Bulgaria’s Development Bank will finance up to 70% of the capital increase of First Investment Bank, the Bulgarian cabinet decided. The acquisition of shares in FiBank is extremely important for Bulgaria on its path to the Eurozone, Premier Borissov explained. The capital shortfall in FiBank was seen during a stress test of the European Central Bank when Sofia applied to join the Eurozone waiting room (ERM 2). Later, Fibank will buy off its shares from the state and pay interest for the credit, Premier Borissov contends. The aim of the operation is to help Bulgaria join ERM 2 by July this year, Boyko Borissov said further.
Increasing energy connectivity between countries in the region of Southeast Europe will reduce electricity prices, increase competitiveness and security of supply . This was stated by Energy Minister Zhecho Stankov at the Energy Summit, organized by the..
The common will and economic potential of the two countries are important prerequisites for the upward development of bilateral relations, said President Rumen Radev at a meeting with the Ambassador of Vietnam Do Hoang Long . The meeting was also..
The prospects for developing the significant potential of tourism in Bulgaria were discussed at a meeting between the Bulgarian Head of State Rumen Radev and the Secretary-General of the UN World Tourism Organization Zurab Pololikashvili. The..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
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