Bank profits stood at over half a billion Leva (250 million euro) at the end of May, Bulgarian National Bank data indicate. Banks’ profits are up by 28 million euro compared to the first five months of last year. However, the credit portfolio has shrunk by 0.1 percent. Credits taken out by households are up, whereas corporate credits are down and this pushes this index down. Deposits by households are still on their way up, though at a slower rate. The level of liquid assets within the system is high. The share of debt securities in banks’ portfolios, which are considered to be high-security investments, is increasing.
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes. There were three invalid ballots. The Grace of the Holy Spirit is in Unity, Purity of Faith and..
Former National Assembly speaker Rosen Zhelyazkov will probably receive tomorrow the first cabinet- forming mandate from President Rumen Radev, GERB-SDS MP Luben Dilov assumed in an interview for BNR. He added that he was referring to "statements" by..
The delegates of the fourth Patriarchal Electoral Church Council are already voting for new Bulgarian Patriarch. He will be elected with a two-thirds majority of their votes from among three candidates: Metropolitan Gregory of Vratsa, Metropolitan..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
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