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Commenting article: Bulgaria to Seek Integration into EU Bank Supervision Mechanism

Bulgaria's President, political leaders and other officials agreed Monday that Bulgaria should take immediate steps to join Europe's Single Supervisory Mechanism.

Separately, the country is to submit itself to a peer review from the European Banking Authority.

The cabinet is also due to review the 2014 budget, with additional money set aside for the National Health Insurance Fund (NZOK), which runs a deficit worth hundreds of millions of BGN, President Rosen Plevneliev reported after holding talks with leaders of parliamentary parties, Prime Minister Plamen Oresharski, central bank Governor Ivan Iskrov and Finance Minister Petar Chobanov.

Philippe - 15 Jul 2014 // 00:45:34

Maybe the President could ask the BNB to publish a list of those banks with a Non Performing Loan portfolio of over 25% and maybe some professors could explain why these banks are so eager to gather these NPL's?

I could also explain this, but I risk to be prosecuted for organizing a bank run...

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria