Market capitalization of the Bulgarian Stock Exchange is low at four percent of gross Domestic Product, having fallen from a peak of seven percent in 1998. Similarly, market turnover remains low, even by the standards of transition economies. However in recent years, Bulgaria has made...

The study aims to outline the specifics related with the emergence and development of banking supervision in Bulgaria. The analyzed time period is divided into three parts, which reflect development of the Bulgarian state. The first period focuses on the development of banking supercision in the...

The aim of the paper is to present the dynamics in the banking supervision of Bulgaria. The international trend to extend the scope of banking supervision is reflected in the national policy for development of banking system. The recommendations in the European directives create an environment...

This Technical Note evaluates the progress achieved by the Bulgarian National Bank (BNB) in strengthening banking supervision in Bulgaria. Progress in responding to the recommendation of the 2015 Basel Core Principles Assessment is under way. As part of the reforms initiated in October 2015, the...

The World Bank Group assessed the insolvency and creditor/debtor regimes ('ICR') of Bulgaria pursuant to the joint IMF/World Bank initiative on the observance of standards and codes ('ROSC'). The assessment has been undertaken on the basis of the ICR Standard. The conclusions in this assessment...