The Bulgarian National Bank, BNB, has increased its reserves by over 1 billion euro. This took place after the increase of the special drawing rights allocated by the International Monetary Fund, BNB has announced. With the increase, as of 23 August the total amount of BNB’s special IMF drawing rights will reach around 1.7 billion euro.
Earlier, International Monetary Fund Managing Director Kristalina Georgieva described the allocation of a total of 650 billion USD for the member countries as a “historic decision” and “a shot in the arm for the global economy at a time of unprecedented crisis. It will particularly help our most vulnerable countries struggling to cope with the impact of the COVID-19 crisis.”
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..
Bulgaria is among the most dynamic and promising economies in Southeastern Europe, said Prime Minister Rosen Zhelyazkov. He participated in a luncheon roundtable discussion in New York organized by the Delphi Economic Forum and the Business Council..
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