Business / Finances

"The bankS in our phones": Open banking can replace expensive card payments

"A key role in the country’s development": What is the future of Bulgarian Development Bank?

The Bulgarian Development Bank (BBR) is key to the country's economic growth. The path of development that the state-owned financial institution

Theodor Radonov, Head of the Bulgarian Office of the EIB Group:

Banks need to shift their focus away from mortgage lending, and pension funds should be given the opportunity to invest in venture capital

We don’t expect changes in loan interest rates

For the second year now, there has been a committee of specialists at ING Bank Bulgaria and at the bank's central office in the Netherlands

We must dispel myths and fears

The biggest challenge for all institutions, public and private, is to dispel people's fears and dispel myths and speculations regarding the introduction of the euro in Bulgaria

The Croatian experience with the euro

Even when setting the strategic goal of joining the Eurozone and the Schengen area, Croatia steadfastly affirmed its path, regardless of the varying

It is important to have euro legislation by the end of the summer

We are actively preparing and ready to adopt the euro from the beginning of next year. All our efforts are directed towards this. It was essential to launch

The most important thing is to have a clear date for the euro

Effective accession to the Eurozone was expected in early 2025, but mid-2025 or early 2026 is now being discussed. For the telecom sector

We are preparing the systems for exchange and payments in euros

At UniCredit Bulbank, as in other banks in Bulgaria, we are actively working and preparing for the country's accession to the Eurozone

The banks will be ready for the euro on 1 January 2025

People should be reassured that from the date of introduction of the euro, all their accounts and loans will be automatically converted to the new currency