On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79%. The base rate in October was 3.64%, and in September 3.53%. Interest rates have been going up since the end of September 2022 when the BNB announced a rate increase from zero percent for September to 0.49% as of 1 October, 2022. By the end of 2022, the annual base rate had reached 1.42%.
Over the first 9 months of the year, the banking system in Bulgaria has registered records-high profits of EUR 1.35 billion (2.7 billion Leva), or 80.5% more compared to the same period of 2022, the BNB says. The impressive profits made by banks in 2023 are due mostly to the significant increase in revenue from interest on loans and higher fees and commissions.
Under the name BGBizHub, Bulgarian entrepreneurs in Berlin have joined forces to promote and develop their businesses in Germany. "Like any other business, not only in Berlin or in Bulgaria, we currently face several problems -..
Bulgarians are consuming less bread, cheese and vegetables, but more fruit, according to the latest data from the National Statistical Institute on household consumption in the third quarter of 2025, compared to the same period last year...
In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..
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