Bulgaria's central bank has been discussing measures to reduce the number of non-performing loans, which has been falling but is still a burden on the well-capitalized banking sector in the country, BNB Governor Dimitar Radev said.
Bulgaria's financial system has stabilized since the 2014 bankruptcy of the country's fourth-largest credit institution - Corporate Commercial Bank due to fraud and internal misappropriation, but bad loans remain a challenge according to reports by the International Monetary Fund and the European Commission.
The review of asset quality and the stress test carried out by the Central Bank last year in order to restore confidence in the sector helped banks better assess credit risks and curb bad loans, Dimitar Radev added.
Caretaker Premier Dimitar Glavchev said from Washington that he did not know why the president had not yet announced a date for handing over the second exploratory mandate to form a government. "Surely, President Rumen Radev has some considerations..
13 bands from abroad will perform on the big stage of the 4 th edition of Midalidare - Rock in the Wine Valley , 12-14 July, alongside the headliners Deep Purple, Mr. Big and Accept, among them Axel Rudi Pell, Hammerfall, Beast in Black, The..
On Friday the weather will be sunny and hot. Clouds will form in the afternoon but there will only be isolated showers in some parts in Eastern Bulgaria. Minimum temperatures 20-24° C., for Sofia 20° C., maximum 34-39° C., for Sofia 34° C...
The start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
The Chairman of the GERB-SDS Parliamentary group, Boyko Borissov, sent an official refusal to the Movement for Rights and Freedoms (DPS) and confirmed..
The largest archaeological campaign ever conducted on Perperikon has begun, BTA reports. Prof. Nikolay Ovcharov, head of the research at..
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