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.
A day before the boycott of supermarket chains due to high prices announced for February 13, the Bulgarian Industrial Capital Association and the Association of Dairy Processors signaled that over the past year the mark-up on dairy products has..
The mayor of Tutrakan, Dimitar Stefanov, and the mayor of the Romanian town of Oltenitsa, Mihăiță Beștea, have signed documents urging the two municipalities to work together to launch a ferry line across the Danube. The first services are expected to..
A photograph in the media of Minister of Labour and Social Policy Borislav Gutsanov (Bulgarian Socialist Party), MEP Kristian Vigenin (Bulgarian Socialist Party) and former PM Simeon Saxe-Coburg-Gotha attending a conference, organized by the Russian..
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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