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.
Since 2007, when Bulgaria joined the EU, real incomes in the country have more than tripled. Purchasing power has increased by 20%. This is according to the Ministry of Finance. In 2006, the interest rate on mortgage loans in the country was 8%, now..
The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government press service has announced. State universities announce protest readiness The..
“Our cabinet has a short time horizon, we have no right to ask people to postpone their lives until a regular cabinet is elected. That is why we are doing our job in the best way possible,” says caretaker Prime Minister Dimitar Glavchev in an..
The European Commissioner for Agriculture Janusz Wojciechowski will be on a working visit to Bulgaria on May 21. His program includes meetings in..
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..
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..
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