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.
The U.S Department of State has made a determination approving a possible Foreign Military Sale to the Government of Bulgaria of Naval Strike Missile Coastal Defense System (NSM SDS) and related equipment for an estimated cost of USD 620..
On Tuesday, the lowest temperatures will range from 17°C to 24°C, in Sofia 17°C. It will be sunny during the day, with temporary increases in cloudiness over the mountainous regions in the afternoon . The maximum temperatures will be between 37°C..
During a one-day official visit to London at the invitation of the British side, Bulgaria’s Foreign Minister Georgi Georgiev held a bilateral working meeting with the UK’s Foreign Secretary, David Lammy . The two ministers discussed the progress of, and..
Two children, aged five and seven, ran away from their preschool in Sofia, prompting police involvement. The authorities were notified approximately one..
During operation “Orient Express”, customs officers at the Kapitan Andreevo border crossing seized a record amount of 205.9 kg of..
In meetings with executives from Meta, Clean Energy Buyers Association (CEBA) and IP3 Corporation, Bulgarian Minister of Energy, Zhecho..
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