Euro

Central bank says situation getting worse but not as markedly as in spring

Ljubljana – Banka Slovenije’s latest report on macroeconomic trends says that the economic situation in the eurozone as well as in Slovenia started to deteriorate again at the start of the fourth quarter. The lockdown will cause a substantial drop in economic activity, but it is not expected to be as strong as in the second quarter.

European Central Bank: Bulgaria Could Join Eurozone’s Waiting Room by the End of 2020

That was said by the Bank's board member Fabio Panetta

Bulgaria could join waiting room to adopt the euro until the end of 2020, European Central Bank board member Fabio Panetta said in an interview for Le Monde.

The institution praises the efforts of Bulgaria and Croatia to switch to the common currency, Panetta added. He underlined that the two countries rely on tourism.

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).

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