Banking union
Bulgarian National Bank: We are on the Final stretch on the Road to the Eurozone
"Bulgaria is on the final stretch on the road to the Eurozone". This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro.
Bulgarian Council of Ministers Reports on Support Measures for Business
We have made a lot of effort and to our delight the colleagues from the European Banking Authority, allowed the Bulgarian business to use this moratorium and postpone the payment of interest or principal on loans in the coming months of the pandemic. This was stated by Prime Minister Boyko Borissov during a working meeting at the Council of Ministers with members of the government.
Breaking News: Bulgaria's PM Borissov Calls for Convening Grand National Assembly and Changes to the Constitution, Plans to Resign Afterwards
GERB proposes a new structure of the judiciary and a reduction in the number of deputies
Prime Minister Boyko Borissov proposes convening a Grand National Assembly and amending the Constitution. This is stated in his official statement.
Here is the full wording of the statement:
I appeal to all Bulgarian citizens.
Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank
At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).
Bulgarian State Acquires 26% of Fibank Due to ERM-2
The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2. Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was
Private pension officials ask ECB to fund economic recovery in Romania
The Association of Romania's Privately Managed Pensions (APAPR) has recently asked for the Eurobonds issued by Romania to be included in the European Central Bank's (ECB) procurement programme for euro area countries.
Bulgaria - One Step Away from Getting "Green Light" for Eurozone Waiting Room
Bulgaria's Finance Minister Vladislav Goranov has confirmed that Bulgaria is continuing its plan to enter the ERM-2 exchange rate mechanism. One of the commercial banks in the country still need to comply with the European Central Bank's recommendations for additional capital buffers. In doing so, Bulgaria will meet the requirements for applying to join the European Banking Union and ERM-2.
Bloomberg: Bulgaria May Delay its Bid to Adopt the Euro
Bulgaria signaled it may delay its bid to adopt the euro amid fears the preparatory steps could jeopardize a long-standing fixed exchange rate to the common currency, Bloomberg reported.
Talks on primary surplus target revision to start in year’s first half
Finance Minister Christos Staikouras presented the government's priorities for 2020 at Monday's Eurogroup meeting in Brussels, mentioning Athens' request for a primary surplus reduction for 2021 and 2022, an issue eurozone sources say will start being debated in the year's first half.
Primary surplus target revision to start in year’s first half
Finance Minister Christos Staikouras presented the government's priorities for 2020 at Monday's Eurogroup meeting in Brussels, mentioning Athens' request for a primary surplus reduction for 2021 and 2022, an issue eurozone sources say will start being debated in the year's first half.