Bulgaria’s National Assembly tasked the government with speeding up the process of adopting the single European currency on January 1, 2024 and set the exchange rate at 1,95583 Leva for 1 Euro. The proposal was put forward by the largest..
There is a real risk that Bulgaria will not be able to join the eurozone on January 1, 2024, the Governor of the Bulgarian National Bank Dimitar Radev warned during a hearing in the National Assembly. "The delay in joining the euro area is..
The Bulgarian National Bank (BNB) in its economic analysis forecasts a significant raise in interest rates on loans and deposits. The biggest increase in interest rates is expected to be in the fourth quarter of this year and the first half of next year...
On September 19, the Bulgarian National Bank (BNB) announced a tender procedure for the taking of internal debt of 100 million euros. The bonds of the Ministry of Finance have a maturity of 10.5 years and an interest rate of 2.25 percent. For this..
A sharp increase in the prices of fuels and raw materials and possible disruptions in their regular supply can affect economic activity, affect the ability of borrowers to service their loans and subsequently lead to an increase in bad loans and asset..
The Bulgarian National Bank (BNB) said that it expects Bulgaria’s economy to expand by 1.9% in 2022, revising downwards its March growth forecast of 2.1%. The slower GDP growth will be determined by the negative contribution of net..
The Netherlands remains the largest foreign investor in Bulgaria with €7.7 billion or 15.1% of all inflows, according to the Bulgarian National Bank. Austria follows with €4.95 billion or 9.7%. Germany is third with €3.78 billion. With a total inflow..
At a ceremony, attended by President Rumen Radev and the governor of the Bulgarian National Bank (BNB), Iliya Lingorski took office as member of the governing council of the Bulgarian National Bank. Lingorski is from the presidential quota, and is..
Bulgarian National Bank (BNB) Governor Dimitar Radev warned that the dynamics of the political processes in Bulgaria will determine whether Bulgaria will join the euro zone in January 2024. The adoption of 100 legislative texts is needed, including..
The Bulgarian National Bank (BNB) celebrated 142 years since the creation of the Bulgarian lev with an Open Day. Visitors had the opportunity to visit the Governing Council Hall, where some of the most important decisions in the..
