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.
A market study will soon be launched, followed by a competitive tender for Bulgarian developers to supply various types of drones for the Ministry of Defence. This announcement was made by Tomislav Donchev, the Deputy Prime Minister and Minister of..
A Bulgarian citizen, part of the Gaza-bound aid flotilla, is among those detained by Israel, according to a post on the official social media channel of the flotilla. The Israeli Navy intercepted boats from the Global Sumud Flotilla...
The police in Varna are investigating a threat against Bilyana Kotseva, sister of the city's mayor Blagomir Kotsev, the Bulgarian National Radio has reported. "Stay alive for your loved ones" is the message written on..
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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