Bulgaria eyes Greek crisis warily

Bulgaria has been watching the crisis in neighbouring Greece - where capital controls have been in place since Monday - through wary eyes, with its PM noting that Sofia is in "no rush" to join the euro.

The central bank issued a statement saying that Greek banks’ branches - which account for less than one-fifth of the financial sector in Bulgaria - were companies established under Bulgarian law and that they cannot transfer money out of the country without central bank permission.