As of October 1, 2020, the Bulgarian National Bank (BNB) is cooperating with the European Central Bank. The accession of Bulgaria to the Banking Union has lead to the direct supervision by ECB of 5 commercial banks registered in Bulgaria - DSK,..
Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020 , BNR reports. This is part of the cooperation of the Bulgarian National Bank with the European financial institution on the..
The European Central Bank established the compulsory intervention rates for Bulgarian lev and Croatian kuna following their inclusion in ERM II. As of 13 July 2020 the lower rate for the Bulgarian lev is set at 1.66246 per 1 euro, the upper..
At the backdrop of protests against and in support of the government, somehow the important topic of Bulgaria's accession to the ERM II mechanism and the banking union as a step towards its future entry into the eurozone remained in the..
Bulgaria and Croatia still need to work to fix their economies and improve their institutions before joining the Eurozone, the member of the European Central Bank’s Executive Board Fabio Panetta said on Monday , Reuters reports. The reforms..
Bulgaria and Croatia have joined the ERM II exchange rate mechanism and the Banking Union, and in the next 3 years the two countries will prepare for the adoption of the single European currency , the European Central Bank has announced. Thus, the euro..
Bulgaria and Croatia can join the Eurozone's "waiting room" by the end of this year. The opinion is of Fabio Panetta - a member of the board of the European Central Bank, expressed in an interview with the French newspaper Le Monde. According to him,..
The European Central Bank (ECB) and the Bulgarian National Bank (BNB) set up a swap line for EUR 2 billion. Under the agreement the Bulgarian National Bank will be able to borrow up to EUR 2 billion from the ECB in exchange for..
The finalization of the fulfillment of the criteria for entering the exchange rate mechanism ERM II may be in the next few weeks, said Bulgaria's Finance Minister Vladislav Goranov. He is adamant that now is a good time for Bulgaria to take this..
“Bulgaria is beginning close cooperation with the European Central Bank on synchronizing legislation and banking supervision for entering the ERM II mechanism,” announced at a briefing Finance Minister Vladislav Goranov. After being given a..
