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.
Public transport workers in Sofia, Varna and Ruse took to the streets of the capital under the slogan “Decent work – decent pay! Without transport there is no economy!”, organized by the largest trade unions in the country. The demonstrators..
The complete rehabilitation of Bulgaria's road network, including all compromised road sections, would cost around 35 billion leva, regional minister Ivan Ivanov told bTV. He added that it was not clear where these funds could be found. 13,000..
Social Minister Borislav Gutsanov will attend an open lesson today at the Alexander Pushkin Secondary School in Varna, organized by the State Agency for Child Protection. The event is part of the campaign that informs children..
Five out of seven paediatricians at the capital's Fifth Multiprofile Hospital for Active Treatment "Knyaginya Klementina" have submitted their resignations..
Public transport workers in Sofia, Varna and Ruse took to the streets of the capital under the slogan “Decent work – decent pay! Without transport there..
Bulgarians, especially young people, need to understand that it is essential to have an employment contract to protect their labour rights, Labour and..
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