The introduction of moratorium on bank loan payments in Bulgaria has been postponed. On April 1 the Bulgarian National Bank had to come up with criteria for temporary public and private moratorium on bank loan payments. The extraordinary measure is adopted for clients who experience difficulties paying their bank loans due to the COVID-19 crisis. The EU Single Banking Authority delayed for April 2 the announcement of the uniform instructions and criteria for bank loan moratorium in the EU. BNB and the commercial banks operating in Bulgaria suppose that the measures for Bulgaria will be announced by the end of the week. The new measures must make sure that commercial banks will be able to maintain their capital adequacy over the next 9 months. Romania, Poland and Hungary already declared a moratorium on loan principals.
Household electricity prices will not go up with the planned liberalization of the electricity market for household consumers as of 1 July this year, Energy Minister Zhecho Stankov said in an interview with the BNR. Bills will not go up with the..
Twenty-five children and young people who survived kidnapping by the terrorists from Hamas in the tunnels under Gaza, or whose parents are still held hostage by Hamas, were gifted a 10-day ski vacation in Bulgaria’s winter resort of Bansko by the..
In the divisive times we are living in it is more important than ever to unite and support one another, said President Rumen Radev at last night’s official iftar dinner in Sofia marking the beginning of Ramadan, the holy month for Muslims. In his..
Household electricity prices will not go up with the planned liberalization of the electricity market for household consumers as of 1 July this year,..
Sunday will be cloudy. A cold atmospheric front from the west will bring rainfalls. In the western mountainous regions of Bulgaria,..
On the day of the third boycott of large retail chains their turnover increased by over 1 million euros, according to data from the..
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