Bulgarian exports and imports have continued their decline, National Statistical Institute data show.
Because of the pandemic Bulgaria’s total exports went down in July by 10.7% to 2.446 billion euro compared to a year earlier. The country’s total imports went down by 15.9% to 2.564 billion euro. The foreign trade balance was negative in July at 119 million euro, compared to a deficit of 312 million euro in July 2019.
Over the first seven months of 2020 Bulgaria’s total exports went down by 7.5% to 15.9 billion euro compared to the same period of 2019, while imports shrank by 12.8% down to 17 billion euro. The total foreign trade balance from January to July was at a deficit of 1.1 billion euro.
The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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