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.
The Criminal Division of the Supreme Court of Cassation (SCC) ruled that the acting chief prosecutor's powers automatically terminate after the six-month period allowed by legislation. Consequently, Borislav Sarafov is no longer acting chief prosecutor,..
Bulgaria is guarding Europe’s borders “extremely well and successfully,” Prime Minister Rosen Zhelyazkov said in Copenhagen ahead of the European Political Community meeting, the government press service reported. He noted that, compared to 2024,..
The Parliamentary Assembly of the Council of Europe (PACE) has decided to end its monitoring of Bulgaria, with 101 votes in favour, 3 against, and 1 abstention. Speaking from the parliamentary rostrum, Stanislav Balabanov of the “There Is Such a..
To mark the 40th anniversary of Christo and Jeanne-Claude's monumental artwork, 'The Pont Neuf Wrapped', which transformed the iconic Parisian bridge..
The Pumpkin Festival and the holiday of the village of Stefanovo will be held over the weekend, Dobrich Municipality announced...
Bulgarian investigative journalist Christo Grozev has been awarded the prestigious "Journalist of the Year" award at the PRIX EUROPA European media..
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