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 Wednesday morning, visibility will be reduced in some places in the valleys, plains and along the Black Sea coast. Minimum temperatures will range between minus 3 and 2°C, around minus 2°C in Sofia. During the day it will be sunny with highs between..
For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a result of 3.999% (Velichie), 21 votes short of the electoral threshold, reads a position by the..
The Central Election Commission (CEC) is sending the prosecutor the video recordings of the ballot count in 7 polling stations where there is a discrepancy in the number of votes counted. The prosecutors will have to check whether there is..
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov..
A protest organized by nationalist organizations in front of the Ivan Vazov National Theatre last night against the premiere of Bernard Shaw’s play..
The protest in front of the National theatre was pre-announced and more than 60 law enforcement officers were dispatched to secure the theatre building,..
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