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.
It is theoretically possible that Bulgaria could apply for a third payment under the Recovery and Resilience Plan by the end of 2025, European Commissioner for Economy Valdis Dombrovskis announced in an interview with the Bulgarian..
Bulgaria is to participate in the prestigious Eurovision Song Contest, which will celebrate its 70th edition in 2026. The return is part of the Bulgarian National Television’s efforts to promote Bulgarian culture and talent to an..
With the blessing of the Holy Synod of the Bulgarian Orthodox Church, a mobile application for believers has been available on the official website of the Patriarchate since November 1. In its first version, the application includes..
North Macedonia has still not adopted the necessary constitutional amendments aimed at including Bulgarians and other non-majority communities in the..
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
On Tuesday , the lowest temperatures will be between 8 and 13°C; in Sofia - about 8°C. During the day, it will remain cloudy. There..
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