The profit made by Bulgarian banks as of 30 September, 2021, reached over half a billion euro, 195 million more than during the first nine months of 2020, BNT has reported.
According to Bulgarian National Bank data, the growth of profit is by 55.6%. Bank deposits have also gone up – in the July-September period they increased by almost 2 billion euro, reaching 56 billion euro. The revenues are due most of all to savings by non-financial companies (1.2 billion euro) and households (332 billion euro). Moreover, the stock of non-performing loans at the end of September dropped to around 2.69 billion euro, less than it was compared of June, when it stood at 2.75 billion euro.
Gross loans and advance payments during the third quarter of 2021 have gone up by around 0.9 billion euro (2.2%) to approximately 41.95 billion euro.
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
+359 2 9336 661