BNR Governor Dimitar Radev

BNB governor: Banks entered the crisis well prepared

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..

published on 9/15/20 3:12 PM

Moderate optimism about Bulgaria-Turkey economic relations against backdrop of Covid-19 crisis

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..

published on 9/15/20 11:17 AM

Decline in Bulgarian imports and exports continues on account of pandemic

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..

published on 9/14/20 1:42 PM

Bulgaria is highly dependent on lignite for its energy: Eurostat

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..

published on 9/14/20 1:26 PM

Five Bulgarian commercial banks go under direct supervision of ECB

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..

published on 9/12/20 10:28 AM

Interactive online map of Bulgarian industry presented

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..

published on 9/10/20 1:33 PM

More than half of the assets of insurance companies are abroad

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..

published on 9/9/20 5:18 PM
Vasil Velev

Bulgarian businesses in the conditions of recession, pandemic and political crisis

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..

published on 9/8/20 2:18 PM
Bulgarian National Bank

Loans worth more than 4.6 billion euros under a moratorium amid Covid-19 crisis

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..

published on 8/31/20 7:07 PM

Pandemic-caused crisis leads to collapse in road transportation

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..

published on 8/28/20 6:25 PM