Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian National Bank issues set of measures to combat coronavirus crisis

Photo: archive

The Bulgarian National Bank (BNB) has announced a package of more than 4.6 billion euros that will be earmarked for measures to tackle the effects of the COVID-19 crisis. The aim is to preserve the resilience of the banking system and reduce the negative effects of the restrictions on citizens and businesses. The banking system's profit is capitalized by EUR 800 million. The planned increase of the capital buffers by EUR 350 million is cancelled. The liquidity of banks is increased by EUR 3.5 billion by reducing foreign exposures of commercial banks. 
The Bulgarian National Bank is monitoring the situation very closely. It is fully prepared if additional measures are needed. The Bulgarian National Bank calls on legislators and the public administration to refrain from decisions which could be damaging for the financial system.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

No reports of injured Bulgarians after the escalation of tensions in the Middle East

The Bulgarian foreign ministry is in constant contact with the Bulgarian embassies in Beirut, Tel Aviv and Tehran,  announced by the Deputy Minister of Foreign Affairs, Elena Shekerletova, at a briefing in the Council of Ministers. The..

published on 10/2/24 5:33 PM

Bulgaria to sign a security agreement with Ukraine

The Council of Ministers approved the signing of a Security Cooperation Agreement between Bulgaria and Ukraine and Bulgaria's accession to the Ukraine Compact, presented during the NATO Summit in Washington in July. The Ukraine Compact was..

published on 10/2/24 5:31 PM

Bulgarian Defense Minister: Escalation in the Middle East will increase refugee flows

A all-out war in the Middle East would be the worst case scenario, stated by the Caretaker Minister of Defense Atanas Zapryanov to journalists in the Council of Ministers. He stressed that with the escalation of tension the refugee flows will increase...

published on 10/2/24 5:28 PM