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.
On September 10 and 11, the Inter Expo Center in Sofia will host Smart Poultry World - a large-scale business exhibition dedicated to the poultry sector . Among the exhibitors are world leaders in the field of technological equipment, energy..
The part of the country most threatened by floods is Northern Bulgaria. This is shown by the data in both scenarios for an increase in average temperatures - by 3.9 and by 2.5 degrees by the year 2100, according to projections by the Intergovernmental..
"Bulgaria is prepared for Schengen and we do not understand why it is not part of this space". This was stated by the Minister of Foreign Affairs of Hungary Peter Szijjártó in Bucharest, where he participated in the 8th meeting at the level of..
Unforgettable experiences with fresh beer, specially developed alcoholic and non-alcoholic beer cocktails, favorite Bulgarian and foreign hip-hop and rock..
The first and only nuclear power plant in Bulgaria ‘’Kozloduy’’ was officially opened on September 4, 1974. It is also the first nuclear power plant in..
Toshiba Energy Systems & Solutions Corporation will assist Bulgaria in bringing the Chaira power plant back into operation as soon as possible. The..
+359 2 9336 661