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.
A new Institute for the Bulgarian Diaspora and Cultural Heritage Abroad has been launched at the University of Library Studies and Information Technologies (UniBIT). The move was approved by the government at the request of the university rector...
The Civil Protection Training Centre in Montana is currently hosting an international NATO exercise with around 1,200 participants from over 40 countries and organisations worldwide. Acting US Ambassador McDowell visited the training ground and met..
The government plans to open primary healthcare clinics in small towns and provide incentives to encourage healthcare professionals to work in underpopulated areas. This is part of the government-approved National Health Strategy, which aims to..
Bulgarian MEP from the Europe of Sovereign Nations group Petar Volgin, known for his pro-Kremlin position, condemns Russian interference in Eastern..
OnTuesday, it will be mostly sunny with temporary increases in cloud cover . A weak to moderate wind will blow from the east-southeast. Maximum..
An International Monetary Fund mission will visit Bulgaria as part of its annual review of the country’s economy , the Fund said in a statement...
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