As of October 1, 2020, the Bulgarian National Bank (BNB) is cooperating with the European Central Bank. The accession of Bulgaria to the Banking Union has lead to the direct supervision by ECB of 5 commercial banks registered in Bulgaria- DSK, United Bulgarian Bank, Eurobank, Unicredit and Raiffeisen Bank. Although, they are subsidiaries of European banking families, they are monitored in Bulgaria as well. It is the responsibility of BNB to supervise the smaller banks in this country, although Frankfurt can take over their supervision as well.
First Investment Bank is not being supervised by ECB. Before Bulgaria’s accession to ERM II, the bank raised its capital with the help of the Bulgarian Development Bank and a private investor.
On Friday before noon, the cloudiness will temporarily decrease, but in the afternoon there will be clouds again. In many places in the western part of the country, there will be short-term precipitation and thunderstorms. The..
Negotiations for a vote of no confidence in Rosen Zhelyazkov's government will begin after July 9, when Bulgaria's adoption of the euro becomes irreversible. "We Continue the Change" (PP) announced this at a National Assembly briefing, according to BTA...
Sixteen people were arrested for trafficking illegal migrants, the Interior Ministry said. This operation was carried out by Bulgarian authorities on June 3. It took place in six districts of the country: Sofia, Burgas, Kardzhali, Stara Zagora, Haskovo..
As expected, the European Commission's convergence report on Bulgaria, published today, confirms that the country is ready to adopt the euro on 1 January..
The vote in the European Parliament’s Foreign Affairs Committee on the annual report regarding North Macedonia's progress towards EU membership was..
''Today, the European Commission and the European Central Bank categorically stated that Bulgaria meets the criteria for eurozone membership. This..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain