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.
On Sunday, the weather will be mostly sunny with occasional increases in cloud cover, but little to no precipitation is expected. There will be a light to moderate northeasterly wind. Maximum temperatures will range between 28°C and 33°C, around 30°C..
The Day of the Unification of the Principality of Bulgaria and Eastern Rumelia was marked in front of the Mausoleum of Prince Alexander I Battenberg, with the participation of a ceremonial military unit from the National Guard, BGNES reported...
The Sofia City Court has received requests to alter the detention measures of Varna Mayor Blagomir Kotsev, former Deputy Mayor of Sofia Nikola Barbutov and businessman Petar Rafailov, the court's press office announced. Blagomir Kotsev was..
During the night, the weather will remain mostly clear with scattered high clouds. After midnight, low clouds or fog are expected to form over the far..
Firefighting teams, workers from the Rila Monastery Nature Park and volunteers joined efforts to extinguish a fire that broke out yesterday afternoon in..
Bulgaria will begin checks after Oct. 1 to ensure all government IT systems are ready to operate with the euro , e-Government Minister Valentin Mundrov..
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