Banks' interest incomes on loans have decreased, while their interest expenses on deposits are on the rise.
In the near future, the trend of deposit growth and slowdown in lending activity will continue to develop. This is the forecast of the Association of Commercial Banks, quoted by BNR reporter Marta Mladenova. The trend is due to the slow economic activity caused by the Covid-19 crisis. The decline in loans and fee and commission incomes, as well as low interest rates, has led to a 26% drop in net profit in the banking sector on a quarterly basis in the second quarter of 2020.
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and amounted to 20.895 billion euros. The main trading partners are Germany, Romania, Italy, Greece and..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..
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