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 Thursday , the lowest temperatures in the country will be between 5 and 10°C; in Sofia – about 5°C. It will be cloudy with rainfalls in the morning mainly in eastern Bulgaria. The weather remains windy, with moderate to strong..
The MPs from the National Assembly Energy Committee have postponed by one year the full liberalization of the electricity marker. According to the current law, it was supposed to happen from July 1, 2024. This means that on July 1, the Energy and..
Seventh-grader Kaloyan Geshev from the 125th High School "Boyan Penev" in Sofia became a three-time champion in mental calculation. He won first place at the Mental Calculation Olympiad, which was held online. Kaloyan scored 243 points and thus..
The MPs from the National Assembly Energy Committee have postponed by one year the full liberalization of the electricity marker. According to the..
Bulgarian fragrances and cosmetics will participate in the IN-COSMETICS GLOBAL 2024 exhibition, which starts today in the world capital of the perfume..
On Wednesday, minimum temperatures in the country will be between 13 and 18°C, with 13°C in Sofia. Lower temperatures are expected in north-western..
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