On May 2, 2024, the Governing Council of the European Central Bank adopted an opinion expressing a positive assessment of the draft Law on the introduction of the euro in the Republic of Bulgaria. The ECB has welcomed the aim of the draft law..
The Bulgarian National Bank (BNB) has raised from May 1 the main interest rate to 2.77 percent from 2.47% in April. More than once, the Bulgarian National Bank has warned that the credit expansion in the country may worsen the portfolio in the banking..
The Sofia City Prosecutor’s Office is to initiative proceedings on its own initiative based on media information that a financial institution on the territory of Bulgaria has been used to launder money coming from a Russian citizen, the..
The Bulgarian Parliament has decided to terminate Bulgaria's membership in the International Investment Bank (IIB) and the International Bank for Economic Cooperation (IBEC), as the Russian Federation is the largest shareholder in both. The..
The Bulgarian Development Bank (BDB) will help companies in the Manufacturing Industry sector to transition to a green and low-carbon economy through its new Energy Efficiency of Small and Medium Enterprises program. The need for such investments is no..
Official BNB statistics show stable and high growth in housing loans. According to the latest data for February, compared to the same period last year, the rise is 46%. The central bank also reported a decrease in the average..
Raising bank fees for basic payment services is a process that has been observed in Bulgaria for several years . According to a check conducted by the Bulgarian National RAdio, the trend of increasing the most popular fees - account maintenance fee,..
The amount of money that Bulgarian emigrants send to their families in this country decreased almost five times for the period January-April 2021 compared to the same period in 2020. According to the Bulgarian National Bank, last April the sum was..
Gross external debt, both private and public has been declining. At the end of May, the gross external debt was EUR 33.974 billion, which is an annual decline of 1% or EUR 330.2 million. This represents 59.9% of the country's projected GDP for this..
The Bulgarian National Bank forecasts an increase in non-performing loans and has kept buffer for the vaults at 0.5 percent of their capital in the third quarter. The central bank recalls that at the beginning of the crisis with Covid-19, it..
