The European Central Bank (ECB) and the Bulgarian National Bank (BNB) set up a swap line for EUR 2 billion.
Under the agreement the Bulgarian National Bank will be able to borrow up to EUR 2 billion from the ECB in exchange for Bulgarian Leva, the maximum maturity for each drawing being three months. The line will be activated when the need arises and is set up as an additional precaution because of the Covid-19 crisis.
The setting up of a swap line between the ECB and the BNB to ensure euro liquidity was welcomed in a telephone conversation by Prime Minister Boyko Borissov and the President of the European Central Bank Christine Lagarde.
In a press release, Bulgaria’s Ministry of Foreign Affairs strongly condemned the recent statements by the Prime Minister of the Republic of North Macedonia Hristijan Mickoski regarding the Bulgarian minority in the country and its inclusion in the..
Restaurateurs from around the country are holding a national meeting today in Veliko Tarnovo to discuss taking measures to protect the differentiated 9% VAT rate for catering establishments, BNR’s correspondent in Veliko Tarnovo Zdravka Maslyankova..
Bulgaria’s Minister of Defence Atanas Zapryanov will take part in the meeting of NATO defence ministers in Brussels today. The forum will focus on strengthening the alliance’s deterrence and defence capacity, how to distribute responsibilities..
A photograph in the media of Minister of Labour and Social Policy Borislav Gutsanov (Bulgarian Socialist Party), MEP Kristian Vigenin (Bulgarian..
With 197 votes “for”, the National Assembly unanimously approved, at first reading, a full ban on the import, trade in, supply, distribution and sale,..
The Council of Ministers approved a roadmap for the completion of Struma motorway. According to the schedule, an open tender for preliminary design is..
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