The Bulgarian National Bank (BNB) lowers the main interest rate to 3.79% in January 1, 2024, BTA has reported. This is the first cut in the key rate since October 2022, albeit by just 0.01% from December's level. In November, the main interest rate was 3.79%, and in October - 3.64%.
The BNB does not allocate funds for the production of euro banknotes in its 2024 budget and plans to initially borrow notes if Bulgaria enters the currency union from January 1, 2025. This is recorded in a document for the central bank's budget. Bulgaria expects to receive an invitation to join the eurozone next summer, with the indicative date being January 1, 2025, as for a month the lev and the euro will be used for payment in parallel.
"Yes, Bulgaria" party (part of "Democratic Bulgaria") have defined the budget for next year as an "economic tsunami". MP Ivaylo Mirchev was firm that the pary will oppose it when the project comes up for discussion in parliament. "Yesterday we were..
Bulgarian President Rumen Radev has presented the national flag to the participants in the 34th Bulgarian Antarctic Expedition. At a ceremony in the Hall of Arms, the flag was accepted by the head and doyen of Bulgarian research in the White Continent,..
The euro will help, but it does not on its own guarantee higher standards of living, said Kristalina Georgieva, Managing Director of the International Monetary Fund, at the high-level conference in Sofia titled ''Bulgaria on the Doorstep of the..
North Macedonia has still not adopted the necessary constitutional amendments aimed at including Bulgarians and other non-majority communities in the..
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
On Tuesday , the lowest temperatures will be between 8 and 13°C; in Sofia - about 8°C. During the day, it will remain cloudy. There..
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