Insurance companies have taken 2.3 billion euro abroad in search of higher yields for their assets.
The money is being transferred mostly to EU countries, the Bulgarian National Bank, BNB announced. The year on year export of insurance capital is 5.4%. The funds managed by insurers in Bulgaria stood at over 4.4 billion euro as of the end of June. The increase in funds over the space of a year is by 320 million euro, or 7.7%. The money insurance companies have invested in Bulgaria amounts to a little over 2 billion euro, or an increase of over 150 million euro over the space of a year, BNB says.
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
Mostly Cloudy
Wet snow
Значителна облачност със сняг
Snow
Partly cloudy, chance of snow