The banking system has not been directly hit by the coronavirus crisis. At the moment it is stable and there is no increase in interest rates on loans, banker Levon Hampartzoumian has told bTV.
Comparing the current financial crisis with the one that occurred ten years ago, he said that the previous one was mainly a crisis of liquidity and mistrust between banks and a lack of sufficient capital in the banks themselves.
For ten years, things have improved in such a way that the world's banking and financial systems are more resilient to shocks, even some unpredictable shocks. These days in Bulgaria and around the world banks are in much better health condition in comparison to the previous crisis, Mr. Hampartzoumian added.
He also said that banks are the safest place to keep money. According to Hampartzoumian, the proof of this was that bank savings of Bulgarians have already reached 57 billion dollars.
After more than three hours of heated debate, the Bulgarian Parliament has banned propaganda, promotion or incitement, directly or indirectly, of ideas or views related to non-traditional sexual orientation and/or the definition of gender identity other..
It will be sunny on Thursday . There will be light and moderate easterly winds. The lowest temperatures will range from 13°C to 20°C, for Sofia 13°C. Daytime highs will range from 29°C to 37°C, for Sofia 31°C. Sunny weather is in the forecast for..
Bulgaria is the EU member state most affected by forest fires since the beginning of 2024, the Representation of the European Commission in Sofia said on Facebook. According to the European Forest Fire Information System (EFFIS), over 38 000..
Caretaker Prime Minister Dimitar Glavchev stated that he will accept a proposal to be caretaker PM again if President Rumen Radev assigns him this..
A new flare-up of the big wildfire on the Greek side of Slavyanka mountain has crossed the border into Bulgaria, extending the perimeter of the fire..
The traditional swim across the Danube River near Silistra will take place at 9:00 am on August 10. Those wishing to participate can register just..
Clear
Partly Cloudy