Bulgaria ranks fifth in the EU when it comes to bad credit loans, which reached 12.1 percent of all loans as of June last year at the backdrop of an average EU level of 4.6 percent. This is what a report by the European Commission shows, as quoted by Sega Daily.
The EC has criticized Bulgaria several times over the issue, forcing banks to take urgent measures to clear their bad portfolios. According to data of the Association of Banks in Bulgaria as of September 2017, non-performing loans declined to 11.7 pertcent. In financial terms this amounts to over 3.3 billion euros.
The top positions in the bad loan chart go to Greece with 46.9 percent, followed by Cyprus with 33.4 percent, Portugal with 15.5% and Italy with 12.2%.
Educational, creative and entertaining events await the youngest guests at Stage Central Halls in Sofia. Between 2:00 pm and 5:00 pm on August 7, children will have the opportunity to attend a Children's Coppersmith Workshop (suitable for children..
Caretaker Prime Minister Dimitar Glavchev stated that he will accept a proposal to be caretaker PM again if President Rumen Radev assigns him this position. President of Bulgarian Parliament Raya Nazaryan refuses to be caretaker PM “I..
A plasterboard ceiling of a wedding hall came crashing down on top of 150 guests in Kardzhali. Seven people have sustained non-life threatening injuries during the incident which took place on Monday night, among them one child. At the time of the..
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..
The National Assembly Defence Committee has given the green light for acquiring the German IRIS-T SLM air defense missile system. The bill was adopted..
There is a high probability that this would be the last regular meeting of the Council of Ministers, caretaker Prime Minister Dimitar..
+359 2 9336 661