Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Due to ERM-2, the Bulgarian state acquires 26% of a private bank

Photo: EPA/BGNES

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2. 
Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was done. The procedure will be coordinated with the European Commission, because it is a form of state aid. The auctions took place yesterday. 
I will have a conversation with Commissioner Margrethe Vestager to make sure that absolutely everything is fine with the Banking Union, said Prime Minister Boyko Borissov. He clarified that the Bulgarian government will support Fibank in order to remove the last obstacle for Bulgaria's accession to ERM-2.



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

EC releases convergence report on Bulgaria’s readiness to adopt the euro on 4 June

The European Commission has set a date for the release of the ad-hoc convergence report evaluating Bulgaria's readiness to adopt the euro - June 4. The report will be released during the spring cycle of the European semester. The information..

published on 4/17/25 8:33 AM

MPs vote on second no-confidence motion in cabinet

MPs will vote today at 2:30 pm on the second vote of no confidence in the cabinet of Prime Minister Rosen Zhelyazkov. The motion was tabled by the MECH party with the support of Vazrazhdane and Velichie. This time the motivation for the proposed vote..

published on 4/17/25 7:40 AM

Warming continues on Thursday

On Thursday , the lowest temperatures will range from 6°C to 11°C, for Sofia around 10°C. It will be mostly sunny during the day. In the afternoon, there will be temporary increases in cloud cover over the mountainous regions in the western half..

published on 4/16/25 6:30 PM