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.
Torrential rain flooded underpasses in Varna and caused landslides in various regions of the country. In Veliko Tarnovo (Central Bulgaria), the Yantra River has reached 2 meters and 20 centimeters, which is close to the critical level, but there is no..
The International Exhibition "Cultural Tourism" will bring together participants from Bulgaria and abroad from October 8 to 10 in Veliko Tarnovo, BTA reports. The event, now being held for the 20th time, combines two key aspects of life in the..
Lecturers from the National Academy of Art – Burgas Branch open their new creative season with the exhibition "Together". Their works are displayed in the Atelier Gallery in Magazia 1 at the Port Complex Burgas. The lecturers present a joint..
The population of white storks in Bulgaria has increased by 33% in recent years, according to data from the 8th International White Stork Census , cited..
Bulgarians living abroad have shown unprecedented interest in the Ministry of Labour and Social Policy’s “I Choose Bulgaria” programme, deputy Minister for..
On Friday, the lowest temperatures will range between 5°C and 11°C, in Sofia 7°C. During the day, the cloud cover across the country will be..
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