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.
The commercial launch of the liquefied natural gas terminal in Alexandroupolis, Greece, is expected today . The terminal has already successfully completed all commissioning tests. The opening was originally scheduled for April 2024, but was later..
On Tuesday it will be sunny and windy in most parts of the country. Clouds will develop in the northeast and along the Black Sea coast, where it may rain in places. Lows will be between 5 and 10°C, 5°C in Sofia. Highs will be between 16 and 21°C...
Bulgaria has begun evacuating our fellow citizens who expressed a desire to leave Beirut following Israel's attacks on Lebanon. Some of the Bulgarians in Lebanon have already been evacuated on a government aircraft flight, BNR's correspondent Mira..
Some of the Bulgarians in Lebanon were evacuated on a government aircraft flight on Monday evening. The first group, consisting of 89 people, mostly..
''The second evacuation flight from Lebanon will be carried out today around noon, provided the circumstances are favorable'', caretaker Premier Dimitar..
The Kalotina border checkpoint on the border with Serbia has already been renovated and has a nearly 30% increased capacity for passenger cars. It has..
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