Bulgaria Among EU Leaders in Female Representation in Science and Engineering
In 2023, the number of female scientists and engineers in the European Union reached 7.7 million
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.
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Professor Steve Hanke, who established Bulgaria’s currency board, emphasized that the country should maintain the current system, as it continues to work effectively
Bulgaria has the lowest minimum wage among the European Union member states as of January 2025, standing at 551 euros
Since being created as a joke cryptocurrency , Dogecoin has become a popular cryptocurrency with an active community of developers, traders, and investors.
Economists have urged Bulgaria’s leadership to submit an application to the European Commission and the European Central Bank for an extraordinary convergence report on joining the eurozone
Representatives of Bulgaria’s ruling coalition have once again highlighted a significant deficit in the state budget, with Stanislav Balabanov from "There Is Such a People" (TISP) stating that 2025 will be a transitional year regarding the eurozone
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