Podcast in English
Bulgarian National Radio © 2022 All Rights Reserved

Commercial banks in Bulgaria have 5 days to decide on payment moratoria

Photo: capital.bg

Bulgaria's central bank BNB has adopted the guidelines approved by the European Banking Authority for private moratoria on payments in light of the Covid-19 crisis. Payment moratoria are seen as an effective tool to address short-term liquidity difficulties for clients. Many businesses and citizens now experience difficulties resulting from the impact of the COVID-19 pandemic. Therefore, the BNB wants commercial banks to propose, within 5 working days, a common draft with rules regarding moratoria on payments. The rules should not interfere with the maintenance of commercial banks' capital liabilities, the BNB informs.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria’s competitors win 15 medals at International Tournament of Informatics in Shumen

The competitors from Bulgaria won 15 medals at the 14 th John Atanasoff International Tournament of Informatics in Shumen, which took place under the patronage of President Rumen Radev and with the media support of the Bulgarian news agency BTA...

published on 11/28/22 4:39 PM

Bulgarian Rise: The important thing now is to form a cabinet, snap elections will not solve any problems

“It has been a month now since the start of the consultations. I gave the political parties represented in parliament enough time to find a way out of the confrontation and to attain a rational consensus on the formation of a cabinet. But instead of..

published on 11/28/22 3:36 PM
 Desislava Atanasova, chair of the GERB-SDS parliamentary group

GERB party ready for dialogue on the formation of a government with everyone, Desislava Atanasova says

GERB party is ready for dialogue with everyone for the formation of a government, whoever may be holding the mandate, Desislava Atanasova, chair of the GERB-SDS parliamentary group stated in Ruse, as quoted by public service TV BNT. “The..

published on 11/28/22 2:53 PM