Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Due to ERM-2, the Bulgarian state acquires 26% of a private bank

Photo: EPA/BGNES

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2. 
Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was done. The procedure will be coordinated with the European Commission, because it is a form of state aid. The auctions took place yesterday. 
I will have a conversation with Commissioner Margrethe Vestager to make sure that absolutely everything is fine with the Banking Union, said Prime Minister Boyko Borissov. He clarified that the Bulgarian government will support Fibank in order to remove the last obstacle for Bulgaria's accession to ERM-2.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny but cooler weather

Friday will be mostly sunny but windy. Cloud cover will increase from the south-west in the afternoon, with rain spreading across most of the country in the evening and continuing overnight. Minimum temperatures will range between 7°C and 12°C, around..

published on 5/8/25 7:05 PM

Prime Minister Rosen Zhelyazkov: Bulgaria meets all criteria for the eurozone

Prime Minister Rosen Zhelyazkov has highlighted the stability of public finances as a key element on the country's path to Eurozone membership. Speaking to Vice President of the Europe and Central Asia Region at the World Bank, Antonella Bassani,..

published on 5/8/25 6:12 PM

Law changes envisage emergency calls to 112 to be localized

The National Assembly has adopted important changes related to the National Emergency Call System - 112. They provide for the construction of a new generation of communication centers, which will be able to determine the exact location of people..

published on 5/8/25 5:38 PM