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.
Bulgaria appreciates highly Qatar's consistent efforts to end hostilities in the Middle East and the subsequent finding of a sustainable peaceful solution through diplomacy . This was what President Rumen Radev said at a meeting with Minister of State..
Terminal 2 has been modernised and expanded to include a new Gate Garden , which bgtourism.bg reports is the first fully equipped open-air gate area in Europe. This innovative project increases the terminal’s area by over 2,000 square meters and..
Deputy Minister of Culture Todor Chobanov has opened the exhibition " On the Waves of the Black Sea through the Ages" in the Segur Hall in the UNESCO headquarters in Paris. The event is part of Bulgaria's cultural program during the 47th session of..
With 531 votes in favour, 69 against and 79 abstentions, the European Parliament approved Bulgaria's accession to the eurozone on 1 January 2026...
During its plenary session in Strasbourg today, the European Parliament is scheduled to vote on Bulgaria’s accession to the eurozone on 1 January 2026...
The EU Council on Economic and Financial Affairs (ECOFIN) unanimously approved the final three acts enabling Bulgaria’s accession to the eurozone...
Partly Cloudy
Mostly Cloudy