BNB received dividend income from the BIS as conflict drives up crude oil prices and inflation.

The entities involved

• Bulgaria →

  country in Southeast Europe

  • Varna and Burgas ports are identified as main economic arteries, amidst rising Black Sea risks due to the war in Ukraine.17:14
  • The President held a press conference in Varna, stressing that Black Sea routes are vital for Ukraine's economy and food security.17:14
• Bank for International Settlements →

  international financial institution owned by central banks

  • Countries and cities are competing for executive board seats and presidency at the European Central Bank.07:58
  • The Bank of Korea Governor was appointed to the BIS committee, seeking to raise the bank's international profile.Tue 12:40
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • Trafficking routes are reported to involve the Middle East, with a new travel route connecting Abuja and Addis Ababa.19:31
  • Middle East conflict is impacting global supply chains and trade.17:14