Bulgaria’s Development Bank will finance up to 70% of the capital increase of First Investment Bank, the Bulgarian cabinet decided. The acquisition of shares in FiBank is extremely important for Bulgaria on its path to the Eurozone, Premier Borissov explained. The capital shortfall in FiBank was seen during a stress test of the European Central Bank when Sofia applied to join the Eurozone waiting room (ERM 2). Later, Fibank will buy off its shares from the state and pay interest for the credit, Premier Borissov contends. The aim of the operation is to help Bulgaria join ERM 2 by July this year, Boyko Borissov said further.
The average social security income for the country for February 2025 is 888.63 EUR, the National Social Security Institute (NSSI) has reported. Compared to the previous month, there is a rise of 2.42 EUR. In the period March 1,..
Since the beginning of the year, there has been a trend of decreasing traffic accidents on the territory of Sofia, as well as the number of people killed and injured in them compared to 2024, Commissioner Nikolay Krusharski, Head of..
Snowfall and strong winds in Northeastern Bulgaria caused power outages in more than 100 villages in the regions of Ruse, Silistra, Shumen, Targovishte, Dobrich and Varna. Hurricane-strong wind knocked down a 50-meter crane..
On Sunday, the lowest temperatures will range between 1°C and 6°C, around 2°C in Sofia. During the day, it will be mostly sunny, with temporary..
Protests demanding safer roads following the death of 12-year-old Siyana Popova took place across the country. Thousands of people gathered in the..
The relations between Bulgaria and Turkiye—friendly, cooperative and steadily built over decades—are a guarantee for protecting not only national but..
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