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.
Bulgaria will send a new request for a second payment under the National Recovery and Resilience Plan in July, Deputy Prime Minister and Minister of Innovation and Growth Tomislav Donchev announced during parliamentary control...
The Commission on Protection of Competition, the National Revenue Agency and the Commission for Consumer Protection are joining forces against unfair traders who may use the introduction of the euro, as well as the period leading up to January 1,..
A Bulgarian delegation led by Minister of Interior Daniel Mitov visited the Technical Investigations Office of the U.S. Drug Enforcement Administration (DEA), the Ministry of Interior announced. Daniel Mitov was introduced to the latest technological..
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..
Negotiations for a vote of no confidence in Rosen Zhelyazkov's government will begin after July 9, when Bulgaria's adoption of the euro becomes..
On Friday before noon, the cloudiness will temporarily decrease, but in the afternoon there will be clouds again. In many places in..
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