The interest rates on deposits offered by the commercial banks to the local households and companies have reached new historical lows and are very close to zero (those in Euro offered to Bulgarian firms decreased to 0.38% on an annual basis). The interest rates on consumer loans fell for the first time under 10% since the end of the credit expansion in 2007. This is mainly due to the excessive liquidity of the banking system and to the negative interest rates levied by the Bulgarian National Bank on the excessive reserves of the commercial banks. The low profitability of the bank deposits already made some Bulgarian households and companies withdraw part of their savings and boosted consumption of services and items. The cheaper consumer loans, however, have not yet triggered substantial growth in lending.
Monday will be sunny and hot. In the east there will be light to moderate northeasterly winds. Maximum temperatures will be between 33° and 38°C , in Sofia - 33°-34°C. Over the mountains, it will be sunny and there will be a breeze from the..
"There is no, and cannot be, any opposition between Dogan and me," DPS Co-Chairman Delyan Peevski stated in a release from the party's press center. He added, however, that there was an opposition and a conflict: "The conflict is Peevski versus the fat..
Bulgaria's air ambulance helicopter has completed its first operation in the mountains , interim Transport Minister Georgi Gvozdeykov said. New delay expected for air ambulances for emergency medical services Responding to a signal from the..
Sunday will be sunny and hot. There will be weak to moderate northeasterly wind. Temperatures will continue to rise and the highest..
The new Bulgarian Patriarch, Daniil, has spoken out in favour of reconciliation within the Orthodox churches. "There is a broken communion between..
If a referendum was held on whether to continue the country's membership in NATO, 59% of Bulgarians would answer affirmatively,..
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