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.
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..
After a meeting of the National Council for Tripartite Cooperation , Social Minister Borislav Gutsanov said the Ministry of Labour and Social Policy proposed raising the minimum wage to BGN 1,213 (EUR 620) next year, up from EUR 550.68, an increase of..
During the night in the Danubian Plain it will be rainy and in places the amounts will be significant. In the southeastern regions of..
The European Commission has brought legal action against Bulgaria at the European Court of Justice (ECJ), arguing that the country has not fully..
Solar power capacity in Bulgaria for electricity production will exceed 4 GW in 2025. This is equal to 4 large nuclear reactors, Dr. Maria Trifonova, a..
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