Bulgaria is joining the Single Resolution Mechanism, the Bulgarian National Bank, BNB has announced.
As of 1 October, 2020, the European Central Bank is assuming direct supervision of Bulgaria’s financial institutions via the Single Resolution Board. The Board protects financial stability and taxpayers by developing plans for bank resolution and crisis management. Banks in Bulgaria will make contributions to the Single Resolution Fund which finances the restructuring. BNB will have a representative at the Single Resolution Board plenary session and extended executive session with equal rights and obligations as the other members, including the right to vote.
After the elections, GERB will not negotiate for a new government with the co-chairmen of "We Continue the Change" Kiril Petkov and Asen Vassilev, as well as with the former prime minister Nikolay Denkov, but would accept some of the..
The co-chairman of PP-DB Kiril Petkov defined entering into a joint government with GERB-SDS as a "big mistake". "We did not realize how dependent Borisov was on Peevski," he told BNR. The goal for the PP-DB is to shed light..
Voters in the EU countries will be able to vote for candidates for both the Bulgarian and the European Parliament, while those outside the EU will only elect MPs for the Bulgarian National Assembly as in the polling stations there..
Ground forces military personnel destroyed an unexploded ordnance found yesterday in Vazrazhdane residential area of Sofia, the press service of the..
On Sunday the weather will be predominantly sunny, with cumulus clouds forming in the East in the afternoon though there is a slim chance of rain...
Conditions for mountain hiking are good until midday, with the exception of the Balkan Range, where there will be fog and rain, the Mountain Rescue..
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