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.
GERB leader Boyko Borissov said that his party would no longer take part in negotiations and that the next step would be elections. Speaking on the sidelines of Parliament, Borissov pointed out that after the rejection of GERB's government..
Upon entering Parliament, Lena Borislavova of the PP-DB commented on Delyan Peevski's indication that he would expel the rogue DPS MPs as his move to make the DPS a third political force. Yesterday, 30 DPS deputies supported the GERB-SDS proposal for a..
Ramadan Atalay, an expelled MP from the Movement for Rights and Freedoms (DPS) group, has called on the party to remain united. He said this as he entered Parliament this morning, BNT reported. According to Atalay, the DPS has enough power to..
"It is evident that the political crisis continues and its solution requires not only putting aside personal and party interests but also requires..
The Balkans are attracting more and more medical tourists, with Turkiye being the undisputed leader, ranking among the top 10 most preferred countries..
After a heated debate, Parliament rejected the proposed GERB-SDS cabinet with Rosen Zhelyazkov as Prime Minister. It was supported by 98 MPs, with 138..
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