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 Consul General of Bulgaria in Los Angeles Boyko Hristov met with David Stirling, Founding Executive and Chair of the Board of doTERRA International in Pleasant Grove, Utah, the Consulate General announced on its Facebook page...
Over 200 applications are being received daily under the “I Choose Bulgaria” project, aimed at Bulgarians abroad for their permanent settlement in the country, Social Minister Borislav Gutsanov said. In the first day, 420..
Prime Minister Rosen Zhelyazkov said in Copenhagen that Bulgaria supports the creation of a European drone wall. He participated in the informal meeting of the European Council in the Danish capital, the government's press service..
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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