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.
Three days of protests demanding better working conditions are to begin today in psychiatric hospitals and wards across the country. According to Dr Tsveteslava Galabova, head of the St Ivan Rilski State Psychiatric Hospital, psychiatric care is on..
A total of 59 people lost their lives and 155 were injured in a fire that flared up during a concert by the popular band DNK in North Macedonia last night. The fire erupted at the Pulse club in the town of Koçani, 65 km from the Bulgarian border. Some of..
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 Monday, veering north-west and bringing in cold air. Showers will be widespread, especially in the..
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..
Bulgarian citizens and road hauliers should avoid traveling to Serbia on March 15 and 16 except in cases of extreme necessity , until the protest actions..
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..
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