By the end of December 2019, the interest rates on twelve month deposits amount to 0.2%. Interest rates on bank loans were to the tune of 4%. However, adjusted with the annual inflation (3.8%) the interest rate on twelve month bank deposits was negative to the tune of -3.6% and the interest rate on bank loans was close to zero, data of the Bulgarian National Bank show. People lose part of their savings due to the low interest rates and bad management of their personal finance, the credit expert Tihomir Toshev told the Bulgarian National Radio. All bank deposits up to EUR 100,000 are guaranteed by the state. That is why the Bulgarians are not looking for alternative financial instruments despite the low interest rate, Tihomir Toshev further said.
.Monday will remain mostly cloudy. Rain will still fall in eastern Bulgaria before noon. In the afternoon there will be showers in places in western Bulgaria. Light to moderate winds will blow from the east-northeast. Minimum temperatures will be..
Caretaker Energy Minister Vladimir Malinov has admitted the possibility that electricity for households might rise in price from 1 July this year . The reason for this is the accumulated deficit in the "Security of the electricity system" fund. "At..
The Strategic Defence Review will recommend a study on the possibility for civilians to receive military training, interim Defence Minister Atanas Zapryanov said. The latest defence report recommends urgent legislative measures to create conditions..
Caretaker Energy Minister Vladimir Malinov has admitted the possibility that electricity for households might rise in price from 1 July this year . The..
Doctors have renewed the call for children without the compulsory vaccinations to not be allowed in school, or to be part of organized groups of..
The Ministry of e-Government, the Bulgarian Institute for Standardization and the Bulgarian Institute of Metrology will check the voting machines for..
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