Bulgaria’s commercial banks are less interested in attracting new deposits, banking expert Victor Yotsov told the Bulgarian National Radio. In Mr Yotsov’s words, the Bulgarian National Bank may reduce its interest rate on deposits even further and the banks may have to start paying more for the excessive amount of deposits. The liquidity of the Bulgarian banks is very high. That is why most of them are not interested in attracting more capital in bank deposits. The banks experience difficulties in supplying the huge amount of money they keep in deposits. However, the interest on bank deposits would not become negative. Otherwise, people would withdraw all their money from the commercial banks, if they are obliged to pay interest just to keep their money in banks, Victor Yotsov further said.
The fire in town of Kočani, which claimed the lives of 59 people and left 155 injured, was a foreseeable event, said Associate Professor Milen Ivanov, a security expert and former deputy rector of the Academy of the Ministry of the Interior...
Stefanija Alexova, a sophomore at the American University in Bulgaria (AUBG), is one of the victims of the Kočani fire. She was born in the Macedonian town, which became the scene of the tragedy where 59 people lost their lives and 155 were injured...
Fourteen people injured in the nightclub fire in the Macedonian town of Kočani have been admitted for treatment in Bulgaria, Pirogov Emergency Hospital Director Dr. Valentin Dimitrov announced at a briefing. Eight of them are in the intensive..
A protest is taking place in Sofia to demand maximum sentences for a man and a woman who killed animals in a particularly cruel way. So far, nearly..
In response to the tragedy in North Macedonia, where more than 50 people lost their lives in a fire at a nightclub in the town of Kočani, Foreign..
Overnight, clouds over the north and east will bring brief showers. There will be light to moderate westerly winds which will increase in strength on..
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