Bulgarian National Bank

Owing to reforms, capital and liquidity buffers the Bulgarian banking system has stabilized in the wake of the closure of Corporate Commercial Bank in 2014. This is the finding of the International Monetary Fund following its evaluation of the stability of Bulgaria's financial system, BNR reported.

IMF recommends further strengthening of banking supervision.

A gold commemorative coin with a nominal of BGN 100 dedicated to the Epiphany will be issued on Monday.

In accordance with tradition, the Bulgarian National Bank (BNB) issues commemorative coins on Christian themes. This year, the topic selected is the Epiphany.

Estimates of a brisk fall in the value of foreign direct investment (FDI) into Bulgaria are "not quite correct", Stamen Yanev, who heads the country's investment promotion agency, has said.

The year 2016 was a "successful" year in the view of InvestBulgaria Agency, Yanev has told Bloomberg Tv Bulgaria's morning talkshow in an interview.

Belgium-based KBC group has finalized the purchase of the United Bulgarian Bank (UBB) and leasing company Interlease, according to its own statement.

The deal, with a price tag of EUR 610 M, gives KBC control over 99.9% of the bank's shares and 100% of Interlease.

KBC is the owner of CIBank and insurance company DZI in Bulgaria.

Bulgarian National Bank (BNB) Governor Dimitar Radev has said it is the right time for the country to access the ERM II Mechanism, the so-called "Eurozone waiting room".

The printing house with the Bulgarian National Bank (BNB) has been tasked with producting the ballots that will be used for the upcoming presidential elections.

The Central Electoral Commission (CEC) announced the state-owned printing house will be used after the tender was carried out on the basis of agreement and not announcement.

The Bulgarian National Bank paid BGN 22.3 M to the Board of Directors and its employees in 2015.

BGN 6 M were for bonus payments, announced a report by the National Audit Office. Ivan Iskrov was the Governor of BNB until July, 2015. After that, the position was occupied by Dimitar Radev.

Bulgaria's gross foreign debt totalled EUR 33.87 B at end-February, equivalent to 73.1% of the projected 2016 GDP, the central bank reported on Tuesday.

The debt figure, which is preliminary, was 0.7% lower compared with end-2015, the Bulgarian National Bank (BNB) said in a monthly debt report.

Foreign direct investment (FDI) in Bulgaria for the first two months of the year totalled  EUR 81 M,equivalent to 0.2% of the projected 2016 GDP,the central bank said on Monday citing preliminary data.

This compared with FDI in Bulgaria of EUR 486.4 M in January-February 2015, or 1.1% of 2015 GDP as reported by the state statistical office NSI.

Bulgarian President Rosen Plevneliev is set to appoint one of his advisers to the Governing Council of the Bulgarian National Bank (BNB), his press office has said.

Elitsa Nikolova has worked as adviser on economy, regional development and infrastructure with the President since January 2012.