Bank profits stood at over half a billion Leva (250 million euro) at the end of May, Bulgarian National Bank data indicate. Banks’ profits are up by 28 million euro compared to the first five months of last year. However, the credit portfolio has shrunk by 0.1 percent. Credits taken out by households are up, whereas corporate credits are down and this pushes this index down. Deposits by households are still on their way up, though at a slower rate. The level of liquid assets within the system is high. The share of debt securities in banks’ portfolios, which are considered to be high-security investments, is increasing.
94% of workers in Bulgaria are dissatisfied with their salary, shows a survey conducted by Podkrepa Confederation of Labor. 91% of the respondents in the representative survey said that they receive a net income of less than 2,500 BGN (1,250 EUR) and..
The Technical University of Sofia is probably the only institution in Bulgaria to offer bachelor's and master's programmes in three additional languages - English, German and French, reports 24 Chasa Daily. Global giants such as IBM, NIDEC, Shwarz and..
On Wednesday morning, visibility will be reduced in places in the plains and valleys. Minimum temperatures will be between minus 10 and minus 4°C, reaching minus 14°C in some basins. In Sofia it will be around minus 10. During the day, clouds will break..
A photograph in the media of Minister of Labour and Social Policy Borislav Gutsanov (Bulgarian Socialist Party), MEP Kristian Vigenin (Bulgarian..
With 197 votes “for”, the National Assembly unanimously approved, at first reading, a full ban on the import, trade in, supply, distribution and sale,..
The Council of Ministers approved a roadmap for the completion of Struma motorway. According to the schedule, an open tender for preliminary design is..
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