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.
A historical festival in the "Gradishte" area, where the ruins of an early Byzantine fortress are located, is organized today from 10:00 to 22:00 by the Regional Historical Museum - Gabrovo. The event is on the occasion of 105 years..
On Saturday , the lowest temperatures will be between 15 and 23°C. In Sofia - about 18°C. During the day, it will be sunny and hot again. It will be less hot by the sea. There will be light easterly wind. The highest temperatures..
Bulgaria appreciates Oman's important role in de-escalating tensions and achieving stability and lasting peace in the region. This is according to Head of State Rumen Radev. He awarded the Presidential Medal of Honour to the visiting Omani Foreign..
Bulgaria appreciates Oman's important role in de-escalating tensions and achieving stability and lasting peace in the region. This is according to Head of..
Bulgaria’s Premier Rosen Zhelyazkov extended his warmest congratulations to the President, the government and the people of the United States on the..
Ferry operations near Oryahovo have been suspended d ue to low water levels in the Danube River. The situation is not unprecedented and occurs every..
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