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 Tuesday, the lowest temperatures will range from 17°C to 24°C, in Sofia 17°C. It will be sunny during the day, with temporary increases in cloudiness over the mountainous regions in the afternoon . The maximum temperatures will be between 37°C..
During a one-day official visit to London at the invitation of the British side, Bulgaria’s Foreign Minister Georgi Georgiev held a bilateral working meeting with the UK’s Foreign Secretary, David Lammy . The two ministers discussed the progress of, and..
A group of citizens gathered outside the Commission for Anti-Corruption (CAC)'s building to demand the resignation of Anton Slavchev , the commission's acting chair, and the body's complete abolition. The protest was organised by the civil movement Boec,..
During operation “Orient Express”, customs officers at the Kapitan Andreevo border crossing seized a record amount of 205.9 kg of..
In meetings with executives from Meta, Clean Energy Buyers Association (CEBA) and IP3 Corporation, Bulgarian Minister of Energy, Zhecho..
Two children, aged five and seven, ran away from their preschool in Sofia, prompting police involvement. The authorities were notified approximately one..
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