The stress tests of the Bulgarian banking system have suggested the need of corrections of 1.3 percent of bank assets. This amounts to the total of 665 million leva (close to 333 million euro). The Bulgarian National Bank (BNB) has said that the banks that have to carry out supervision measures have already submitted their plans. The stress tests of the system have been conducted under both a basic and adverse scenarios. The need to make corrections has been found at First Investment Bank, Piraeus, Investbank and Victoria Commercial Bank. The evaluation of the quality of assets and stress tests have suggested that the banking system is stable and extremely resistant.
Sofia has a new spot for curious minds. Phenomena is a museum where science and art come together — a place to experiment, discover, and get hands-on with the wonders of how the world works. Rooted in the spirit of STEAM education — that’s Science,..
‘In my view, the period between Bulgaria’s liberation and 1944 was especially significant because I believe that the country was then on the right developmental path,’ says collector Filip Milanov. ‘That era produced many people of exceptional integrity..
On 1 November, Bulgaria’s National Awakeners' Day, Sofia’s Gina Kuncheva Square will come alive in a truly remarkable way. From midday, the Oborishte Municipality and the Buditelkite Foundation will unveil the country’s first interactive outdoor museum,..
On the Day of National Awakeners, the Presidential Administration will open its doors to citizens. Today, at 10:30 a.m., a ceremony to..
On 1 November, Bulgaria’s National Awakeners' Day, Sofia’s Gina Kuncheva Square will come alive in a truly remarkable way. From midday, the Oborishte..
A number of events are being held throughout Bulgaria to mark the Day of National Awakeners. On the day we pay tribute to the Bulgarian..
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