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 Energy Minister, Zhecho Stankov, announced at the opening of the International Nuclear Conference in Varna that the contract for the construction of Units 7 and 8 of the Kozloduy Nuclear Power Plant will be signed by the end of 2026, BTA reported...
It is time to go out to the Bulgarian people and hear what they want to say – the Bulgarian people say "yes" to the lev and "no" to the euro; they say they want to be asked, the chairman of the parliamentary group of "Vazrazhdane"..
Supporters of the parliamentary represented Vazrazhdane party gathered in front of the National Assembly, declaring their support for preserving the Bulgarian lev and for holding a referendum on the euro, BTA reports. With shouts..
According to data from the Ministry of Labor and Social Policy, the average salary in Bulgaria during the first quarter of 2025 amounted to 2,443 BGN..
Joining the Eurozone, which includes 20 major European economies, will have an impact for the next 10, 20, 30 years, Bulgaria’s Premier Rosen..
The balances in all bank accounts in Bulgarian levs will be automatically converted to euros from the date of the country's accession to the eurozone at..
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