Bulgaria’s banks entered the current crisis well prepared, because a lot was done in the recent years, the Governor of the Bulgarian National Bank Dimitar Radev pointed out during the opening of the new academic year at the University of National and World Economy, quoted by BGNES. Dimitar Radev emphasized the unprecedented asset quality review and the stress tests performed by the Bulgarian National Bank and the European Central Bank. In his words, in the beginning of the crisis, the banks undertook additional measures to boost their liquidity. The good condition of the banks allowed them to create conditions for mitigating the consequences of the crisis for business and citizens. The main instrument used for this purpose is the so-called “private moratorium” on bank loan payments. More than 14,000 enterprises and over 93,000 households have benefitted from this measure and got payment deferrals to the tune of EUR 4.6 billion.
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the..
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