the press office of the Movement for Rights and Freedoms- New Beginning said. Delyan Peevski asked CPC to conduct a..
Poetess, writer and publisher Bozhana Apostolova passed away at the age of 80 at her home in Plovdiv, her son, MP Manol Peykov, announced. Bozhana Apostolova was a publisher, poet, prose writer and recipient of Bulgaria’s highest state..
Supporters of keeping the Bulgarian lev after 2026 and the Ministry of Interior disagree on the number of people who took to the streets of Bulgarian cities on May 31. The organizers of the protest, which took place in Sofia and in more than..
The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria..
Pope Leo XIV appeared last night in the Vatican Gardens wearing an omophorion gifted to him by Bulgarian Prime Minister Rosen Zhelyazkov , the Catholic..
Nearly one in three children in Bulgaria lives in material deprivation, according to data from the National Statistical Institute for last year, reported..
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