Bulgaria’s commercial banks are less interested in attracting new deposits, banking expert Victor Yotsov told the Bulgarian National Radio. In Mr Yotsov’s words, the Bulgarian National Bank may reduce its interest rate on deposits even further and the banks may have to start paying more for the excessive amount of deposits. The liquidity of the Bulgarian banks is very high. That is why most of them are not interested in attracting more capital in bank deposits. The banks experience difficulties in supplying the huge amount of money they keep in deposits. However, the interest on bank deposits would not become negative. Otherwise, people would withdraw all their money from the commercial banks, if they are obliged to pay interest just to keep their money in banks, Victor Yotsov further said.
There is a huge increase in the import of workers from third countries. We are heading towards 50,000 by the end of the year. The shortage of personnel is constant. This is what Georgi Parvanov - an expert in Human Resources, a..
At the end of February this year, the Bulgarian National Radio announced an essay contest aimed at schoolchildren and students from the Bulgarian diaspora in Ukraine and Moldova. The children wrote on the topic "If it were possible, which Bulgarian..
Before the fifth vote of no confidence against the government of Prime Minister Rosen Zhelyazkov, opposition MPs from "We Continue the Change - Democratic Bulgaria" blocked the entrance to the courtyard of the parliament. They said..
On Wednesday, the minimum temperatures in Bulgaria will be from 11 to 16°C, in Sofia - 14°C . A cold atmospheric front will pass through the country, with..
The sixth unit of the Kozloduy NPP will also start operating with American nuclear fuel next year. The first six Westinghouse cartridges will be placed..
Opera stars Sonya Yoncheva and Plácido Domingo will bring to Sofia a host of opera managers and 32 young opera singers from 17 countries across five..
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