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.
Bulgaria will not be able to meet all the criteria for joining the euro area by the time the convergence report is published in June , Bulgarian National Bank (BNB) governor Dimitar Radev said at a conference on euro adoption in Sofia. "The main..
I proposed that the pensions update from July 1, 2024 be set at 11% and the Supervisory Board of the National Social Insurance Institute voted in favour of my proposal, caretaker Minister of Labor and Social Policy Ivaylo Ivanov said. He noted that..
Washington has called on Skopje to make continuous efforts and reforms to achieve progress in joining the EU. "We encourage the continuation of dialogue between North Macedonia and Bulgaria, which is rooted in a shared commitment to the country's..
The rearmament of the Bulgarian Air Force with F-16 Block 70 aircraft will contribute to the introduction of new technologies at the Avionams Aircraft..
The number of visits by foreign nationals to Bulgaria increased by 16.0% in 2023 , with visits from Turkey and Romania contributing the most. T..
Bulgaria and Vietnam will work to further deepen bilateral economic exchanges and mutual investments, President Rumen Radev and Vietnam's Minister of..
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