The interest rates on deposits offered by the commercial banks to the local households and companies have reached new historical lows and are very close to zero (those in Euro offered to Bulgarian firms decreased to 0.38% on an annual basis). The interest rates on consumer loans fell for the first time under 10% since the end of the credit expansion in 2007. This is mainly due to the excessive liquidity of the banking system and to the negative interest rates levied by the Bulgarian National Bank on the excessive reserves of the commercial banks. The low profitability of the bank deposits already made some Bulgarian households and companies withdraw part of their savings and boosted consumption of services and items. The cheaper consumer loans, however, have not yet triggered substantial growth in lending.
Sunny weather will prevail on Monday. There will be more significant increases in cloudiness over the northern and eastern regions of Bulgaria in the afternoon and over mountainous regions. Rainfalls are possible in some places...
Tomorrow, ITN will return to President Rumen Radev the third mandate for forming a government that has not been fulfilled, the leader of the party Slavi Trifonov announced on his Facebook page. Slavi Trifonov recalled the..
Most unemployed people in Bulgaria do not have a professional qualification, the Employment Agency reports. For just a year, the number of people without special skills increased by 8% and is nearly 87 thousand. The data also..
Caretaker Prime Minister Dimitar Glavchev stated that he will accept a proposal to be caretaker PM again if President Rumen Radev assigns him this..
A new flare-up of the big wildfire on the Greek side of Slavyanka mountain has crossed the border into Bulgaria, extending the perimeter of the fire..
The traditional swim across the Danube River near Silistra will take place at 9:00 am on August 10. Those wishing to participate can register just..
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