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.
A contract for the delivery of 20 multiple-unit trains was signed at the Council of Ministers in the presence of caretaker Premier Dimitar Glavchev. They are financed with funds from the Recovery and Resilience Plan. The Ministry of Transport..
The divisions within the groups of the Movement for Rights and Freedoms (DPS) and the Bulgarian Socialist Party (BSP) are among the leading topics among the members of parliament. Ramadan Atalay from the Movement for Rights and Freedoms’ faction..
A fire broke out last night near the agro-industrial complex in Asenovgrad. It has already been contained. Eight firefighting teams from Asenovgrad and Plovdiv battled the fire, which engulfed a large and hard-to-reach terrain, the BNR’s..
Bulgaria’s Defence Minister Atanas Zapryanov confirmed that Bulgaria has sent Ukraine Gvozdika self-propelled artillery systems, public service TV BNT..
As a result of the enhanced dialogue and actions by the competent bodies in Bulgaria and Turkey, a 70% drop in the migrant flow has been registered,..
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