As of October 1, 2020, the Bulgarian National Bank (BNB) is cooperating with the European Central Bank. The accession of Bulgaria to the Banking Union has lead to the direct supervision by ECB of 5 commercial banks registered in Bulgaria- DSK, United Bulgarian Bank, Eurobank, Unicredit and Raiffeisen Bank. Although, they are subsidiaries of European banking families, they are monitored in Bulgaria as well. It is the responsibility of BNB to supervise the smaller banks in this country, although Frankfurt can take over their supervision as well.
First Investment Bank is not being supervised by ECB. Before Bulgaria’s accession to ERM II, the bank raised its capital with the help of the Bulgarian Development Bank and a private investor.
The European Public Prosecutor's Office (EPPO) in Sofia has filed an indictment with the Sofia District Court against the manager and owner of a company suspected of fraud in a public procurement procedure to the tune of €4.5 million (BGN 8 838 308)...
Deepening the strategic partnership between the United States and Bulgaria should be a top priority for bilateral cooperation between our new administrations, Prime Minister Rosen Zhelyazkov told US Vice President J.D. Vance, with whom he had a brief..
Bulgaria’s Minister of Energy Zhecho Stankov met, in Washington, with Laura Lochman, US Acting Assistant Secretary of the Bureau of Energy Resources. The two discussed the construction of a vertical gas corridor for diverse and sustainable gas..
Bulgaria is participating at the Lisbon Food Affair (LFA) – the largest food trade fair in Portugal, which opened today and will run until..
From February 10 to 22, the largest NATO military exercise of the year, Steadfast Dart - 2025 (STDT25), will be held in the areas of the Tsrancha..
By the end of September, Bulgaria will receive eight F-16 Block 70 fighter jets, Minister of Defence Atanas Zapryanov has told Nova..
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