By the end of December 2019, the interest rates on twelve month deposits amount to 0.2%. Interest rates on bank loans were to the tune of 4%. However, adjusted with the annual inflation (3.8%) the interest rate on twelve month bank deposits was negative to the tune of -3.6% and the interest rate on bank loans was close to zero, data of the Bulgarian National Bank show. People lose part of their savings due to the low interest rates and bad management of their personal finance, the credit expert Tihomir Toshev told the Bulgarian National Radio. All bank deposits up to EUR 100,000 are guaranteed by the state. That is why the Bulgarians are not looking for alternative financial instruments despite the low interest rate, Tihomir Toshev further said.
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Sofia is hosting a trilateral meeting of the defence forces heads of Bulgaria, Romania and Turkey. The Ministry of Defence announced that, at the invitation of Chief of Defence Admiral Emil Efimov, the heads of the Romanian and Turkish defence forces,..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University "St. Kliment Ohridski" has launched a joint program with the Artificial Intelligence Laboratory of the Massachusetts Institute of Technology (MIT)..
On Wednesday, minimum temperatures will range from 16 to 19 °C. The day will be sunny, with cumulus clouds forming over the mountains in the afternoon and occasional brief showers. Maximum temperatures will range from 30 to 35°C . In the capital -..
Security agencies in Bulgaria, DANS (State Agency for National Security) and GDBOP (General Directorate Combating Organized Crime), are carrying out an..
The Ministry of Transport has published for public discussion changes to the Regulation on Unmanned Aircraft Systems. The..
On Thursday, the lowest temperatures will range from 13°C to 20°C, 16°C in Sofia. It will be sunny during the day and hot in the afternoon. There will..
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