The profits of Bulgarian banks continue their rise. In mid-2019 profits in this sector amounted to 469 million euro, which is 14.6 percent up on last year, the Bulgarian National Bank, BNB says.
The level of non-performing loans is going down. At the end of June they constituted 7.2 percent, compared to 7.4 percent during the first quarter of 2019. Credits amount to a total of 32 billion euro. There is an increase in loans with households as well as businesses. The Bulgarian National Bank warns that there is a big appetite for credit, but that banks should be cautious when they grant loans and avoid taking excessive risks. The increased debt securities portfolio is seen as a positive indicator. Despite their low profitability they are a very safe investment for banks.
On Saturday, minimum temperatures in the country will be between 2 and 7°C, in some valleys in the south-east 0°C, in Sofia 2°C. During the day there will be cloudy weather with heavy precipitation in the eastern areas. In the western part of the..
At an extraordinary meeting, the National Assembly examines the report of the temporary parliamentary committee on the agreement between the state gas supplier Bulgargaz and Turkish energy company Botas. However, the conversation moved into the..
Caretaker Minister of Foreign Affairs Stefan Dimitrov stated that he remains in office until there is a presidential decree for his release. We recall that his replacement was requested by the caretaker PM Dimitar Glavchev a week after taking..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to..
Bulgarian Caretaker Prime Minister Dimitar Glavchev has met with the Prime Minister of the Netherlands Mark Rutte , the press service of the Council of..
The Bulgarian Socialist Party will send the parliamentary report on the gas contract with the Turkish state-owned energy company Botas to the..
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