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.
The Bulgarian Industrial Capital Association and the Bulgarian Association of Dairy Processors have raised concerns that the prices of basic food products in Bulgaria are higher than in Austria and Germany, where the standard of living is..
The emergency renovation of Graf Ignatievo Airport will cost just over EUR 110 million excluding VAT. The repair contracts have been awarded to four companies, which the Ministry of Defense announced publicly, with their selection being an exception..
In a press release, Bulgaria’s Ministry of Foreign Affairs strongly condemned the recent statements by the Prime Minister of the Republic of North Macedonia Hristijan Mickoski regarding the Bulgarian minority in the country and its inclusion in the..
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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