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.
Farmers across the country have declared their readiness for effective protests due to a lack of irrigation water, reported BNR’s correspondent Veselina Milanova. The Bulgarian Agrarian Chamber has sent a letter demanding an urgent meeting with..
The increase in vignette prices will take effect on May 1, while the new higher toll fees for heavy goods vehicles and buses will take effect on April 1 . Additionally, a second toll fee adjustment is scheduled for September 1. From May 1, the..
"If Bulgaria Were Told to Me" is the title of a new initiative launched by the Bulgarian Cultural Institute (BCI) in the French capital, in partnership with La Cinémathèque du documentaire à la Bpi at the Centre Georges Pompidou. Focusing on..
Today is the last day of operation of Bulgaria's second largest coal-fired power plant, ContourGlobal Maritsa East 3 TPP. From tomorrow, 130 of the..
The increase in vignette prices will take effect on May 1, while the new higher toll fees for heavy goods vehicles and buses will take effect on April 1..
Organ donation is approved by 62% of Bulgarians, 18% disapprove and 20% cannot decide. These are the results of a nationally representative survey..
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