The stress tests of the Bulgarian banking system have suggested the need of corrections of 1.3 percent of bank assets. This amounts to the total of 665 million leva (close to 333 million euro). The Bulgarian National Bank (BNB) has said that the banks that have to carry out supervision measures have already submitted their plans. The stress tests of the system have been conducted under both a basic and adverse scenarios. The need to make corrections has been found at First Investment Bank, Piraeus, Investbank and Victoria Commercial Bank. The evaluation of the quality of assets and stress tests have suggested that the banking system is stable and extremely resistant.
Bulgarian investigative journalist Christo Grozev has been awarded the prestigious "Journalist of the Year" award at the PRIX EUROPA European media festival, which is supported by an alliance of 24 European public media outlets. Grozev, who is..
The Pumpkin Festival and the holiday of the village of Stefanovo will be held over the weekend, Dobrich Municipality announced. On Saturday, a solemn concert will be held with the participation of local bands, which will end..
To mark the 40th anniversary of Christo and Jeanne-Claude's monumental artwork, 'The Pont Neuf Wrapped', which transformed the iconic Parisian bridge into a work of art for fourteen days, the square adjacent to the bridge has been named 'Pont Neuf —..
No significant change in the weather is expected over the next 24 hours. It will remain cloudy with widespread and, in many areas, heavy rainfall. It..
The European Flood Awareness System (EFAS) has issued a warning of expected complications in Bulgaria on 3 October . Interior Minister Daniel Mitov..
''Sabotage groups are operational in Bulgaria, and they exert hybrid influence and are part of Bulgaria's political life'', Prime Minister Rosen..
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