Bulgarian National Radio © 2020 All Rights Reserved

BNB: Bulgaria’s economic growth is among the highest in the EU

BNB Governor Dimitar Radev
Photo: BTA

The performance of Bulgaria’s banking sector has been improving for the fourth consecutive year. Credit activity is among the main factors that contributed to the economic growth in this country, which is one of the highest in the whole EU. The indicators of the Bulgarian banks have improved, including profitability.  The volume of bad loans has decreased, the Governor of the Bulgarian National Bank Dimitar Radev said in an interview for Nova TV. Dimitar Radev also pointed out that basic indicators such as capital adequacy and liquidity are above the EU average. The Bulgarian economy and banks are expected to remain stable in 2020, regardless of the unfavorable external environment. In Dimitar Radev’s view, the 3%-3.5% economic growth projected by the Bulgarian government for 2020 is realistic.


More from category

Bulgaria's Interior Ministry monitors the situation in Sofia and the whole country over Lukov March ban

Bulgaria's Interior Ministry is monitoring the situation in the country and the capital because of the Lukov March planned for this Saturday in Sofia, Interior Minister Mladen Marinov said . Sofia Mayor Yordanka Fandakova has issued an order banning the..

published on 2/21/20 7:22 PM

The Bulgarian Orthodox Church boycotts Orthodox summit in Amman

The Holy Synod of the Bulgarian Orthodox Church (BOC) will not send representatives to the summit of autocephalous (self-governing) Orthodox churches to be held in Jordan's capital Amman . The Bulgarian Orthodox Church refrains from participating in the..

published on 2/21/20 6:12 PM

Bulgaria's PM denies allegations of being part of money-laundering scheme in Spain

Bulgaria's Prime Minister Boyko Borissov has denied having properties and businesses in the Spanish province of Catalonia. The anti-corruption police in Barcelona are checking whether Borissov is involved in an "international money laundering" scheme,..

published on 2/21/20 5:46 PM