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.
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..
On Thursday, minimum temperatures will range from minus 5° C. to zero, reaching minus 8° C. in the Eastern parts of the country, for Sofia around minus 3° C. During the day there will be clouds over most of the country. Until midday there will be a..
Bulgaria is working on the implementation of key projects that will make the country an indispensable energy factor. This became clear from the statement of the Minister of Energy Zhecho Stankov at the Sixth Delphi Forum in Washington. Part of this..
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 Bulgarian Industrial Capital Association and the Bulgarian Association of Dairy Processors have raised concerns that the prices of basic food..
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