Lending activity in Bulgaria remains high, which in the short term is positive for banks' profitability, but in the long term creates a risk to their balance sheets
The Ministry of Finance (MF) is preparing to take out another BGN 300 million loan. The auction, scheduled for November 17 (Monday), will be the 13th on the domestic market
The Zhelyazkov cabinet is preparing for a new domestic loan of BGN 300 million. According to a statement on the Bulgarian National Bank (BNB) website
Commercial banks have come to the aid of Finance Minister Temenuzhka Petkova in her attempt to “patch up” the growing budget deficit
The payment account for basic transactions, created years ago with the idea that no fees would be charged if the money came only from salaries, pensions, social benefits
The benefits of joining the eurozone are significant and long-term, said Bulgarian National Bank (BNB) Governor Dimitar Radev, quoted by his institution
Fears of “debt-fueled spending” after the introduction of the euro in Bulgaria are unfounded. This was confirmed by the Governor of the Bulgarian National Bank (BNB), Dimitar Radev
According to the central bank governor, the number of skeptics in Bulgaria will decrease significantly after the introduction of the new currency
The main reason for the adjustment is the incoming data on the strong economic activity in the country.
Last year, the bank regulator tightened the rules for housing loans and introduced new requirements for banks when granting mortgages
The prediction was made in the Bulgarian National Bank's quarterly Macroeconomic Forecast
Bulgaria's trade deficit continues to expand and for the first nine months of 2024, it reached 3.5 billion euros, or 3.5% of the estimated gross domestic product
The most realistic date for Bulgaria's accession to the Eurozone is January 1, 2026 - this is the conclusion that a number of financial institutions
