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.
Interdepartmental working groups will work towards the speedier implementation of the projects for the construction of new nuclear capacities at Kozloduy NPP and the Vertical Gas Corridor, the Council of Ministers press service has announced. The..
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural gas supplies to Bulgaria After a two year’s delay, the new management of the state company..
Google is donating USD 1 million for scholarships for young scientists working at the Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University. This is one of the largest global scholarship donations by the..
Bulgaria is ahead of many countries in the world in terms of representation of women in parliament, as well as in high positions in the corporate sector..
In the presence of cabinet ministers, politicians, mayors and diplomats, President Rumen Radev opened the summer tourist season in Bulgaria's seaside..
Nearly 73% of Bulgarians did not visit a library, and 40 percent did not read a single book last year , according to a study by Alpha Research, announced..
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