Text size

Bulgarian National Bank issues set of measures to combat coronavirus crisis

published on 3/19/20 3:59 PM

Photo: archive

The Bulgarian National Bank (BNB) has announced a package of more than 4.6 billion euros that will be earmarked for measures to tackle the effects of the COVID-19 crisis. The aim is to preserve the resilience of the banking system and reduce the negative effects of the restrictions on citizens and businesses. The banking system's profit is capitalized by EUR 800 million. The planned increase of the capital buffers by EUR 350 million is cancelled. The liquidity of banks is increased by EUR 3.5 billion by reducing foreign exposures of commercial banks.

The Bulgarian National Bank is monitoring the situation very closely. It is fully prepared if additional measures are needed. The Bulgarian National Bank calls on legislators and the public administration to refrain from decisions which could be damaging for the financial system.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Up-to-date information BNB Bulgarian National Bank coronavirus measures

More from category

The weather remains cloudy and rainy

Over the next 24 hours, there will be no significant change in the weather conditions - it will be cloudy and rainy. On Wednesday, the precipitation will weaken and stop by the end of the day. There will be a moderate wind from..

published on 4/1/25 7:00 PM

Only 5% of prisoners in Bulgaria find work after release

Only 5% of prisoners in Bulgaria find work after serving their sentence . According to the Varna-based Altruist Association, quoted by BNT, 75% return to prison within the first year, mostly for theft. Experts from the organisation stress the need for..

published on 4/1/25 6:00 PM

The price of gas for April is 38.39 EUR/MWh

The Energy and Water Regulatory Commission has approved the price of natural gas for April at 38.39 EUR/MWh, excluding access, transmission, excise and VAT prices. At this price, Bulgargaz will sell natural gas to end suppliers and..

published on 4/1/25 4:10 PM