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.
The social spending in the state budget for next year is expected to be increased by BGN 620 million , Caretaker Minister of Labour and Social Policy Ivaylo Ivanov told BNR. Thus, the total amount for them will amount to about BGN 3.6 billion (EUR 1.8..
More and more branch organizations in agriculture are announcing their readiness to protest because of unpaid funds under the so-called Ukrainian aid intended to compensate for economic losses due to the war in Ukraine . The members of the Chamber of..
The Central Election Commission is receiving many more complaints than in previous elections from representatives of a parliamentary party with two chairpersons, the spokeswoman of the institution Rositsa Mateva told BNR. The two wings of the formation..
In December this year the Ministry of Finance will have covered the last of the criteria for accession to the Eurozone – inflation, said caretaker..
On Saturday, the lowest temperatures will be between 14 and 19°C; in Sofia - about 16°C. In the western regions, the highest..
30 buildings across the country will be illuminated in green tonight to mark European Donation Day – the European Day for Organ, Tissue and Cell..
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