Bulgaria’s banks entered the current crisis well prepared, because a lot was done in the recent years , the Governor of the Bulgarian National Bank Dimitar Radev pointed out during the opening of the new academic year at the University of National and..
The Covid-19 pandemic affected the entire world economy and millions of people lost their jobs. The crisis has led to contraction of consumption, cessation of production and disruption of already established supply chains. The economic consequences of..
Bulgarian exports and imports have continued their decline, National Statistical Institute data show. Because of the pandemic Bulgaria’s total exports went down in July by 10.7% to 2.446 billion euro compared to a year earlier. The..
Nine Member States in the European Union produce lignite, also called 'brown coal', for electricity and heat production , Eurostat data show . Germany is the main producer and accounted for about 45% of total EU lignite production in 2018 followed..
Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020 , BNR reports. This is part of the cooperation of the Bulgarian National Bank with the European financial institution on the..
The first interactive map of Bulgarian industry is now available online, BGNES reports. The project was developed by the Ministry of Economy and the Small and Medium Enterprises Promotion Agency in partnership with the Bulgarian Innovative..
Insurance companies have taken 2.3 billion euro abroad in search of higher yields for their assets. The money is being transferred mostly to EU countries, the Bulgarian National Bank, BNB announced. The year on year export of insurance capital..
The Bulgarian economy registered a 10% decline over the second quarter of 2020 compared to the first three monthsof the year, indicate National Statistical Institute data. How are businesses operating in the conditions of recession, pandemic, and..
More than 107,000 loans are subject to a temporary moratorium due to the economic consequences of Covid-19 at the end of July. This is clear from data of the Bulgarian National Bank , BNR reports.The total value of these loans is over nine billion levs..
At the end of the second quarter of 2020, the number of passengers transported by bus or rail in Bulgaria has decreased by 45% compared to the same period in 2019. The National Statistical Institute reports a decline in both domestic and..
Bulgaria is among EU countries with alarming Covid-19 trends As of September 13, the Covid-19 situation in seven EU countries - Spain,..
80% fewer tourists have spent their summer holidays in Bulgaria due to the coronavirus epidemic, and 30% of the staff in the tourism industry have lost..
“A few years back I warned President Putin, at the time premier Medvedev was here, that on the territory of Bulgaria I do not tolerate things like..