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 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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