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.
In a letter to the Bulgarian Judges Association, European Chief Prosecutor Laura Kövesi announced the reasons for the disciplinary proceedings initiated against Teodora Georgieva, a Bulgarian representative in the European Public..
Bulgarian President Rumen Radev will participate today in the official presentation of a phototype edition of the Macedonian Almanac of the Macedonian Patriotic Organization on the occasion of the 85th anniversary of the original. The..
On Thursday, minimum temperatures will range from 6°C to 11°C, reaching around 5°C in Sofia. It will be cloudy, windy and rainy during the day, with unsettled weather conditions. There will be a moderate north-easterly wind, stronger in eastern..
To mark the 40th anniversary of Christo and Jeanne-Claude's monumental artwork, 'The Pont Neuf Wrapped', which transformed the iconic Parisian bridge..
On Saturday, the lowest temperatures will be between 2 and 7°C; in Sofia - about 2°C. Precipitation will begin to stop, but during..
The Municipality of Burgas has declared a partial state of emergency until October 6. Mayor Dimitar Nikolov said that evacuations will be carried out in..
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