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.
There are some foreign employees from EU Member States working in hotels on the northern Black Sea coast, Dimitar Dimitrov, chairman of the structure of the Bulgarian Hotel and Restaurant Association in Dobrich, told BTA. Most..
The ruling coalition is preparing electricity price hike despite assurances that there would be no change for consumers, “We Continue the Change” (PP) say, BTA reports. The document highlights the assurances of the ruling..
The 75 elderly people found locked in facilities in the village of Yagoda near Stara Zagora have been placed in services with appropriate care for their condition and twenty people are already with their families thanks to the joint..
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose..
"I have sent letters to all presidents and prime ministers of EU member states, in which I describe the real situation in our country — inflation, the..
The Bulgarian National Radio Symphony Orchestra undertook effective protest action, as shown in videos of their June 6 concert at Bulgaria Hall, which..
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