In an interview for the Bulgarian National Radio a source from the European Central Bank denied the information that ECB supervisors will arrive in November in Bulgaria to assess 6 Bulgarian banks in line with this country’s application to join the ERM2 mechanism, also known as the Eurozone’s waiting room. According to the ECB source, this may happen if amendments to the Bulgarian legislation enabling the European Central Bank to supervise Bulgarian banks are made. Unicredit Bulbank, DSK Bank and United Bulgarian Bank are among the banks which are most likely to be checked by the ECB when this financial institution is enabled to make bank supervisions in Bulgaria.
Bulgaria’s Vertical Gas Corridor project is on track for completion by the end of 2026 , according to Energy Minister Zhecho Stankov, who stressed that it would help the country maintain its strategic position in South East Europe. Accompanied by..
Bulgaria’s coalition parties have agreed to introduce a rotating chairmanship of the National Assembly. At today’s joint governance council meeting, members also discussed next year’s draft budget. Kostadin Angelov, Deputy Chairman of..
Google has donated an additional $1 million to the Institute for Artificial Intelligence and Computer Technologies (INSAIT) at Sofia University , bringing its total investment in the institute to over $6 million. According to the institute’s website,..
By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
On Tuesday , the lowest temperatures will be between 3 and 8°C; in Sofia – about 4°C. During the day before noon cloudiness will be..
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