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 was hit by severe weather on Friday, with snow in the western parts and torrential rain in the East, the Bulgarian News agency BTA reported. Three men, including two rescuers died in a coastal resort after heavy rainfall..
Krastyo Peev from the Civic Association “Public Council” in Nessebar has reported to the Bulgarian National Radio about “dead people and people trapped in hotels that need to be evacuated and dozens of cars and pavilions in the sea”..
Velichie party leader Ivelin Mihaylov said in parliament that together with MECH and Vazrazhdane parties they have collected the necessary signatures to file a complaint with the Constitutional Court. They are challenging the..
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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