The performance of Bulgaria’s banking sector has been improving for the fourth consecutive year. Credit activity is among the main factors that contributed to the economic growth in this country, which is one of the highest in the whole EU. The indicators of the Bulgarian banks have improved, including profitability. The volume of bad loans has decreased, the Governor of the Bulgarian National Bank Dimitar Radev said in an interview for Nova TV. Dimitar Radev also pointed out that basic indicators such as capital adequacy and liquidity are above the EU average. The Bulgarian economy and banks are expected to remain stable in 2020, regardless of the unfavorable external environment. In Dimitar Radev’s view, the 3%-3.5% economic growth projected by the Bulgarian government for 2020 is realistic.
The Economic and Social Council insists on the creation of an Energy Poverty Observatory and Information System for Vulnerable Households, BTA reports. A national strategy is also needed, including a number of measures for people who..
The legendary train “Orient Express”, will stop today at 12:45 p.m. at the Central Railway Station in Ruse, BTA reports. The train travels from Paris to Istanbul and will arrive from Romania. During the traditional stop of..
This country will strive to use the mechanisms of the European Union to have greater fiscal freedom in terms of defence spending while adhering to a conservative financial policy in view of the expected accession to the eurozone...
The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria..
Pope Leo XIV appeared last night in the Vatican Gardens wearing an omophorion gifted to him by Bulgarian Prime Minister Rosen Zhelyazkov , the Catholic..
Nearly one in three children in Bulgaria lives in material deprivation, according to data from the National Statistical Institute for last year, reported..
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