Inside Bulgaria's Easter Celebrations: Traditions Passed Through Generations
Today marks the joyous celebration of Easter, one of the most significant holidays in the Orthodox Christian calendar.
Bulgaria’s central bank has said its commitment and action taken so far create prerequisites for the timely finalisation of the acquisition of the branch nework of Greece's Alpha Bank in the country by Postbank, a subsidiary of another Greek lender, Eurobank.
The deal, announced on 17 July, needs the approval of Bulgarian and Greek regulators as well as the Single Supervisory Mechanism of the eurozone. The parties to the transaction expect it to be completed by the end of the year.
The SSM is the home supervisor of the eurozone banks’ divisions and branches operating in Bulgaria.
Four Greek-owned banks operate in Bulgaria, holding about a fifth of the assets of the country’s banking system.
While Eurobank, Piraues Bank and National Bank of Greece each operate in Builgaria through subsidiaries subject to the supervision of the Bulgarian National Bank (BNB), Alpha Bank is a branch, which means the BNB cannot exercise full control over the lender.
“The BNB supports the market-driven consolidation processes and ownership transformation in the banking system, which also further strengthen the capital base and liquidity, financial autonomy and operational independence from other countries’ banking systems”, the Bulgarian National Bank (BNB) said in a statement.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022