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 Wednesday, minimum temperatures in the country will be between 9 and 14°C, 12°C in Sofia. During the day, sunny skies are expected, with some clouds developing in the west, until rain starts to fall before the end of the day. Highs will range from..
The MPs obligated the supervisory board of the National Social Security Institute to support the revaluation of pensions by 11% as of 1 July this year. Such a decision had already been approved by the supervisory board but one of the..
Ventsislav Velev who is in the 11 th grade in the Baba Tonka high school of mathematics in Russe won the silver medal at the International Philosophy Olympiad in Helsinki , with only two students – the gold medalists from Germany and China – ahead..
There will be no significant rise in the price of electricity for household users, said caretaker Energy Minister Vladimir Malinov. Kozloduy..
The European Commissioner for Agriculture Janusz Wojciechowski will be on a working visit to Bulgaria on May 21. His program includes meetings in..
The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government..
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