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.
Bulgarian Vice President Iliana Iotova has warned that the country is late with the organization and preparation for the chairmanship and hosting of the 47th session of the UNESCO World Heritage Committee in 2025. Iotova participated..
Although 2.5 million euros were allocated for the Stefan Stambolov Program in 2024, the money remained unused. The new team at the Ministry of Education will not work on it, too. This is stated in a response from the institution,..
“DPS-New Beginning” is committed to collecting, summarizing and providing the US government with information about the actions of organizations, media and individuals who have carried out manipulative and propaganda activities in..
Bulgaria is participating at the Lisbon Food Affair (LFA) – the largest food trade fair in Portugal, which opened today and will run until..
From February 10 to 22, the largest NATO military exercise of the year, Steadfast Dart - 2025 (STDT25), will be held in the areas of the Tsrancha..
By the end of September, Bulgaria will receive eight F-16 Block 70 fighter jets, Minister of Defence Atanas Zapryanov has told Nova..
Clear
Mostly Cloudy
Partly Cloudy