Bulgaria is joining the Single Resolution Mechanism, the Bulgarian National Bank, BNB has announced.
As of 1 October, 2020, the European Central Bank is assuming direct supervision of Bulgaria’s financial institutions via the Single Resolution Board. The Board protects financial stability and taxpayers by developing plans for bank resolution and crisis management. Banks in Bulgaria will make contributions to the Single Resolution Fund which finances the restructuring. BNB will have a representative at the Single Resolution Board plenary session and extended executive session with equal rights and obligations as the other members, including the right to vote.
A working discussion on the topic “Artificial Intelligence: Trends, Regulations and Development Scenarios” will be held today at the Bulgarian Industrial Association, BTA reports. Representatives of ministries, the National Assembly, and academic..
On Tuesday, Bulgaria will experience cloudy and rainy conditions , with prolonged and heavy rain expected in the eastern and northern regions. In the southwestern and south-central areas, the rain will ease off, though there may still be some scattered..
The European Commission will announce next month the amount under the Recovery and Resilience Plan (RRP), the payment of which may be withheld if the required conditions are not fulfilled. "We have sent Bulgaria a letter detailing the amount in..
On Tuesday, Bulgaria will experience cloudy and rainy conditions , with prolonged and heavy rain expected in the eastern and northern regions. In the..
The European Commission will announce next month the amount under the Recovery and Resilience Plan (RRP), the payment of which may be withheld if the..
During the night in the Danubian Plain it will be rainy and in places the amounts will be significant. In the southeastern regions of..
Occasional showers
Rain
Scattered showers